Search results
Results from the WOW.Com Content Network
The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala) [1] is an executive body under the Office of the President of the Philippines.It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government 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 ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
dof.gov.ph The secretary of finance ( Filipino : kalihim ng pananalapi ) is the cabinet of the Philippines member in charge of the Department of Finance . The current secretary is Ralph Recto , who was appointed to office on January 12, 2024.
In 1900, the First Philippine Commission passed Act No. 52, [5] [6] which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity.
Budget Commission → Ministry of Budget and Management (1978) National Science and Technology Authority → Department of Science and Technology (1987); Office of Energy Affairs → Department of Energy (1992)
According to the Administrative Code of 1987, the following are the powers and functions of a secretary: [2] Advise the president in issuing executive orders, regulations, proclamations and other issuances, the promulgation of which is expressly vested by law in the president relative to matters under the jurisdiction of the department;
By convention, the risk-free interest rate is the yield that the investor can obtain by acquiring financial instruments with no default risk. In practice, finance professionals and academics classify government bonds denominated in the domestic currency of the issuing government as risk free because of the extremely low probability that the government will default on its own debt.