Fiscal administration involves managing government finances, including budgets, revenues, and expenditures. In the Philippines, key agencies involved in fiscal administration include the Department of Finance, which handles revenue collection, treasury functions, and accounting; the Department of Budget and Management, which formulates the national budget; the Commission on Audit, which conducts audits; and the Bangko Sentral ng Pilipinas (central bank), which formulates monetary policy. The budget process involves the President submitting a budget to Congress, which then authorizes funding through various phases of review, execution, and accountability. External institutions like the IMF and World Bank also provide guidance and funding support.

1. PUBLIC FISCAL
ADMINISTRATION

2. 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

3. FISCAL ADMINISTRATION STRUCTURE
Top Management
Level
Middle Management
Rank and File

4. 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.

5. FIVE MAJOR PHASES IN THE BUDGET PROCESS
1. Budget
Preparation
2. Budget
Authorization
3. Budget
Review
4. Budget
Execution
5. Budget
Accountability

6. FUNCTIONS OF LOCAL OFFICIALS IN FISCAL
ADMINISTRATION
Local Chief Executive
- Executive Direction and Control
Composition of Local Finance Cluster
- Assessor
- Accountant
-Budget Officer
- Treasurer
- Planning and Development Officer
Local Sanggunian
-Taxing Authority
- Enactment of Policies, Implementing Rules
and Regulations

7. HISTORICAL BACKGROUND
 MARCH 17, 1897 – DEPARTMENT OF FINANCE WAS ESTABLISHED AND THE
REVOLUTIONARY GOVERNMENT WAS FOUNDED IN NAIC, CAVITE
 1901 – THE DEPARTMENT OF FINANCE AND JUSTICE WAS FORMALLY ORGANIZED BY
VIRTUE OF AN ACT PASSED BY THE CIVIL SERVICE COMMISSION WHICH WAS HEADED
BY WILLIAM HOWARD TAFT
 1916 – THROUGH THE REORGANIZATION ACT NO. 2666 OF THE PHILIPPINE
LEGISLATURE, THE DEPARTMENT OF FINANCE AND JUSTICE WAS SPLIT INTO TWO
INDEPENDENT DEPARTMENTS
 1936 – DOF FUNCTIONS RELATIVE TO THE FORMULATION AND PREPARATION OF
THE GOVERNMENT’S BUDGET WERE TRANSFERRED TO THE NEWLY CREATED BUDGET
COMMISSION

8. HISTORICAL BACKGROUND
1949 – CENTRAL BANK OF THE PHILIPPINES WAS ESTABLISHED, SECRETARY,
SECRETARY OF FINANCE MIGUEL CUADERNO RELINQUISHED THE FINANCE
PORTFOLIO PIO PEDROSA TO ENABLE HIM TO SERVE AS GOVERNOR OF THE
CENTRAL BANK
1987 – MINISTRY OF FINANCE WAS REVERTED TO A DEPARTMENT FOLLOWING
THE RATIFICATION OF THE 1987 CONSTITUTION
1988 – THE VALUE ADDED TAX WAS INTRODUCED AND REPLACED A
COMPLICATED TAX STRUCTURE

9. 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.

10. 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

11. HOUSE OF REPRESENTATIVES OFFICIALS
1. SPEAKER (PANTALEON ALVAREZ OF PDP-LABAN, SINCE JULY 25,2016)
 IS THE FOURTH HIGHEST OFFICIAL IN THE PHILIPPINES GOVERNMENT. HE:
 PRESIDES OVER THE SESSIONS;
 DECIDES ON ALL QUESTIONS OF ORDER, SUBJECT TO APPEAL BY ANY MEMBER;
 SIGNS ALL ACTS, RESOLUTIONS, MEMORIALS, WRITS, WARRANTS AND SUBPOENAS
ISSUED BY OR UPON ORDER OF THE HOUSE;
 APPOINTS, SUSPENDS, DISMISSES OR DISCIPLINES HOUSE PERSONNEL; AND
 EXERCISES ADMINISTRATIVE FUNCTIONS.

12. HOUSE OF REPRESENTATIVES OFFICIALS
2. DEPUTY SPEAKERS (ERIC SINGSON, MERCEDES ALVAREZ, FREDENIL CASTRO, RANEO ABU, MIRO QUIMBO, PIA CAYETANO, GWENDOLYN GARCIA, MYLENE GARCIA-
ALBANO, AND SHARON GARIN)
 ASSUMES THE DUTIES AND POWERS OF THE SPEAKER WHEN HE IS ABSENT OR INCAPACITATED.
3. MAJORITY LEADER (RODOLFO FARIÑAS)
THE MAJORITY LEADER IS ELECTED IN A PARTY CAUCUS OF THE MAJORITY RULING PARTY. HIS PRIMARY FUNCTION, ASIDE FROM BEING THE SPOKESMAN OF THE
MAJORITY PARTY, IS TO DIRECT THE DELIBERATIONS ON THE FLOOR.
4. MINORITY LEADER (DANILO E. SUAREZ)
 THE MINORITY LEADER IS THE ACKNOWLEDGED SPOKESMAN OF THE MINORITY PARTY IN THE HOUSE. BUT IT DOES NOT NECESSARILY FOLLOW THAT HE IS ALSO
THE LEADER OF THE PARTY BECAUSE THE MINORITY PARTY IN THE HOUSE MAY BE COMPOSED OF ONE OR MORE POLITICAL GROUPINGS.
5. SECRETARY GENERAL
 CARRIES OUT AND ENFORCES ORDERS AND DECISIONS OF THE HOUSE;
 KEEPS THE JOURNAL OF EACH SESSION;
 NOTES ALL QUESTIONS OF ORDER TOGETHER WITH THE DECISIONS THEREON;
 COMPLETES THE PRINTING AND DISTRIBUTION OF THE RECORDS OF THE HOUSE;
 SUBMITS TO THE SPEAKER ALL CONTRACTS AND AGREEMENTS FOR HIS APPROVAL;
 ACTS AS THE CUSTODIAN OF THE PROPERTY AND RECORDS OF THE HOUSE AND ALL OTHER GOVERNMENT PROPERTY IN ITS PREMISES;
 SUBJECT TO THE SUPERVISION AND CONTROL OF THE SPEAKER, THE SECRETARY GENERAL IS THE IMMEDIATE CHIEF OF THE PERSONNEL OF THE HOUSE AND IS
RESPONSIBLE FOR THE FAITHFUL AND PROPER PERFORMANCE OF THEIR OFFICIAL DUTIES.
6. SERGEANT-AT-ARMS
 MAINTAINS ORDER IN THE HOUSE OF REPRESENTATIVES BUILDING COMPLEX;
 ENFORCES HOUSE RULES;
 PROTECTS THE LIVES OF OFFICERS AND MEMBERS OF THE HOUSE, ITS PERSONNEL AND GUESTS AS WELL AS PROPERTIES FOUND THEREIN.

13. 2. DEPARTMENT OF FINANCE
REVENUE GENERATION AND COLLECTION
FUND CUSTODY
DISBURSEMENTS
KEEPING OF ACCOUNTS

14. 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
MANAGEMENT COMMITTEE
 CAESAR R. DULAY – COMMISSIONER OF INTERNAL REVENUE
 NESTOR S. VALEROSO – DEPUTY COMMISSIONER
 JESUS CLINT O. ARANAS – DEPUTY COMMISSIONER (LEGAL GROUP)
 LANEE C. DAVID – DEPUTY COMMISSIONER (INFORMATION SYSTEMS GROUP)
 CELIA C. KING – DEPUTY COMMISSIONER (RESOURCE MANAGEMENT GROUP)

15. 2.2
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;

16. 2.3 BUREAU OF THE TREASURY
 ROSALIA V. DE LEON – 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

17. 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

18. 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

19. 5. NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY
PROVIDES HIGH-LEVEL ADVICE TO POLICYMAKERS 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

20. 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.

21. BSP’S ORGANIZATIONAL STRUCTURE

22. 7. EXTERNAL FORCES
A. INTERNATIONAL MONETARY FUND
ENSURE THE STABILITY OF THE INTERNATIONAL MONETARY SYSTEM
PROVIDE LOANS TO MEMBER COUNTRIES EXPERIENCING ACTUAL OR POTENTIAL
BALANCE OF PAYMENTS PROBLEMS
SEEKS TO BUILD ON SYNERGIES BETWEEN THE TECHNICAL ASSISTANCE AND
TRAINING TO MAXIMIZE THEIR EFFECTIVENESS

23. B.
 STRENGTHENS PUBLIC FINANCIAL MANAGEMENT, IMPROVES FISCAL TRANSPARENCY
AND FINANCIAL ACCOUNTABILITY, AND SUPPORTS GREATER CITIZEN DEMAND FOR
GOVERNMENT ACCOUNTABILITY
 THE MOST RECENT PROJECT APPROVED BY THE WORLD BANK BOARD OF EXECUTIVE
DIRECTORS IS THE METRO MANILA BUS RAPID TRANSIT PROJECT. THE BANK IS
WORKING WITH THE NEW GOVERNMENT IN THE PREPARATION OF PROJECTS IN THE
AREAS OF CLIMATE CHANGE (METRO MANILA FLOOD MANAGEMENT), GOVERNANCE
(E-GOVERNMENT TRANSFORMATION AND CUSTOMS AND TRADE MODERNIZATION),
AGRICULTURE (INCLUSIVE PARTNERSHIP FOR AGRICULTURAL COMPETITIVENESS),
AND POLICY-BASED LENDING (FISCAL TRANSPARENCY DPL).

24. C. ASIAN DEVELOPMENT BANK
ADB AIMS TO FOCUS SUPPORT IN THE AREAS OF SUSTAINABLE AND CLIMATE
RESILIENT INFRASTRUCTURE, GOOD GOVERNANCE AND FINANCE, EMPLOYMENT
AND EDUCATION, AND REGIONAL INTEGRATION.
FUTURE ADB ASSISTANCE TO THE PHILIPPINES WILL BE CLOSELY ALIGNED WITH
THE LONG-TERM VISION OF THE PHILIPPINES TOWARDS 2040 (AMBISYON NATIN
2040) AS WELL AS THE PHILIPPINE DEVELOPMENT PLAN FOR 2017–2022 BY THE
NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY.
ADB IS ONE OF THE COUNTRY’S LARGEST SOURCES OF OFFICIAL DEVELOPMENT
ASSISTANCE, WITH AVERAGE ANNUAL LENDING OF $745 MILLION IN THE PAST
10 YEARS.

25. 8. DEVELOPMENT BUDGET COORDINATION
COMMITTEE
 THE DBCC WAS CREATED ON MAY 14, 1970 THROUGH THE EXECUTIVE ORDER
NO. 232 CREATING THE PRESIDENTIAL DEVELOPMENT BUDGET COMMITTEE
(PDBC).
LATER, ON MARCH 1, 1972, THE INTEGRATED REORGANIZATION PLAN
RENAMED THE PDBC TO ITS CURRENT APPELLATION AND ATTACHED IT TO THE
NEDA. IN THE SAME YEAR ON SEPTEMBER 22, PRESIDENTIAL DECREE (PD) NO.
136 WAS ISSUED TO REORGANIZE THE NEDA INCLUDING THE DBCC TO ITS
COMPOSITION TODAY.

26. FUNCTIONS OF THE DBCC
 RECOMMEND FOR THE PRESIDENTIAL APPROVAL THE LEVEL OF THE ANNUAL
GOVERNMENT EXPENDITURE PROGRAM AND THE CEILING OF GOVERNMENT
SPENDING FOR ECONOMIC AND SOCIAL DEVELOPMENT, NATIONAL DEFENSE,
GENERAL GOVERNMENT AND DEBT SERVICE
RECOMMEND TO THE PRESIDENT THE PROPER ALLOCATION OF EXPENDITURES
FOR EACH DEVELOPMENT ACTIVITY BETWEEN CURRENT OPERATING
EXPENDITURES AND CAPITAL OUTLAY
RECOMMEND TO THE PRESIDENT THE AMOUNT SET TO BE ALLOCATED FOR
CAPITAL OUTLAY UNDER EACH DEVELOPMENT ACTIVITY FOR VARIOUS CAPITAL
OR INFRASTRUCTURE PROJECTS

27. BUREAU OF LOCAL GOVERNMENT FINANCE
 PROVIDE CONSULTATIVE SERVICES AND TECHNICAL ASSISTANCE TO THE LOCAL GOVERNMENTS AND
THE GENERAL PUBLIC ON LOCAL TAXATION, REAL PROPERTY ASSESSMENT AND OTHER RELATED
MATTERS
 ADMINISTER THE DOF COMPONENTS OF FOREIGN-ASSISTED PROJECTS INVOLVING LOCAL
GOVERNMENTS AND THE MUNICIPAL DEVELOPMENT FUND ESTABLISHED UNDER PD 1914
 ADMINISTER THE INTERNAL AFFAIRS OF THE BUREAU AND EXERCISE DIRECT SUPERVISION OVER ITS
OFFICIALS AND PERSONNEL.
 REVIEW/APPROVE PURSUANT TO EXISTING DEPARTMENT ORDERS WORK OUTPUTS ON THE OFFICES,
SERVICES AND DIVISIONS COMPRISING THE BUREAU.
 REPRESENT THE DEPARTMENT IN INTER-AGENCY POLICY AND TECHNICAL COMMITTEES
CONCERNING LOCAL GOVERNMENTS OR LOCAL FINANCE MATTERS.

29. CREATED ON DECEMBER 6, 2000 BY VIRTUE OF EXECUTIVE ORDER NO. 323
RESPONSIBLE FOR FORMULATING POLICIES AND GENERAL GUIDELINES ON
PRIVATIZATION ISSUES, IDENTIFYING DISPOSABLE ASSETS, MONITORING THE
PROGRESS OF PRIVATIZATION ACTIVITIES AND APPROVING THE SALE OR
DIVESTMENT OF ASSETS WITH RESPECT TO PRICE AND BUYER

30. I
MANDATE
 TO REGULATE AND SUPERVISE THE INSURANCE, PRE-NEED, AND HMO INDUSTRIES IN
ACCORDANCE WITH THE PROVISIONS OF THE INSURANCE CODE, AS AMENDED, PRE-
NEED CODE OF THE PHILIPPINES, EXECUTIVE ORDER NO. 192 (S. 2015)
 LICENSING OF INSURANCE, REINSURANCE COMPANIES, ITS INTERMEDIARIES, MUTUAL
BENEFIT ASSOCIATIONS, TRUSTS FOR CHARITABLE USES, PRE-NEED COMPANIES,
PRE-NEED INTERMEDIARIES, AND HMO COMPANIES
 REVIEW OF PREMIUM RATES IMPOSED BY LIFE AND NON-LIFE COMPANIES, MUTUAL
BENEFIT ASSOCIATIONS; STATISTICAL REPORTS OF ADJUSTERS TO DETERMINE
COMPLIANCE WITH ESTABLISHED STANDARDS

31. BUREAU OF LOCAL GOVERNMENT FINANCE
 CONDUCT CONTINUING RESEARCH IN TAXATION “TO RESTRUCTURE THE TAX SYSTEM AND
RAISE THE LEVEL OF TAX CONSCIOUSNESS AMONG OUR PEOPLE TO ACHIEVE A FASTER RATE
OF ECONOMIC GROWTH AND TO BRING ABOUT A MORE EQUITABLE DISTRIBUTION OF WEALTH
AN INCOME
 UNDERTAKE A COMPREHENSIVE STUDY OF THE NEED FOR ADDITIONAL REVENUE FOR
ACCELERATED NATIONAL DEVELOPMENT AND THE SOURCES FROM WHICH THIS MIGHT MOST
EQUITABLY DERIVED
 TO RE-EXAMINE THE EXISTING TAX SYSTEM AND TAX POLICY STRUCTURE
 TO PASS UPON ALL MEASURES AND REVENUE PROPOSALS
 TO RECOMMEND SUCH REFORMS AND REVISIONS AS MAY BE NECESSARY TO IMPROVE REVENUE
COLLECTION AND TO FORMULATE SOUND TAX POLICY AND A MORE EFFICIENT TAX
STRUCTURE

32.  ANY OWNER OR PERSON HAVING LEGAL INTEREST IN THE PROPERTY WHO IS
NOT SATISFIED WITH THE ACTION OF THE PROVINCIAL, CITY OR MUNICIPAL
ASSESSOR IN THE ASSESSMENT OF HIS PROPERTY MAY, WITHIN SIXTY (60) DAYS
FROM THE DATE OF RECEIPT OF THE WRITTEN NOTICE OF ASSESSMENT, APPEAL
TO THE BOARD OF ASSESSMENT APPEALS OF THE PROVINCE OR CITY BY FILING A
PETITION UNDER OATH IN THE FORM PRESCRIBED FOR THE PURPOSE, TOGETHER
WITH COPIES OF THE TAX DECLARATIONS AND SUCH AFFIDAVITS OR
DOCUMENTS SUBMITTED IN SUPPORT OF THE APPEAL

33. PDIC IS A GOVERNMENT INSTRUMENTALITY CREATED IN 1963 BY REPUBLIC ACT
3591, AS AMENDED TO INSURE THE DEPOSITS OF ALL BANKS. PDIC EXISTS TO
PROTECT DEPOSITORS BY PROVIDING DEPOSIT INSURANCE COVERAGE FOR THE
DEPOSITING PUBLIC AND HELP PROMOTE FINANCIAL STABILITY
PDIC IS TASKED TO STRENGTHEN THE MANDATORY DEPOSIT INSURANCE
COVERAGE SYSTEM TO GENERATE, PRESERVE, MAINTAIN FAITH AND
CONFIDENCE IN THE COUNTRY’S BANKING SYSTEM; AND PROTECT IT FROM
ILLEGAL SCHEMES AND MACHINATIONS

34. CORPORATE OBJECTIVES AND FUNCTIONS
PURSUANT TO PRESIDENTIAL DECREE NO. 1080 AS AMENDED BY REPUBLIC ACT NO. 8494, PHILEXIM’S EXPANDED FUNCTIONS ARE THE FOLLOWING:
 TO PROMOTE AND FACILITATE THE ENTRY OF FOREIGN LOANS INTO THE COUNTRY FOR DEVELOPMENT PURPOSES HAVING SPECIAL REGARD TO
THE NEEDS OF EXPORT-ORIENTED INDUSTRIES, INDUSTRIES REGISTERED WITH THE BOARD OF INVESTMENTS, PUBLIC UTILITIES, AND INDUSTRIES
THE PROMOTION OF WHICH IS ENCOURAGED BY GOVERNMENT POLICY;
 TO GUARANTEE LOANS GRANTED BY PHILIPPINE BANKING AND FINANCIAL INSTITUTIONS TO QUALIFIED EXPORTERS, PRODUCERS OF EXPORT
PRODUCTS, AND CONTRACTORS WITH APPROVED SERVICE CONTRACTS ABROAD;
 TO FACILITATE AND ASSIST IN THE IMPLEMENTATION OF APPROVED SERVICE CONTRACTS ABROAD ENTERED INTO BY PHILIPPINE ENTITIES,
ENTERPRISES, OR CORPORATIONS WITH FOREIGN EXCHANGE EARNING POTENTIALS, BY PROVIDING COUNTER-GUARANTEES TO PHILIPPINE BANKS
AND FINANCIAL INSTITUTIONS ISSUING STAND-BY LETTERS OF CREDIT OR OF LETTERS OF GUARANTEE FOR THE PERFORMANCE OF SAID SERVICE
CONTRACTS;
 TO MEET REQUESTS FROM DOMESTIC ENTITIES, ENTERPRISES, AND CORPORATIONS TO ASSIST THEM IN THE COORDINATION OF THEIR
DEVELOPMENT AND EXPANSION PLANS WITH A VIEW TO ACHIEVING BETTER UTILIZATION OF THEIR RESOURCES;
 TO PROVIDE INSURANCE COVER, CREDIT AND APPROPRIATE SERVICES TO FACILITATE THE EXPORT OF PHILIPPINE GOODS OR SERVICES BY ANY
ENTITY, ENTERPRISE OR CORPORATION ORGANIZED OR LICENSED TO ENGAGE IN BUSINESS IN THE PHILIPPINES;
 TO PROVIDE DIRECT CREDITS AND LOANS TO EXPORTERS OF PHILIPPINE GOODS AND SERVICES;
 TO PROVIDE TECHNICAL ASSISTANCE IN THE PREPARATION, FINANCING, EXECUTION OF DEVELOPMENT OR EXPANSION PROGRAMS, INCLUDING
THE FORMULATION OF SPECIFIC PROJECT PROPOSALS.
 TO UNDERTAKE SUCH ACTIONS THAT ARE CONSISTENT WITH THE PRIMARY PURPOSES OF THE CORPORATION.

35. GSIS
MANDATE
 CREATED BY COMMONWEALTH ACT NO. 186 AND REPUBLIC ACT NO. 8291 (GSIS ACT OF
1997), GSIS IS A SOCIAL INSURANCE INSTITUTION THAT PROVIDES A DEFINED BENEFIT SCHEME
UNDER THE LAW. IT INSURES ITS MEMBERS AGAINST THE OCCURRENCE OF CERTAIN
CONTINGENCIES IN EXCHANGE FOR THEIR MONTHLY PREMIUM CONTRIBUTIONS
 GSIS MEMBERS ARE ENTITLED TO AN ARRAY OF SOCIAL SECURITY BENEFITS, SUCH AS LIFE
INSURANCE BENEFITS, SEPARATION OR RETIREMENT BENEFITS, AND DISABILITY BENEFITS
 GSIS IS ALSO THE ADMINISTRATOR OF THE GENERAL INSURANCE FUND BY VIRTUE OF RA 656
(PROPERTY INSURANCE LAW). IT PROVIDES INSURANCE COVERAGE TO GOVERNMENT ASSETS
AND PROPERTIES THAT HAVE GOVERNMENT INSURABLE INTERESTS.

36.  FORMERLY KNOWN AS PUBLIC ESTATES AUTHORITY
 THE AUTHORITY IS HEREBY CREATED FOR THE FOLLOWING PURPOSES:
(A) TO RECLAIM LAND, INCLUDING FORESHORE AND SUBMERGED AREAS, BY
DREDGING, FILLING OR OTHER MEANS, OR TO ACQUIRE RECLAIMED LAND;
(B) TO DEVELOP, IMPROVE, ACQUIRE. ADMINISTER, DEAL IN, SUBDIVIDE, DISPOSE,
LEASE AND SELL ANY AND ALL KINDS OF LANDS, BUILDINGS, ESTATES AND OTHER
FORMS OF REAL PROPERTY, OWNED, MANAGED, CONTROLLED AND/OR OPERATED BY
THE GOVERNMENT.
(C) TO PROVIDE FOR, OPERATE OR ADMINISTER SUCH SERVICES AS MAY BE NECESSARY
FOR THE EFFICIENT, ECONOMICAL AND BENEFICIAL UTILIZATION OF THE ABOVE
PROPERTIES.

37. POWERS, FUNCTIONS AND RESPONSIBILITIES
 FORMULATE, ADOPT AND IMPLEMENT INTEGRATED AND COMPREHENSIVE PLANS AND PROGRAMS
ON COOPERATIVE DEVELOPMENT CONSISTENT WITH THE NATIONAL POLICY ON COOPERATIVES AND
THE OVERALL SOCIOECONOMIC DEVELOPMENT PLANS OF THE GOVERNMENT;
 REGISTER ALL COOPERATIVES AND THEIR FEDERATIONS AND UNIONS, INCLUDING THEIR DIVISION,
MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION. IT SHALL ALSO REGISTER THE TRANSFER
OF ALL OR SUBSTANTIALLY ALL OF THEIR ASSETS AND LIABILITIES AND SUCH OTHER MATTERS AS
MAY BE REQUIRED BY THE AUTHORITY;
 REQUIRE ALL COOPERATIVES, THEIR FEDERATIONS AND UNIONS TO SUBMIT THEIR ANNUAL
FINANCIAL STATEMENTS, DULY AUDITED BY CERTIFIED PUBLIC ACCOUNTANTS, AND GENERAL
INFORMATION SHEETS;
 ORDER THE CANCELLATION AFTER DUE NOTICE AND HEARING OF THE COOPERATIVE'S CERTIFICATE
OF REGISTRATION FOR NON-COMPLIANCE WITH ADMINISTRATIVE REQUIREMENTS AND IN CASES OF
VOLUNTARY DISSOLUTION;

38. THANK YOU
PRESENTED BY
MARIA BERNADETH B. QUISQUISAN