Department of Finance

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Department of Finance
Kagawaran ng Pananalapi
DOF Seal.png
Established March 17, 1897
Secretary Cesar V. Purisima
Budget P12 billion (2012)
Website http://www.dof.gov.ph


The Philippines' Department of Finance (DOF) (Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine Government that formulates revenue policies that will ensure funding of critical government programs to promote welfare among people and accelerate economic growth and stability. The DOF is currently headed by Secretary Cesar V. Purisima.

Contents

History

The DOF was founded on 24 April 1897 by the Philippine Revolutionary Government, predating the establishment of the Philippine Republic.

Over the years, the DOF has gone through many structural and functional overhauls. Today, the tasks of revenue generation, resource mobilization, and fiscal management rest upon the DOF, keeping in mind the government's duty to provide the citizenry with infrastructure, education, health and other basic services.

Functions

The DOF is tasked to:

  • 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 the government
  • Manage public debt
  • Review and coordinate policies, plans, and programs of corporations owned and controlled by the government
  • 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 which may affect national economic interest

Organizational Structure and Key Officials

Office of the Secretary

  • Cesar V. Purisima, Secretary
  • Luis Razon-Abad, Chief of Staff

Corporate Affairs Group

  • John Philip J. Sevilla, Undersecretary
  • Soledad Emilia J. Cruz, Assistant Secretary
  • Charissa Hipolito, Director IV

Corporate Operations Office

  • Soledad Emilia J. Cruz, Assistant Secretary

Domestic Finance Group and Legislative Liaison

  • Jeremias N. Paul, Jr., Undersecretary

Domestic Finance Group and Legislative Liaison

  • Ma. Teresa S. Habitan, Assistant Secretary

Fiscal Policy and Planning Office

  • Stela B. Montejo, Director IV

Research and Information Office

  • Ma. Lourdes B. Recente, Assistant Secretary

Municipal Development Fund Office

  • Helen B. Habulan, Executive Director

International Finance Group

  • Rosalia V. De Leon, Undersecretary

International Finance Operations Office

  • Ma. Edita Tan, Director IV
  • Rommel Herrera, Director III

International Finance Policy Office

Policy Development and MGT Services Group

  • Gil S. Beltran, Undersecretary
  • Ma. Eleanor F. Dela Cruz,, Assistant Secretary

Central Administration Office

  • Lourdes Z. Santiago, Director IV

Central Financial Management Office

  • Ma. Lourdes V. Dedal, Director IV

CMIO – Information Systems Development Operations Division

  • Angelica Sarmiento, Director IV

Privatization and Office of Special Concerns

  • John Phillip P. Sevilla, Undersecretary

Privatization Office

  • John Phillip P. Sevilla, Undersecretary

Revenue Operations Group

  • Carlo A. Carag, Undersecretary

Revenue Office

  • Thelma A. Mariano, Director IV

Mabuhay Lane

One-stop-shop Tax Credit And Duty Drawback Center

  • Atty. Villamor Ventura S. Plan, Executive Director

Legal Affairs Office

  • Atty. Joanne Lim, Director IV
  • Atty. Fidel G. Condrada, Director III

Revenue Integrity Protection Service

  • Romeo Tomas, Director IV

Heads of the Finance Portfolio

Name Month started Month finished
Director of Finance
Baldomero Aguinaldo April 1897 November 1897
Secretaries of the Treasury
Mariano Trias July 15, 1898 May 9, 1899
Hugo Ilagan May 9, 1899 November 13, 1899
Secretaries of Finance and Justice
Henry Clay Ide September 1, 1901 September 24, 1906
James Francis Smith September 25, 1906 June 30, 1908
Gregorio Araneta July 1, 1908 October 30, 1913
Victorino Mapa November 1, 1913 January 14, 1917
Secretaries of Finance
Victorino Mapa January 1, 1917 January 14, 1917
Alberto Barreto January 14, 1917 July 17, 1923
Miguel Unson July 18, 1928 December 13, 1931
Vicente Carmona January 1, 1932 December 31, 1932
Rafael Alunan July 1, 1933 April 30, 1933
Vicente Encarnacion April 23, 1933 July 24, 1934
Elpidio Quirino July 25, 1934 February 18, 1936
Antonio de Las Alas February 19, 1936 November 15, 1938
Manuel Roxas November 26, 1938 August 28, 1941
Serafin Marabut August 21, 1941 December 29, 1941
Jose Abad Santos 1941 1942
Andres Soriano March 26, 1942 July 31, 1944
Jaime Hernandez August 8, 1944 May 27, 1946
Elpidio Quirino May 28, 1946 November 24, 1946
Miguel Cuaderno November 25, 1946 January 2, 1949
Pio Pedrosa January 5, 1949 September 12, 1951
Aurelio Montinola Sr. January 1952 December 1953
Jaime Hernandez December 1953 January 1960
Dominador Aytona January 25, 1960 December 29, 1961
Fernando Sison January 2, 1962 July 31, 1962
Rodrigo Perez August 1, 1962 January 7, 1964
Rufino Hechanova January 8, 1964 December 13, 1965
Eduardo Romualdez January 1, 1966 February 4, 1970
Cesar E. A. Virata February 9, 1970 June 2, 1978
Ministers of Finance
Cesar E. A. Virata June 2, 1978 March 3, 1986
Vacant March 3, 1986 March 26, 1986
Jaime V. Ongpin March 26, 1986 January 30, 1987
Secretaries of Finance
Jaime V. Ongpin January 30, 1987 September 14, 1987
Vicente Jayme September 15, 1987 December 1989
Jesus Estanislao January 1, 1990 June 30, 1992
Ramon del Rosario July 1, 1992 June 1, 1993
Roberto de Ocampo February 1, 1994 March 30, 1998
Salvador Enriquez April 1. 1998 June 30 1998
Ernest C. Leung June 2, 1993 January 31, 1994
Edgardo B. Espiritu July 1, 1998 December 31, 1999
Jose T. Pardo January 2, 2000 January 20, 2001
Alberto G. Romulo January 23, 2001 June 30,2001
Jose Isidro N. Camacho June 30, 2001 November 30, 2003
Juanita D. Amatong December 1, 2003 Feb. 14, 2005
Cesar V. Purisima Feb. 15, 2005 July 15, 2005 July 1, 2010 present
Margarito B. Teves July 22, 2005 June 30, 2010


Attached Agencies


References


Citation

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