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Through the
Department's policies, which resulted in sound fiscal and monetary conditions, the Philippines was hailed as "Asia's Newest Tiger" by various international credit institutions and in 1997, the National Government recorded a budget surplus for the third consecutive year, and the public
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In the 1980s, as government policy turned increasingly interventionist in the economy, the
Ministry became the voice of caution. It spearheaded the creation of inter-agency committees to rationalize the otherwise free-for-all system of allocating government resources. The Investment Coordination
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which provided for a presidential form of government. Accordingly, the department was reorganized and its organizational structure, distribution of powers and functions, and coordination mechanisms were streamlined. In 1988, the Value Added Tax was introduced and replaced a complicated sales tax
290:(JCRA) maintained its credit rating of "BBB" for the Philippines’ long-term foreign currency and domestic currency long-term senior debts for the government's ability to manage its deficit and macro fundamentals. The rating is two notches higher than those of non-Asian rating agencies such as
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responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public sector debt, and the
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Committee (ICC) was created to rationalize government investments, the
Government Corporate Monitoring and Coordinating Committee (GCMCC) to reform the government corporate sector and the Fiscal to reverse the proliferation of the fiscal incentives.
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In 1936, DOF functions relative to the formulation and preparation of the
Government's budget were transferred to the newly created Budget Commission. The preparation of income and resource estimates remained with the department. In 1949, the
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was the first
Filipino appointed Secretary of Justice and Finance. In 1916, through Reorganization Act No. 2666 of the Philippine Legislature, the Department of Finance and Justice was split into two independent departments.
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was established, Secretary of
Finance Miguel Cuaderno relinquished the Finance portfolio to Pio Pedrosa to enable him to serve as Governor of the Central Bank.
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In 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
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rationalization, privatization and public accountability of corporations and assets owned, controlled or acquired by the government.
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The
Department of Finance was established on March 17, 1897, at the same time that the Revolutionary Government was founded in
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In 1987, the
Ministry of Finance was reverted to a department following the ratification of the
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sector generated its fiscal surplus since the sector started to be monitored in 1985.
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Joanne
Monique Kabigting, Head Executive Assistant, Office of the Secretary
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Assistant Secretary for Policy Development and Management Services Group
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513:"General Appropriations Act, FY 2021 - XI. Department of Finance"
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Assistant Secretary for Privatization and Corporate Affairs Group
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Undersecretary for Revenue Generation and Local Finance Group
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Undersecretary for Privatization and Corporate Affairs Group
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Assistant Secretary for Fiscal Policy and Monitoring Group
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Undersecretary for Revenue Integrity Protection Service
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Assistant Secretary for Information Management Service
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Undersecretary for Fiscal Policy and Monitoring Group
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List of the Secretaries of the Department of Finance
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Assistant Secretary for International Finance Group
350:Undersecretary for Information Management Service
16:Executive department of the Philippine government
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520:Department of Budget and Management, Philippines
425:Financial and Fiscal Policy and Planning Office
338:Undersecretary for International Finance Group
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228:was appointed Director of Finance by General
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362:Assistant Secretary for Legal Affairs Office
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529:from the original on January 19, 2024.
344:Undersecretary for Legal Affairs Group
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443:Revenue Integrity Protection Service
954:Department of Finance (Philippines)
545:Department of Finance (Philippines)
438:Privatization and Management Office
431:International Finance Policy Office
422:Central Financial Management Office
371:Assistant Secretary/Chief Economist
21:Department of Budget and Management
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399:Bureau of Local Government Finance
323:Secretary of Finance (Philippines)
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59:Flag of the Department of Finance
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930:14.561466°N 120.987244°E
559:"Cluster & Agencies"
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86:; 127 years ago
35:Kagawaran ng Pananalapi
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428:Internal Audit Service
405:Bureau of the Treasury
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664:Budget and Management
563:Department of Finance
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185:Department of Finance
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201:executive department
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241:William Howard Taft
226:Baldomero Aguinaldo
112:Pablo Ocampo Street
84:April 17, 1897
76:Department overview
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866:Trade and Industry
261:Cesar E. A. Virata
259:In 1970, Minister
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669:Secretaries
657:Secretaries
652:Agriculture
645:Secretaries
279:structure.
148:Ralph Recto
104:BSP Complex
948:Categories
918:14°33′41″N
499:References
224:. General
91:1897-04-17
676:Education
199:) is the
152:Secretary
122:Employees
568:July 16,
524:Archived
193:Filipino
854:Tourism
777:Justice
712:Finance
414:Offices
381:Bureaus
376:Offices
292:Moody's
212:History
203:of the
164:Website
110:corner
89: (
736:Health
688:Energy
468:(NTRC)
456:(CBAA)
401:(BLGF)
298:, and
222:Cavite
134:₱16.01
116:Manila
81:Formed
527:(PDF)
516:(PDF)
489:(SEC)
483:(PTA)
440:(PMO)
407:(BTr)
395:(BOC)
389:(BIR)
300:Fitch
570:2019
462:(IC)
218:Naic
183:The
173:.gov
171:.dof
125:3000
189:DOF
175:.ph
169:www
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187:(
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