Department of Finance

Department of Finance Follow us to get the latest news on the Philippines' economic development and fiscal policies.

The Department of Finance (DOF) is the government’s steward of sound fiscal policy. We formulate revenue policies that will ensure funding of critical government programs that promote welfare among our people and accelerate economic growth and stability. VISION

• A strong economy with stable prices and strong growth;

• A stable fiscal situation with adequate resources for government projects and

budgetary which could be adequately financed;

• A borrowing program that is able to avoid the crowding-out effect on the private sector, and minimizes costs;

• A public sector debt profile with long maturities and an optimum mix of currencies that minimizes the impact of currency movements;

• A strong economic growth with equity and productivity

MISSION

Our economy must be one of the most dynamic and active in the world, globally competitive and onward looking. The DOF shall take the lead in providing a solid foundation for the achievement of this objective, by building a strong fiscal position, through the following:

• Formulation, institutionalization and administration of sound fiscal policies;

• Improvement of tax collection efficiency;

• Mobilization of adequate resources on most advantageous terms to meet budgetary requirements;

• Sound management of public sector debt; and

• Initiation and implementation of structural and policy reforms

𝗗𝗢𝗙 𝗿𝗲𝗮𝗳𝗳𝗶𝗿𝗺𝘀 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁 𝘁𝗼 𝗮 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗮𝘁 𝗣𝗖𝗖𝗜 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲On behalf of Finance Secretary Frederick ...
04/08/2026

𝗗𝗢𝗙 𝗿𝗲𝗮𝗳𝗳𝗶𝗿𝗺𝘀 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁 𝘁𝗼 𝗮 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗮𝘁 𝗣𝗖𝗖𝗜 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲

On behalf of Finance Secretary Frederick D. Go, Legal Services and Local Finance Group (LSLFG) Undersecretary Krystal Lyn Uy delivered the keynote during the 34th Philippine Chamber of Commerce and Industry (PCCI) Metro Manila Business Conference, highlighting the Philippines' strong economic fundamentals and investment-friendly reforms.

Undersecretary Uy underscored that genuine progress happens through strong public-private collaboration, citing key reforms like the CREATE MORE Act, which offers up to 40 years of fiscal and non-fiscal incentives, and the Real Property Valuation and Assessment Reform Act (RPVARA), which promotes a fairer and more predictable property valuation system.

As this momentum continues, the Department of Finance looks forward to building a more competitive business environment that benefits Filipino workers and enterprises nationwide.

𝗦𝗲𝗰. 𝗙𝗿𝗲𝗱𝗲𝗿𝗶𝗰𝗸 𝗚𝗼 𝗶𝗻𝗱𝘂𝗰𝘁𝘀 𝟮𝟬𝟮𝟲 𝗔𝗻𝘃𝗶𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗖𝗹𝘂𝗯 𝗕𝗼𝗮𝗿𝗱, 𝘂𝗻𝗱𝗲𝗿𝘀𝗰𝗼𝗿𝗲𝘀 𝗽𝘂𝗯𝗹𝗶𝗰-𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽Finance Secretary Freder...
03/08/2026

𝗦𝗲𝗰. 𝗙𝗿𝗲𝗱𝗲𝗿𝗶𝗰𝗸 𝗚𝗼 𝗶𝗻𝗱𝘂𝗰𝘁𝘀 𝟮𝟬𝟮𝟲 𝗔𝗻𝘃𝗶𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗖𝗹𝘂𝗯 𝗕𝗼𝗮𝗿𝗱, 𝘂𝗻𝗱𝗲𝗿𝘀𝗰𝗼𝗿𝗲𝘀 𝗽𝘂𝗯𝗹𝗶𝗰-𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽

Finance Secretary Frederick D. Go inducted the 2026 Board of Directors of the Anvil Business Club, Inc. during its 35th anniversary, recognizing the organization's role in fostering entrepreneurship, leadership, and nation-building.

In his remarks, Secretary Frederick Go emphasized that the Marcos Jr. administration is laying the foundations for businesses to launch and grow with confidence, stressing that real progress requires strong public-private partnership.

He also encouraged the incoming Board and the next generation of entrepreneurs to lead with purpose, mentor future leaders, and continue creating opportunities that drive inclusive growth and economic progress for the country.

𝗕𝗜𝗥'𝘀 𝟭𝟮𝟮 𝘆𝗲𝗮𝗿𝘀 𝗼𝗳 𝘀𝗲𝗿𝘃𝗶𝗰𝗲: 𝗗𝗢𝗙 𝗺𝗮𝗿𝗸𝘀 𝗿𝗲𝗰𝗼𝗿𝗱 𝗣𝗛𝗣𝟯-𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗺𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 🎉Finance Secretary Frederick D. Go congr...
03/08/2026

𝗕𝗜𝗥'𝘀 𝟭𝟮𝟮 𝘆𝗲𝗮𝗿𝘀 𝗼𝗳 𝘀𝗲𝗿𝘃𝗶𝗰𝗲: 𝗗𝗢𝗙 𝗺𝗮𝗿𝗸𝘀 𝗿𝗲𝗰𝗼𝗿𝗱 𝗣𝗛𝗣𝟯-𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗺𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 🎉

Finance Secretary Frederick D. Go congratulated the Bureau of Internal Revenue (BIR) on its 122nd anniversary, crediting the bureau's record PHP3-trillion collection milestone to rising voluntary compliance as taxpayers respond to easier, tech-enabled compliance.

Secretary Frederick Go challenged BIR to build on its record-breaking performance, and thanked Commissioner Charlito Martin R. Mendoza for championing a taxpayer-centric approach to reform. He emphasized the importance of active stakeholder engagement, urging BIR to keep listening to the public whose insights continue to shape the bureau's reforms.

The BIR also recognized this year's BIR's Best awardees, along with top taxpayers Alden Richards and Barbie Forteza, for inspiring more Filipinos to pay their taxes right.

03/08/2026

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01/08/2026

𝗕𝘂𝗶𝗹𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲𝘀, 𝗛𝗗 𝗛𝘆𝘂𝗻𝗱𝗮𝗶'𝘀 𝗢𝗿𝗶𝗼𝗻 𝗝𝗮𝗱𝗲 𝗺𝗮𝗿𝗸𝘀 𝗮 𝗺𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 𝗳𝗼𝗿 𝗣𝗛 𝘀𝗵𝗶𝗽𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 🚢

The launch of the 250-meter Orion Jade, the first vessel built by HD Hyundai Heavy Industries Philippines (HHIP) in Subic, marks a major milestone for the country’s shipbuilding industry.

Beyond showcasing world-class Filipino craftsmanship, HHIP’s investment has already created nearly 4,000 jobs—and is expected to grow even further as operations expand.

Watch this reel to know more. ⚓️

𝗗𝗢𝗙 𝗷𝗼𝗶𝗻𝘀 𝗽𝘂𝗯𝗹𝗶𝗰-𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗱𝗶𝗮𝗹𝗼𝗴𝘂𝗲 𝗼𝗻 𝗟𝘂𝘇𝗼𝗻 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗖𝗼𝗿𝗿𝗶𝗱𝗼𝗿The Department of Finance (DOF), through Government Corporat...
31/07/2026

𝗗𝗢𝗙 𝗷𝗼𝗶𝗻𝘀 𝗽𝘂𝗯𝗹𝗶𝗰-𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗱𝗶𝗮𝗹𝗼𝗴𝘂𝗲 𝗼𝗻 𝗟𝘂𝘇𝗼𝗻 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗖𝗼𝗿𝗿𝗶𝗱𝗼𝗿

The Department of Finance (DOF), through Government Corporations and Investments Group (GCIG) Undersecretary Ma. Angela E. Ignacio, joined representatives from the U.S. Embassy and the private sector in a discussion on the Luzon Economic Corridor (LEC).

Convened by the US-ASEAN Business Council, the meeting reaffirmed the shared commitment to advancing high-impact investments and strengthening economic cooperation between the Philippines and the United States through effective public-private engagement.

𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗣𝗛–𝗠𝗼𝗿𝗼𝗰𝗰𝗼 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗳𝗼𝗿 𝗴𝗹𝗼𝗯𝗮𝗹 𝗯𝗲𝘀𝘁 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 𝗶𝗻 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝘄𝗲𝗮𝗹𝘁𝗵 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 🇵🇭🇲🇦The Maharlika Investme...
30/07/2026

𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗣𝗛–𝗠𝗼𝗿𝗼𝗰𝗰𝗼 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗳𝗼𝗿 𝗴𝗹𝗼𝗯𝗮𝗹 𝗯𝗲𝘀𝘁 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 𝗶𝗻 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝘄𝗲𝗮𝗹𝘁𝗵 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 🇵🇭🇲🇦

The Maharlika Investment Corporation (MIC) and Ithmar Capital of the Kingdom of Morocco formalized a peer-learning partnership through the signing of a Memorandum of Understanding (MOU).

On behalf of Finance Secretary and MIC Board Chairman Frederick D. Go, Government Corporations and Investments Group (GCIG) Undersecretary Ma. Angela E. Ignacio reaffirmed the Philippines' commitment to strengthening bilateral ties with Morocco through greater collaboration, knowledge-sharing, and institutional cooperation.

The MOU will enable the exchange of best practices and institutional expertise to support MIC's development as a transparent, accountable, and professionally managed sovereign wealth fund. It also advances MIC's efforts toward full membership in the International Forum of Sovereign Wealth Funds (IFSWF), reinforcing its commitment to meeting globally recognized standards of governance and professionalism.

🏎️ 𝗜𝗱𝗹𝗲 𝗕𝘂𝗴𝗮𝘁𝘁𝗶 𝗖𝗵𝗶𝗿𝗼𝗻𝘀 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗲𝗱 𝗶𝗻𝘁𝗼 𝗽𝘂𝗯𝗹𝗶𝗰 𝗿𝗲𝘃𝗲𝗻𝘂𝗲𝘀Finance Secretary Frederick D. Go, together with the Bureau of C...
30/07/2026

🏎️ 𝗜𝗱𝗹𝗲 𝗕𝘂𝗴𝗮𝘁𝘁𝗶 𝗖𝗵𝗶𝗿𝗼𝗻𝘀 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗲𝗱 𝗶𝗻𝘁𝗼 𝗽𝘂𝗯𝗹𝗶𝗰 𝗿𝗲𝘃𝗲𝗻𝘂𝗲𝘀

Finance Secretary Frederick D. Go, together with the Bureau of Customs (BOC), formally turned over the proceeds from the successful sale of two confiscated Bugatti Chiron units to the National Treasury on 29 July 2026.

The sale transformed previously idle assets into revenues that will help fund priority government programs.

Secretary Frederick Go also directed the Department of Finance (DOF) and BOC to fast-track the disposal of other confiscated assets, reinforcing the government's commitment to fiscal discipline, efficient asset management, and ensuring that recovered resources are put to work for the benefit of millions of Filipinos.

29/07/2026

Nagpapasalamat kami kay Pangulong Ferdinand R. Marcos Jr. sa kanyang pagkilala sa patuloy na pagsisikap ng Social Security System (SSS) na mapabuti ang buhay ng milyon-milyong manggagawang Pilipino, mga pensyonado, at kanilang mga pamilya.

Buong-pusong sinusuportahan ng SSS ang direktiba ng Pangulo na higit pang palakasin ang seguridad pampinansyal para sa ating mga aktibo at retiradong manggagawa. Patuloy kaming magsisikap na mapanatiling matatag ang pondo ng SSS at maihatid ang mas makabuluhang benepisyo at serbisyo sa mas marami pang Pilipino.

Chairman Frederick D. Go
PCEO Robert Joseph M. de Claro
Social Security System

29/07/2026

𝗥𝗘𝗔𝗗 the joint statement of the Department of Finance and the Bureau of Internal Revenue (BIR) on the tax relief measures highlighted by President Ferdinand R. Marcos Jr. during his Fifth State of the Nation Address (SONA) on July 27, 2026.

The One-Time Tax Abatement Program for Micro Taxpayers, issued on June 22, 2026 through Revenue Regulations (RR) No. 4-2026, provides qualified micro taxpayers relief from outstanding tax liabilities and penalties. Upon the recommendation of the Food and Drug Administration (FDA), the BIR also expanded the VAT exemption on medicines through Revenue Memorandum Circular (RMC) No. 27-2026 issued on April 8, 2026, making more essential medicines VAT-exempt and helping reduce healthcare costs for Filipinos.

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