<Li> Paola Alvarez, Spokesperson </Li> <Tr> <Th> Website </Th> <Td> www.dof.gov.ph </Td> </Tr> <P> The Philippines' 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 sector debt, and the rationalization, privatization and public accountability of corporations and assets owned, controlled or acquired by the government . </P> <P> The Department of Finance was established on March 17, 1897, at the same time that the Revolutionary Government was founded in Naic, Cavite . General Baldomero Aguinaldo was appointed Director of Finance by General Emilio Aguinaldo . The Finance Director became the Secretary of the Treasury under the first constitutional republican government, the Biak - na - Bato Republic . </P>

Function of department of finance in the philippines
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