Philippine Standard Time
Sunday, January 26, 2020 4:27 PM

Philippine Standard Time
Sunday, January 26, 2020 4:27 PM

Regulatory Agencies | Department of Finance

Department of Finance

The DOF is the government’s steward of sound fiscal policy. It formulates revenue policies that will ensure funding of critical government programs that promote welfare among our people and accelerate economic growth and stability.

MANDATE

Under Executive Orders 127, 127-A and 292, the Department of Finance is responsible for the following:

Formulation, institutionalization and administration of fiscal policies in coordination with other concerned subdivisions, agencies and instrumentalities of the government;

Generation and management of the financial resources of government;

Supervision of the revenue operations of all local government units;

Review, approval and management of all public sector debt, domestic or foreign; and

Rationalization, privatization and public accountability of corporations and assets owned, controlled or acquired by the government.

MISSION

Our economy must be one of the most dynamic and active in the world, globally competitive and onward looking. The DOF shall take the lead in providing a solid foundation for the achievement of this objective, by building a strong fiscal position, through the following:

Formulation, institutionalization and administration of sound fiscal policies;

Improvement of tax collection efficiency;

Mobilization of adequate resources on most advantageous terms to meet budgetary requirements;

Sound management of public sector debt; and

Initiation and implementation of structural and policy reforms

VISION

•A strong economy with stable prices and strong growth;

•A stable fiscal situation with adequate resources for government projects and budgetary which could be adequately financed;

•A borrowing program that is able to avoid the crowding-out effect on the private sector, and minimizes costs;

•A public sector debt profile with long maturities and an optimum mix of currencies that minimizes the impact of currency movements;

•A strong economic growth with equity and productivity

CONTACT INFORMATION

Address:

DOF Bldg., BSP Complex, Roxas Blvd., 1004 Metro Manila

Telephone No. 

+632-525-63244

(+632) 525.0244

DOF Call Center

Email Address: helpdesk@dof.gov.ph

Website: www.dof.gov.ph

Last updated on 06/01/2018