PUBLIC FISCAL ADMINISTRATION

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
FISCAL ADMINISTRATION STRUCTURE

Top Management
Level
Middle Management

Rank and File

 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.
FIVE MAJOR PHASES IN THE BUDGET PROCESS

1. Budget 2. Budget 3. Budget

Preparation Authorization Review

4. Budget 5. Budget
Execution Accountability
FUNCTIONS OF LOCAL OFFICIALS IN FISCAL
ADMINISTRATION
Local Chief Executive
- Executive Direction and Control

Composition of Local Finance Cluster

Local Sanggunian - Assessor
-Taxing Authority - Accountant
- Enactment of Policies, Implementing Rules -Budget Officer
and Regulations - Treasurer
- Planning and Development Officer
 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
 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
 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.
 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
 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.
 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.
2. DEPARTMENT OF FINANCE

 REVENUE GENERATION AND COLLECTION

 FUND CUSTODY
 DISBURSEMENTS
 KEEPING OF ACCOUNTS
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)
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;
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
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
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
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
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.
BSP’S ORGANIZATIONAL STRUCTURE
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
 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).
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.
 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.
 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
 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.
 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
 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
 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
 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
 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
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.
 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.
 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.
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;
 THANK YOU
PRESENTED BY

MARIA BERNADETH B. QUISQUISAN