PUBLIC FISCAL

ADMINISTRATION: AN
INTRODUCTION
 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.

 FOR EXAMPLE, LOCAL FISCAL ADMINISTRATION FOR A TOWN OR MUNICIPALITY

INVOLVES RECEIVING, BUDGETING, AND DISPERSING MONIES TO SUPPORT LOCAL
INFRASTRUCTURE. IN TERMS OF GOVERNMENTAL ADMINISTRATION,
FISCAL RESPONSIBILITY NECESSITATES NUMEROUS DEPARTMENTS OR DIVISIONS
TO MANAGE THE LARGE TASK OF FUNDING GOVERNMENT OPERATIONS. EACH
DIVISION OR DEPARTMENT CARRIES RESPONSIBILITY FOR DIFFERENT ASPECTS
SUCH AS BUDGETING, REPORTING, COLLECTING REVENUES IN THE FORM OF FEES
AND TAXES OR PURCHASING.

 PUBLIC FISCAL ADMINISTRATION GENERALLY REFERS TO THE FORMULATION,

IMPLEMENTATION & EVALUATION OF POLICIES & DECISIONS ON: TAXATION &
REVENUE ADMINISTRATION; RESOURCE ALLOCATION, BUDGETING & PUBLIC
EXPENDITURE; PUBLIC BORROWING & DEBT MANAGEMENT; ACCOUNTING &
AUDITING.
FISCAL ADMINISTRATION STRUCTURE

Top
Management
Level
Middle Management

Rank and File

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 -Budget Officer
Rules 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.
 MAJOR ACTIVITIES IN PUBLIC FISCAL
ADMINISTRATION

1. FISCAL POLICY FORMULATION

2. TAXATION AND REVENUE ADMINISTRATION
3. BUDGETING AND EXPENDITURE
4. PUBLIC BORROWING AND DEBT MANAGEMENT
5. STATE ACCOUNTING
6. STATE AUDITING
 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

SPEAKER
FERDINAND MARTIN G. ROMUALDEZ, LEYTE
 IS THE FOURTH HIGHEST OFFICIAL IN THE PHILIPPINES GOVERNMENT;
 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

DEPUTY SPEAKERS
GLORIA MACAPAGAL-ARROYO, PAMPANGA 2 ND DISTRICT
ISIDRO T. UNGAB, DAVAO 3RD DISTRICT
ROBERTO V. PUN, ANTIPOLO CITY 1ST DISTRICT
KRISTINE SINGSON-MEEHAN, ILOCOS SUR 2ND DISTRICT
CAMILLE A. VILLAR, LAS PINAS CITY LONE DISTRICT
RALPH G. RECTO, BATANGAS 6TH DISTRICT
AURELIO D. GONZALES JR., PAMPANGA 3 RD DISTRICT
VINCENT FRANCO D. FRASCO, CEBU 5TH DISTRICT

 ASSUMES THE DUTIES AND POWERS OF THE SPEAKER WHEN HE IS ABSENT OR INCAPACITATED .
 HOUSE OF REPRESENTATIVES OFFICIALS
MAJORITY LEADER
MANUEL JOSE M. DALIPE, ZAMBOANGA CITY 2 ND DISTRICT

 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.

MINORITY LEADER
MARCELINO C. LIBANAN, 4PS PARTYLIST

 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.
 HOUSE OF REPRESENTATIVES OFFICIALS
SECRETARY-GENERAL
REGINALD S. VELASCO

 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.

SERGEANT-AT-ARMS
NAPOLEON C. TAAS

 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.
 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;