PUBLIC FISCAL

ADMINISTRATIO
N

INSTRUCTOR: ROSY V. ALEGADO

PUBLIC FISCAL ADMINISTRATION
-IS THE ACT OF MANAGING INCOMING
AND OUTGOING MONETARY
TRANSACTIONS AND BUDGETS FOR
GOVERNMENTS, EDUCATIONAL
INSTITUTIONS, NON PROFIT
ORGANIZATIONS, AND OTHER PUBLIC
SERVICE ENTITIES
 FISCAL ADMINISTRATION
STRUCTURE

Top Middle Rank and

Management Management File
Level
 PHILIPPINE BUDGETARY PROCESS
SEC. 22, ARTICLE VII OF THE 1987
CONSTITUTION SETS THE TONE FOR THE
BUDGETARY PROCESS. UNDER THIS ARTICLE,
THE PRESIDENT SUBMITS TO CONGRESS
WITHIN 30 DAYS FROM THE OPENING OF
EVERY REGULAR SESSION, A FINANCIAL PLAN
OF EXPENDITURES AND SOURCES OF
FINANCING, INCLUDING RECEIPTS FROM
EXISTING AND PROPOSED REVENUE
MEASURES AS BASIS FOR A GENERAL
APPROPRIATIONS BILL.
FIVE MAJOR PHASES IN THE BUDGET
PROCESS

1. Budget Preparation
2. Budget Authorization
3. Budget Review
4. Budget Execution
5. Budget Accountability
 FUNCTIONS OF LOCAL OFFICIALS
IN FISCAL ADMINISTRATION
Local Chief Executive
-Executive Direction
and Control
Local Sanggunian Composition of Local
-Taxing Authority Finance Cluster
-Enactment of Policies, -Assessor
Implementing Rules -Accountant
-Budget Officer
and Regulations
-Treasurer
-Planning & Development
 FISCAL POLICY OF THE
PHILIPPINES
FISCAL POLICY REFERS TO THE
MEASURES EMPLOYED BY GOVERNMENTS
TO STABILIZE THE ECONOMY,
SPECIFICALLY BY MANIPULATING THE
LEVELS AND ALLOCATIONS OF TAXES AND
GOVERNMENT EXPENDITURES. FISCAL
MEASURES ARE FREQUENTLY USED IN
TANDEM WITH MONETARY POLICY
TO ACHIEVE CERTAIN GOALS.
 PRINCIPAL AGENCIES TASKED
WITH FISCAL FUNCTIONS
1.CONGRESS (LOWER HOUSE)
-RESPONSIBLE FOR REVENUE AND EXPENDITURE
POLICIES.
-ASIDE FROM HAVING ITS CONCURRENCE ON EVERY
BILL IN ORDER TO BE PASSED FOR THE PRESIDENT’S
SIGNATURE TO BECOME A LAW, THE HOUSE OF
REPRESENTATIVES HAS THE POWER TO IMPEACH
CERTAIN OFFICIALS, AND ALL MONEY BILLS MUST
ORIGINATE FROM THE LOWER HOUSE
2. DEPARTMENT OF FINANCE

- REVENUE GENERATION AND COLLECTION

- FUND CUSTODY

- DISBURSEMENTS

- KEEPING OF ACCOUNTS
2.1 BUREAU OF INTERNAL REVENUE
MANDATE

COMPREHEND THE ASSESSMENT AND
COLLECTION OF ALL NATIONAL INTERNAL
REVENUE TAXES, FEES AND CHARGES AND
THE ENFORCEMENT OF ALL FORFEITURES,
PENALTIES, AND FINES CONNECTED
THEREWITH, INCLUDING THE EXECUTION OF
JUDGMENTS IN ALL CASES DECIDED IN ITS
FAVOR BY THE COURT OF TAX APPEALS AND
THE ORDINARY COURTS
2.2 BUREAU OF CUSTOMS
FUNCTIONS:
-THE PREVENTION AND SUPPRESSION OF
SMUGGLING AND OTHER FRAUDS UPON THE
CUSTOMS
-THE SUPERVISION AND CONTROL OVER THE
ENTRANCE AND CLEARANCE OF VESSELS AND
AIRCRAFT ENGAGED IN FOREIGN COMMERCE
-THE ENFORCEMENT OF THE TARIFF AND
CUSTOMS LAWS AND ALL OTHER LAWS, RULES
AND REGULATIONS RELATING TO THE TARIFF AND
CUSTOMS ADMINISTRATION
-THE SUPERVISION AND CONTROL OVER
THE HANDLING OF FOREIGN MAILS
ARRIVING IN THE PHILIPPINES, FOR
THE PURPOSE OF THE COLLECTION OF
THE LAWFUL DUTY ON THE DUTIABLE
ARTICLES THUS IMPORTED AND THE
PREVENTION OF SMUGGLING THROUGH
THE MEDIUM OF SUCH MAILS;
2.3 BUREAU OF THE TREASURY

TREASURER OF THE PHILIPPINES

MANDATE (UNDER EXECUTIVE ORDER NO. 449)

-ASSIST IN THE FORMULATION OF POLICIES

IN BORROWING, INVESTMENT AND CAPITAL MARKET
DEVELOPMENT

-FORMULATE ADEQUATE OPERATION GUIDELINES FOR

FISCAL AND FINANCIAL POLICIES
-ASSIST IN THE PREPARATION OF BY THE
GOVERNMENT AGENCIES CONCERNED OF AN
ANNUAL PROGRAM FOR REVENUE AND
EXPENDITURE TARGETS, BORROWING LEVELS AND
CASH BALANCES OF THE NATIONAL GOVERNMENT

-ACT AS PRINCIPAL CUSTODIAN OF FINANCIAL

ASSETS OF THE NATIONAL GOVERNMENT, ITS
AGENCIES AND INSTRUMENTALITIES
3. DEPARTMENT OF BUDGET AND MANAGEMENT

-REVIEW OF ESTIMATES AND FISCAL POLICY STUDIES

IN CLOSE CONSULTATION WITH THE NATIONAL
ECONOMIC DEVELOPMENT AUTHORITY
-ACCOUNTABLE FOR CARRYING OUT THE
PRESIDENT’S RESPONSIBILITY OF PREPARING THE
BUDGET
-FORMULATE AND IMPLEMENT THE NATIONAL
BUDGET AND ENSURING THE EFFICIENT AND SOUND
UTILIZATION OF GOVERNMENT RESOURCES TO
ACHIEVE THE COUNTRY’S DEVELOPMENT
OBJECTIVES
4. COMMISSION ON AUDIT

*CONDUCTS FUND AND PERFORMANCE AUDIT TO SEE

IT THAT EXPENDITURES ARE IN ACCORDANCE WITH
THE APPROPRIATION LAW APPROVED.
*PROMULGATE ACCOUNTING AND AUDITING RULES
AND REGULATIONS INCLUDING THOSE FOR THE
PREVENTION AND DISALLOWANCE OF IRREGULAR,
UNNECESSARY, EXCESSIVE, EXTRAVAGANT OR
UNCONSCIONABLE EXPENDITURES, OR USES OF
GOVERNMENT FUNDS AND PROPERTIES
*SUBMIT ANNUAL REPORTS TO THE PRESIDENT AND
THE CONGRESS ON THE FINANCIAL CONDITION AND
OPERATION OF THE GOVERNMENT
5. NATIONAL ECONOMIC AND DEVELOPMENT
AUTHORITY

*PROVIDES HIGH-LEVEL ADVICE TO POLICY MAKERS IN

CONGRESS AND EXECUTIVE BRANCH
*REVIEW, EVALUATION, AND MONITORING OF
INFRASTRUCTURE PROJECTS IDENTIFIED UNDER THE
COMPREHENSIVE AND INTEGRATED INFRASTRUCTURE
PROGRAM(CIIP)CONSISTENT WITH THE GOVERNMENT’S
THRUST OF INCREASING INVESTMENT SPENDING FOR
THE GROWING DEMAND ON QUALITY INFRASTRUCTURE
FACILITIES
*UNDERTAKING OF SHORT TERM POLICY REVIEWS TO
PROVIDE CRITICAL ANALYSES OF DEVELOPMENT ISSUES
AND POLICY ALTERNATIVES TO DECISION-MAKERS.
6. BANGKO SENTRAL NG PILIPINAS
RESPONSIBILITIES

*THE BSP PROVIDES POLICY DIRECTIONS IN THE

AREAS OF MONEY, BANKING AND CREDIT. IT
SUPERVISES OPERATIONS OF BANKS AND EXERCISES
REGULATORY POWERS OVER NON-BANK FINANCIAL
INSTITUTIONS WITH QUASI-BANKING FUNCTIONS.

*THE BSP FORMULATES AND IMPLEMENTS

MONETARY POLICY AIMED AT INFLUENCING MONEY
SUPPLY CONSISTENT WITH ITS PRIMARY OBJECTIVE
TO MAINTAIN PRICE STABILITY
*THE BSP HAS THE EXCLUSIVE POWER TO ISSUE
THE NATIONAL CURRENCY. ALL NOTES AND COINS
ISSUED BY THE BSP ARE FULLY GUARANTEED BY
THE GOVERNMENT AND ARE CONSIDERED LEGAL
TENDER FOR ALL PRIVATE AND PUBLIC DEBTS.
7. EXTERNAL FORCES

A. INTERNATIONAL MONETARY FUND

B. THE WORLD BANK
C. ASIAN DEVELOPMENT BANK
D. DEVELOPMENT BUDGET COORDINATION
COMMITTEE
Thank you.