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EXECUTIVE ORDER NO. 127 -
REORGANIZING THE MINISTRY OF FINANCE
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| RECALLING
that the reorganization of the government is mandated expressly in
Article II, Section 1 (a), and Article III of the Freedom
Constitution; HAVING IN MIND that pursuant to Executive Order No. 5 (1986), it is directed that the necessary and proper changes in the organizational and functional structures of the government, its agencies and instrumentalities, be effected in order to promote efficiency and effectiveness in the delivery of public services; BELIEVING that it is necessary to reorganize the Ministry of Finance to make it more capable and responsive, organizationally and functionally, in its primary mandate of judiciously generating and efficiently managing the financial resources of the Government, its sub-divisions and instrumentalities in order to attain the socio-economic objectives of the national development programs; NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by the sovereign will of the Filipino People and the Freedom Constitution, do hereby order: SECTION 1. Title. — This Executive Order shall otherwise be known as the Reorganization Act of the Ministry of Finance. SECTION 2. Reorganization. — The Ministry of Finance, hereinafter referred to as Ministry, is hereby reorganized, structurally and functionally, in accordance with the provisions of this Executive Order. SECTION 3. Declaration of Policy. — It is the policy of the State that the Ministry of Finance shall be primarily responsible for the sound and efficient management of the financial resources of the Government, its subdivisions, agencies and instrumentalities. SECTION 4. Mandate. — The Ministry shall be responsible for the formulation, institutionalization and administration of fiscal policies in coordination with other concerned subdivisions, agencies and instrumentalities of government. Moreover, the Ministry shall be responsible for the generation and management of the financial resources of government, ensuring that said resources are generated and managed judiciously and in a manner supportive of development objectives. The Ministry shall be responsible for the supervision of the revenue operations of all local government units, with the objective of making these entities less dependent on funding from the national government. Finally, the Ministry shall be responsible for the review, approval and management of all public sector debt, whether foreign or domestic, with the end in view of ensuring that all borrowed funds are effectively utilized and all such obligations are promptly serviced by the government. SECTION 5. Powers and Functions. — To accomplish its mandate the Ministry shall have the following powers and functions: (a)
In coordination with other concerned government agencies, formulate
long-range, medium term and annual plans covering the government’s
resource mobilization effort, involving all public sector resources
whether generated by revenues and operations, foreign and domestic
borrowing, sale or privatization of corporations or assets, or from
other sources; and supervise the implementation of such plans;
(b) Formulate, institutionalize and administer fiscal and tax policies; (c) Supervise, direct and control the collection of government revenues; (d) Act as custodian and manage all financial resources of the national government; (e) Undertake and supervise activities related to the negotiation, servicing and restructuring of domestic and foreign debt incurred or guaranteed by the government and its instrumentalities, including taking part in activities which affect the country’s capacity to service foreign debt; (f) Review and coordinate the policies, plans and programs of government financial institutions and thereafter recommend to them courses of action that dovetail these policies, plans and programs to national government fiscal policies, plans and programs; (g) Ensure the implementation of necessary policies and measures on local revenue administration; (h) Coordinate with other government agencies or matters concerning fiscal and monetary policies, credit, economic development, international finance, trade and investment; (i) Perform such other powers and functions as may be provided by law. SECTION 6. Minister of Finance. — The authority and responsibility for the exercise of the mandate of the Ministry and for the discharge of its powers and functions shall be vested in the Minister of Finance, hereinafter referred to as Minister, who shall have supervision and control of the Ministry and shall be appointed by the President. SECTION 7. Structural Organization. — The Ministry, aside from the Ministry Proper comprising the Office of the Minister, Offices of the Deputy and Assistant Ministers, the Economic Intelligence Investigation Bureau and the Services, consist of the Operations Groups and their constituent units, and Regional Offices. SECTION 8. Office of the Minister. — The Office of the Minister shall consist of the Minister, his deputies and their immediate staffs. SECTION 9. Deputy Ministers. — The Minister shall be assisted by five (5) Deputy Ministers appointed by the President upon the recommendation of the Minister, each of whom shall head, respectively, the Policy Development and Management Services Group mentioned in Section 11 hereof and the four (4) Operations Groups mentioned in Section 12 hereof. SECTION 10. Assistant Ministers. — The Minister shall also be assisted by five (5) Assistant Ministers appointed by the President upon the recommendation of the Minister. The respective assignments of the Ministers and the reporting procedures to be followed by them shall be determined by the Minister. SECTION 11. Policy Development and Management Services Group. — The Policy Development and Management Services Group, which shall be headed by a Deputy Minister, shall consist of the following: (a)
Planning and Policy Research Office;
(b) Central Management Information Office; (c) Central Administration Office; (d) Central Financial Management Office; (e) Public Information and Assistance Office; (f) Legal Office; (g) Regional Coordination Office. SECTION 12. Operations Groups. — The Operations Groups, each of which shall be headed by a Deputy Minister, shall consist of the following: (a)
Revenue Operations Group, composed of the following:
(1)
Bureau of Internal Revenue;
(2) Bureau of Customs; (3) Revenue Service; (4) Legal Service; (b) Domestic Operations Group, composed of the following: (1)
Bureau of Treasury;
(2) Bureau of Local Government Finance; (3) Financial and Fiscal Policy and Planning Office; (c) International Finance Group, composed of the following: (1)
International Finance Policy Office;
(2) International Finance Operations Office. SECTION 13. Planning and Policy Research Office. — The Planning and Policy Research Office shall have the following functions: (a)
Formulate long-range and annual projections of revenue needs, cash
position and borrowing capacity of the Government as basis for policy
decisions of the Ministry;
(b) Supervise policy research and development on fiscal and tax measures undertaken by the operating bureaus and offices of the Ministry; (c) Coordinate with other government agencies on policy research as it impacts on fiscal and tax measures; (d) Perform such other functions as may be assigned by the Minister or his deputies. SECTION 14. Composition.— The Planning and Policy Research Office shall be composed of the following: (a)
National Resource Planning Division;
(b) Policy Research and Coordination Division; (c) Statistical Development and Coordination Division; (d) Special Studies Division. SECTION 15. Central Management Information Office. — The Central Management Information Office shall have the following functions: (a)
Establish a Management Information System and sub-systems for
monitoring and evaluation of Ministry-wide programs and projects,
including those that are executed by operating Bureaus and Offices;
(b) Formulate policies, plans and procedures for data control and systems management; (c) Act as the central repository of existing and future computer files; (d) Perform such other appropriate functions as may be assigned by the Minister or his deputies. SECTION 16. Composition. — The Central Management Information Office shall be composed of the following: (a)
Project Monitoring and Evaluation Division;
(b) Data Control and Systems Management Division; (c) Data Encoding and Processing Division; (d) Computer Operating Division. SECTION 17. Central Administration Office. — The Central Administration Office shall have the following functions: (a)
Supervise Ministry-wide services relating to internal cash management,
personnel administration, property and supplies procurement and
custody; and maintenance of central files, and corresponding reporting
systems;
(b) Assist in the formulation of policies and guidelines on the management human and physical resources and general housekeeping activities for uniformity and standardization; (c) Serve as a center for the establishment and periodic evaluation of management operation systems, internal control and work outputs to determine Ministry-wide performance efficiency; (d) Design and develop training policies and guidelines, administer and evaluate training programs and, in coordination with external training institutions, screen and recommend to the Minister the participation of Ministry personnel in training programs, seminars and conferences in the country or abroad; (e) Ensure that Ministry-wide activities and efforts are focused towards a central direction as embodied in the national socio-economic development plans; (f) Perform such other appropriate functions as may be assigned by the Minister or his deputies. SECTION 18. Composition. — The Central Administration Office shall be composed of the following: (a)
Cash Management Division;
(b) Personnel Services Division; (c) General Services Division; (d) Management Systems and Performance Evaluation Division; (e) Central Records Management Division; (f) Human Resources Development Division; (g) Ministry Plans and Programs Division. All divisions enumerated above shall be replicated as sections or divisions under the Administration Division or Office, as the case may be, which each operating Bureau under the Ministry shall have. SECTION 19. Central Financial Management Office.— The Central Financial Management Office shall have the following functions: (a)
Supervise Ministry-wide activities relating to budget preparation and
management, Ministry accounting, and internal audit;
(b) Perform such other appropriate functions as may be assigned by the Minister or his deputies. SECTION 20. Composition. — The Central Financial Management Office shall be composed of the following: (a)
Budget Division;
(b) Accounting Division; (c) Audit Division. All divisions enumerated above shall be replicated as sections or divisions under the Financial Management Division or Office, as the case may be, which each operating Bureau of the Ministry shall have. SECTION 21. Public Information and Assistance Office. — The Public Information and Assistance Office shall have the following functions: (a)
Provide policy direction and guidance to the operating Bureaus and
Offices of the Ministry for the proper dissemination of appropriate
information on Ministry-wide program operations and activities;
(b) Provide the operating Bureaus and Offices with the general framework for rendering direct assistance to the general public; (c) Receive complaints and grievances from the general public; prepare referrals to concerned Bureaus and Offices and monitor responses or actions taken; (d) Perform such other appropriate functions as may be assigned by the Minister or Deputy Minister for Policy Development and Management Service. SECTION 22. Composition. — The Public Information and Assistance Office shall be composed of the following: (a)
Public Information Management Division;
(b) Public Assistance Management Division. SECTION 23. Legal Office. — The Legal Office shall have the following functions: (a)
Prepare draft opinions/rulings for signature of the Minister or his
deputy on matters elevated to it by the Bureaus and Offices of the
Ministry;
(b) Conduct legal researches on all matters referred to it by the Minister or his deputies; (c) Perform such other appropriate functions as may be assigned by the Minister or his deputies. SECTION 24. Composition. — The Legal Office shall be composed of the following: (a)
Legal Research Division;
(b) Opinions/Rulings Division. All divisions enumerated above shall be replicated as sections under the Legal Division, which each operating Bureau of the Ministry shall have. SECTION 25. Regional Coordination Office. — The function of the Regional Coordination Office is to coordinate the operations of the Regional Offices. SECTION 26. Economic Intelligence and Investigation Bureau.— The Economic Intelligence and Investigation Bureau, which shall be headed by and subject to the supervision and control of the Commissioner who shall be appointed by the President upon the recommendation of the Minister, shall have the following functions: (a)
Receive, gather and evaluate intelligence reports and information and
evidence on the nature, modes and extent of illegal activities
affecting the national economy, such as, but not limited to, economic
sabotage, smuggling, tax evasion, and dollar-salting, investigate the
same and aid in the prosecution of cases;
(b) Coordinate with external agencies in monitoring the financial and economic activities of persons or entities, whether domestic or foreign, which may adversely affect national financial interest with the goal of regulating, controlling or preventing said activities; (c) Provide all intelligence units of operating Bureaus or Offices under the Ministry with the general framework and guidelines in the conduct of intelligence and investigation works; (d) Supervise, monitor and coordinate all the intelligence and investigation operations of the operating Bureaus and Office under the Ministry; (e) Investigate, hear and file, upon clearance by the Minister, anti-graft and corruption cases against personnel of the Ministry and its constituent units; (f) Perform such other appropriate functions as may be assigned by the Minister or his deputies. SECTION 27. Composition. — The Economic and Investigation Bureau shall be composed of the following: (a)
Intelligence Office;
(b) Investigation and Prosecution Office; (c) Internal Inquiry and Prosecution Office; (d) Internal Administration Office. All offices enumerated above except the Internal Administration Office shall be replicated as divisions under the Intelligence and Investigation Office, which each operating Bureau of the Ministry shall have. SECTION 28. Bureau of Internal Revenue. — The Bureau of Internal Revenue, which shall be headed by and subject to the supervision and control of the Commissioner of Internal Revenue, who shall be appointed by the President upon the recommendation of the Minister and hereinafter referred to as Commissioner shall have the functions of assessing and collecting all taxes, fees and charges, accounting for all revenues collected, exercising duly delegated police powers, administering all legal requirements that are appropriate, preventing and prosecuting tax evasions and other illegal economic activities, exercising supervision and control over its constituent units, and performing such other functions as may be provided by law. The Commissioner of Internal Revenue with the approval of the Minister of Finance will draft and prepare the necessary rules and regulations as may be needed to delineate the authority and responsibility of the various groups and services of the Bureau. Letter of Instruction 204 which grants full authority to the Commissioner of Internal Revenue in matters of discipline and appointment of Internal Revenue personnel shall remain in effect. SECTION 29. Deputy Commissioners.— The Commissioner shall be assisted by two (2) Deputy Commissioners. Each Deputy Commissioner shall supervise one (1) of the Groups defined in Section 30 below, to be assigned by the Commissioner. SECTION 30. Composition. — The Bureau of Internal Revenue shall be composed of the following: (a)
Assessment and Collection Group, headed and supervised by a Deputy
Commissioner and composed of the following Services, each of which
shall be headed by a Service Chief:
(1)
Assessment Service, composed of the following:
(i)
National Audit Review Division;
(ii) Assessment Performance Control Division; (iii) Tax Credit/Refund Division; (2)
Collection Service, composed of the following;
(i)
Collection Enforcement Division;
(ii) Accounts Receivable/Billing Division; (iii) Collection Performance Evaluation Division; (iv) Withholding Tax Division; (3)
Excise Tax Service, composed of the following:
(i)
Alcohol Tax Division;
(ii) Oil and Miscellaneous Tax Division; (iii) Tabacco Tax Division; (iv) Field Operations Division; (v) BIR Laboratory; (4)
Special Operations Service composed of the following:
(i)
Industry Audit Division;
(ii) Banks, Financing and Insurance Division; (iii) International Tax Affairs Division; (iv) Value-Added Tax Division; (5)
Regional Offices
(b)
Legal and Internal Administration Group, headed and supervised by a
Deputy Commissioner and composed of the following Services, each of
which shall be headed by a Service Chief:
(1)
Legal Service, composed of the following:
(i)
Legislative, Ruling and Research Division;
(ii) Prosecution Division; (iii) Appellate Division; (iv) Litigation Division; (2)
Financial Service, composed of the following:
(i)
Revenue Accounting Division;
(ii) Budget Division; (iii) Disbursement Accounting Division; (iv) PO/CR Monitoring Division; (v) Statistical Analysis Division; (3)
Administrative Service, composed of the following:
(i)
Personnel Division;
(ii) General Services Division; (iii) Property Division; (iv) Accountable Forms Division; (v) Records Division; (vi) Career Development Division; (vii) Medical and Dental Division; (4) Planning and Research Service composed of the following: (i)
Planning and Research Division;
(5) Inspection
Service, composed of the following:(ii) Management Information and Data System Division; (iii) Public Information and Assistance Division; (i)
Internal Security Division;
(ii) Fiscal Control Division; (iii) Personnel Inquiry Division. SECTION 31. Appointment by the President.— The aforementioned Deputies shall be appointed by the President upon the recommendation of the Minister. SECTION 32. Management and Technical Staff.— The Commissioner and the two (2) Deputy Commissioners shall each have a Management and Technical Staff to render technical and secretarial support services. SECTION 33. Bureau of Customs.— The Bureau of Customs, which shall be headed and subject to the management and control of the Commissioner of Customs, who shall be appointed by the President upon the recommendation of the Minister and hereinafter referred to as Commissioner, shall have the function of collecting custom duties, taxes and the corresponding fees, charges and penalties, accounting for all customs revenues collected, exercising police authority for the enforcement of tariff and customs laws, preventing and suppressing smuggling, pilferage and all other economic frauds within all ports of entry, supervising and controlling exports, imports, foreign mails, and the clearance of vessels and aircrafts in all ports of entry administering all legal requirements that are appropriate, preventing and prosecuting smuggling and other illegal activities in all ports under its jurisdiction, exercising supervision and control over its constituent units, and performing their functions as may be provided by law. Executive Order No. 39 dated 6 August 1986 which grants autonomy to the Commissioner of Customs in matters of appointment and discipline of Customs personnel shall remain in effect. SECTION 34. Composition.— The Bureau of Customs shall be composed of the following: (a)
Customs Revenue Collection Monitoring Group, headed and supervised by a
Deputy Commissioner and composed of the following services, each of
which shall be headed by a Service Chief:
(1)
Legal Service, composed of the following:
(i)
Ruling and Research Division;
(ii) Prosecution and Litigation Division: (iii) Appellate Division; (iv) Tax Exempt Division. (2)
Financial Service, composed of the following:
(i)
Revenue Accounting Division;
(ii) Statistical Analysis Division. (3)
Collection Service, composed of the following:
(i)
Collection Performance/Evaluation Division;
(ii) Liquidation and Assessment Audit Division; (iii) Bonds Audit Division. (b)
Customs Assessment and Operations Coordinating Group, headed and
supervised by a Deputy Commissioner and composed of the following
services, each of which shall be headed by a Service Chief:
(1)
Imports and Assessment Service, composed of the following:
(i)
Valuation and Classification Division;
(2) Ports
Operations Service composed of the following:(ii) Assessment Coordination and Monitoring Division; (iii) Warehouse Coordination Division. (i)
Auction and Cargo Disposal Division;
(ii) Export Coordination Division; (iii) Port Operations Division. (c)
Intelligence and Enforcement Group, headed and supervised by a Deputy
Commissioner and composed of the following services, each of which
shall be headed by a Service Chief:
(1)
Intelligence and Investigation Service, composed of the following:
(i)
Intelligence Division;
(ii) Investigation and Prosecution Division; (iii) Internal Inquiry and Prosecution Division. (2) Enforcement and Security Service, composed of the following: (i)
Customs Police Division;
(ii) Water Patrol Division; (iii) Radio Communication Division. (d)
Internal Administration Group, headed and supervised by an Assistant
Commissioner and composed of the following:
(1)
Financial Management Office;
(2) Administration Office; (3) Planning and Policy Research Division (4) Management Information and Data Systems Division; (5) Public Information and Assistance Division; (6) Medical and Dental Division; (7) Human Resources Management Division. SECTION 35. Appointment by President. — The aforementioned Deputy and Assistant Commissioners shall be appointed by the President upon the recommendation of the Commissioner of Customs in keeping with the intent of Executive Order No. 39. SECTION 36. Definition of Functions. — (a)
Customs Revenue Collection Monitoring Group. The Customs Revenue
Collection Monitoring Group shall have the following functions:
(1)
Maintain an updated accounting for all Customs revenues collected;
(2) Administer legal requirements of the Bureau of Customs to include litigation and prosecution of cases; (3) Provide the Commissioner of Customs with accurate and timely information and analysis of collection statistics; (4) Conduct continuing audit of liquidated entries and outstanding bonds; (5) Perform such other appropriate functions consistent with the assigned tasks of the group and others which may be given by the Commissioner. (b)
Customs Assessment and Operations Coordinating Group. The Customs
Assessment and Operations Coordinating Group shall have the following
functions:
(1)
Regularly gather and upon approval of the Commissioner, publish values
of commodities imported into the Philippines, such values being the
bases for the computation of customs duties and other revenues;
(2) Monitor for decision making purposes the implementation of rules and regulations governing assessment, warehousing and support operations; (3) Monitor auction and disposal activities together with port/airport operations related activities for decision-making purposes; (4) Perform other appropriate functions consistent with the assigned tasks of the Group which may be given by the Commissioner. (c)
Intelligence and Enforcement Group shall have the following functions:
(1)
Regularly and consistently gather intelligence information related to
customs and economic activities for proper dissemination to the Customs
offices concerned;
(2) Conduct internal inquiry and investigation which may serve as the basis for prosecution; (3) Exercise police authority conferred by the Tariff and Customs Code or other laws which include the enforcement of seizures and forfeitures and the imposition of penalties and fines; (4) Perform such other appropriate functions consistent with the assigned tasks of the Group and others which may be given by the Commissioner. SECTION 37. The Collection Districts. — (a)
The Bureau shall have 13 Collection Districts under the direct control
and supervision by the Commissioner. Each Collection District shall
have as many subports as necessary to maximize revenue collection and
the prevention of smuggling and fraud against customs. Each Collection
District shall be headed and supervised by a District Collector while
each subport will be headed by a Port Collector. The Collectors shall
have the following functions:
(1)
Collect duties, taxes, fees, charges, penalties and fines accruing to
the Government under the Tariff and Customs Code and related laws;
(2) Exercise police powers conferred to him/her by the Tariff and Customs Code or other laws which include the enforcement of penalties and fines; (3) Examine goods, assess duties, fees, charges, penalties and fines accruing to the Government under the Tariff and Customs Code and other related laws; (4) Supervise the entrance and clearance of vessels and aircrafts engaged in foreign commerce; (5) Supervise and control handling of foreign mails arriving in the Philippines; (6) Supervise all import and export cargoes landed and/or stored in piers, airports, terminal facilities, yards and freight stations; (7) Perform such other appropriate functions consistent with the assigned task of the District/Port Collectors and those which may be given by the Commissioner. SECTION 38. Management and Technical Staff. — The Commissioner and three (3) Deputy Commissioners, and the Assistant Commissioner shall each have a Management and Technical Staff, which shall be limited to a specific number of personnel as determined by the Commissioner, to render technical and secretarial support services. SECTION 39. Bureau of Treasury. — The Bureau of Treasury, which shall be headed by and subject to the supervision and control of the National Treasurer who shall be appointed by the President upon the recommendation of the Minister, shall have the following functions: (a)
Act as the principal custodian of all national government funds;
(b) Assist in the formulation of, and execute, policies on financial management, public borrowings and capital market development; (c) Formulate, in coordination with government agencies concerned annual projections of revenue needs, cash position and borrowing capacity of the government; (d) Maintain accounts of the financial transactions of all national Ministries, bureaus, agencies and instrumentalities; (e) Manage the cash resources of the Government and perform banking functions in relation to receipts disbursements of national funds: (f) Manage, control and service public debts from domestic or foreign sources; (g) Exercise line supervision over its Regional Offices/field units within Ministry Regional Administrative Coordination Offices: (h) Perform such other appropriate functions as may be assigned by the Minister or Deputy Minister for Domestic Operations. SECTION 40. Composition. — The Bureau of Treasury shall be composed of the following (a)
Internal Affairs Sub-Sector under the direct supervision and control of
an Assistant National Treasurer and composed of the following:
(1)
Administrative Service which shall be composed of:
(a)
Legal, Intelligence and Investigation Division;
(b) Human Resources Management Division; (c) General Services Division; (d) Internal Security Division; (e) Public Information and Assistance Division. (2)
Financial and Management Service which shall be composed of:
(a)
Accounting Division;
(b) Budget Division; (c) Management and Audit Division; (d) Fidelity Bond Division. (3)
Management Information and Data Systems Service which shall be composed
of:
(a)
Data Control Division;
(b) Data Encoding and Processing Division; (c) Computer Operations Division; (d) E.D.P. Systems Management Division, (4)
Planning and Policy Research Division;
(5) Public Information and Assistance Division; (6) Legal Division. (b)
National Government Affairs Sub-Sector under the direct supervision and
control of an Assistant National Treasurer and composed of the
following:
(1)
Public Debt Management Service which shall be composed of:
(i)
Internal Debt Management Division;
(2) Debt
Clearing Service which shall be composed of:(ii) External Debt Management Division; (iii) Debt Servicing Division; (iv) Backpay Division. (i)
National Government Accounts Division;
(ii) Government Corporate and Private Individual/Corporations Division; (iii)
Local Government Accounts Division;
(3) National Cash Accounts Service which shall be composed of: (i)
Fiscal Management Division
(ii) National Cash Accounting Division; (iii) Treasury Accounts Reconciliation Division; (iv) Treasury Miscellaneous Accounting Division. (4) Treasury Banking Service which shall be composed of: (i)
Cash Division;
(ii) Special Clearing Division; (iii) Claims and Documents Division. (5) Operations Planning Service shall be composed of: (i)
Fiscal Planning and Evaluation Division
(ii) Financial Planning and Evaluation Division. (iii) Statistical Analysis and Information Division. (6) Regional Offices which shall have under their supervision all provincial offices and shall be under the direct control and supervision of the National Treasurer. SECTION 41. Assistance to National Treasurer. — The National Treasurer shall be directly assisted by the: (a)
Management and Technical Staff, which shall perform the functions of
rendering technical and secretarial support services;
(b) Intelligence and Investigation Office, which shall perform the following functions: (1) Monitor, gather and evaluate reports on financial and economic activities of persons or entities, foreign and domestic, which may adversely affect national financial interests; (2) Perform such other appropriate functions as may be assigned by the National Treasurer. SECTION 42. Appointment by the President. — The aforementioned two (2) Assistant National Treasurers shall be appointed by the President upon the recommendation of the Minister. SECTION 43. Bureau of Local Government Finance. — The Bureau of Local Government Finance, which shall be headed by and subject to the supervision and control of an Executive Director who shall be appointed by the President upon the recommendation of the Minister, shall have the following functions: (a)
Assist in the formulation and implementation of policies on local
government revenue administration and fund management;
(b) Exercise administrative and technical supervision and coordination over the treasury and assessment operations of local governments; (c) Develop and promote plans and programs for the improvement of resource management systems, collection enforcement mechanisms, and credit utilization schemes at the local levels; (d) Provide consultative services and technical assistance to the local governments and the general public on local taxation, real property assessment and other related matters; (e) Exercise line supervision over its Regional Offices/field units within the Ministry Regional Administrative Coordination Office and the local treasury and assessment services: (f) Perform such other appropriate functions as may be assigned by the Minister or Deputy Minister for Domestic Operations. SECTION 44. Composition. — The Bureau of Local Government Finance shall be composed of the following: (a)
Internal Administration Office, under the direct supervision and
control of the Director and composed of the following:
(1)
Planning and Policy Research Division;
(2) Management Information and Data Systems Division; (3) Public Information and Assistance Division; (4) Financial Management Division (5) Administrative Division; (6)
Legal Division.
(b)
Policy Enforcement and Special Projects Group, headed and supervised by
a Deputy Director and composed of the following Services, each of which
shall be headed by a Service Chief:
(1)
Local Finance Policy Enforcement Service, composed of the following:
(i)
Local Treasury Operations Division;
(ii) Local Tax Policy Research and Review Division; (iii) Local Assessment Operations Division: (iv) Local Government Loan Review Division; (2) Special Projects
Management Service, composed of the following:
(i)
Plans and Programs Development Division;
(ii) Project Execution and Management Division; (iii) Project Monitoring and Evaluation Division; (iv) Central Fund Management Division; (c)
Field Operations Examination Group, headed by a Deputy Director and
composed of the following:
(i)
Management Systems Examination Division;
(ii) Real Property Assessment Examination Division; (iii) Financial Operations Examination Division; (iv) Local Revenue Enforcement Examination Division. SECTION 45. Assistance to the Executive Director. — The Executive Director shall be directly assisted by the: (a)
Management and Technical Staff, which shall perform the functions of
rendering technical and secretarial support services;
(b) Intelligence and Investigation Office, which shall perform the following functions: (1)
Monitor, gather and evaluate reports on financial and economic
activities of persons or entities, foreign and domestic, which may
adversely affect national financial interests;
(2) Perform such other appropriate functions as may be assigned by the Director. SECTION 46. Financial and Fiscal Policy and Planning Office. — The Financial and Fiscal Policy and Planning Office, which shall be headed by a Director who shall be appointed by the President upon the recommendation of the Minister, shall have the following functions: (a)
Coordinate, in consultation with the appropriate government agencies,
the formulation of integrated financial and fiscal plans of the
national Government and the local governments, consistent with the
national development plan;
(b) Monitor and review the implementation of such financial and fiscal plans in relation to recent development in the economy; (c) Coordinate with other government agencies involved in financial, fiscal and economic planning and policy formulation; (d) Undertake special studies and research projects on financial and policies; (e) Coordinate the formulation and assessment of Ministry policies affecting domestic finance operations with the different bureaus and offices of the Ministry; (f) Perform such other appropriate functions as may be assigned by the Minister, the Deputy Minister for Domestic Operations or the Assistant Minister directly assisting the Deputy Minister for Domestic Operations. SECTION 47. Composition. — The Financial and Fiscal Policy and Planning Office shall be composed of the following: (a)
Financial and Fiscal Planning Division;
(b) Policy Research and Coordination Division; (c) Statistics Division; (d) Special Studies Division; (e) Administrative and Support Services Staff. SECTION 48. International Finance Policy Office. — The International Finance Policy Office, headed by a Director who shall be appointed by the President upon recommendation of the Minister, shall have the following functions: (a)
Monitor and analyze international monetary, financial and trade
developments and their implications for the Philippine economy and
evolve proposals for appropriate response to said events;
(b) Provide inputs into the formulation of fiscal, monetary, financial, foreign trade and exchange rate policies as well as budgetary and balance of payments programming in line with domestic economic goals and the external financial and trade environment; (c) Formulate and monitor a foreign financing program on the basis of domestic requirements and trends in development assistance and other capital flows; (d) Interact with multilateral, regional and other international organizations and formulate in coordination with appropriate agencies Philippine positions on institutional and policy issues taken up in these bodies; (e) Coordinate with other appropriate ministries and government agencies in areas concerning international finance and foreign trade; (f) Perform such other appropriate functions as may be assigned by the Minister or Deputy Minister for International Finance. SECTION 49. Composition. — The International Finance Policy Office shall be composed of the following: (a)
International Economy Division;
(b) External Adjustments Division. SECTION 50. International Finance Operations Office. — The International Finance Operations Office, headed by a Director, shall have the following functions: (a)
Assist in the formulation of policy and guidelines for foreign
borrowings including provision of government guarantees and monitor
compliance with these policies;
(b) Provide support work for international financial negotiations and participate in such negotiations with multilateral financial institutions, bilateral creditors and donors and commercial creditors. This includes negotiations for new assistance (grants and loans) as well as for debt rescheduling; (c) Monitor implementation of projects funded by foreign assistance and credits, utilization of such external resources and compliance with commitments as well as debt repayment obligations; (d) Assist in the structuring and conduct of international conferences and meetings of the Ministry’s officer (the term “officer” as used in this Executive Order is intended to be within the meaning of the term “official” as used in the Freedom Constitution) with foreign dignitaries or organizations; (e) Perform such other appropriate functions as may be assigned by the Minister or Deputy Minister for International Finance. SECTION 51. Composition. — The International Finance Operations Office shall be composed of the following: (a)
Commercial Credits and Legal Services Division;
(b) Bilateral Assistance Division; (c) Multilateral Assistance Division. SECTION 52. Admini |