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;
General 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.
Powers an Functions
Formulate goals, action plans and strategies for the Government’s resource mobilization effort;
Formulate, institutionalize and administer fiscal and tax policies;
Supervise, direct and control the collection of government revenues;
Act as custodian of, and manage all financial resources of Government
Manage public debt;
Review and coordinate policies, plans and programs of GOCCs;
Monitor and support the implementation of policies and measures on local revenue administration;
Coordinate with other government agencies on matters concerning fiscal, monetary, trade and other economic policies
Investigate and arrest illegal activities such as smuggling, dumping, illegal logging, etc. affecting national economic interest
