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

𝗖𝗹𝗲𝗮𝗻 𝗣𝗼𝘄𝗲𝗿 𝗮𝗻𝗱 𝗤𝘂𝗮𝗹𝗶𝘁𝘆 𝗝𝗼𝗯𝘀 𝗳𝗼𝗿 𝗙𝗶𝗹𝗶𝗽𝗶𝗻𝗼𝘀: 𝗔𝗰𝘄𝗮, 𝗕𝗖𝗗𝗔 𝘀𝗲𝗮𝗹 𝟱𝟬𝟬-𝗠𝗪 𝗦𝗼𝗹𝗮𝗿 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗶𝗻 𝗡𝗲𝘄 𝗖𝗹𝗮𝗿𝗸 𝗖𝗶𝘁𝘆 🇵🇭Acwa Power Philippi...
03/06/2026

𝗖𝗹𝗲𝗮𝗻 𝗣𝗼𝘄𝗲𝗿 𝗮𝗻𝗱 𝗤𝘂𝗮𝗹𝗶𝘁𝘆 𝗝𝗼𝗯𝘀 𝗳𝗼𝗿 𝗙𝗶𝗹𝗶𝗽𝗶𝗻𝗼𝘀: 𝗔𝗰𝘄𝗮, 𝗕𝗖𝗗𝗔 𝘀𝗲𝗮𝗹 𝟱𝟬𝟬-𝗠𝗪 𝗦𝗼𝗹𝗮𝗿 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗶𝗻 𝗡𝗲𝘄 𝗖𝗹𝗮𝗿𝗸 𝗖𝗶𝘁𝘆 🇵🇭

Acwa Power Philippines has signed a contract of lease with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site in New Clark City, a major step forward for the country's clean energy and industrial transformation agenda.

Secretary Frederick D. Go welcomed this development, and underscored that the decision of Acwa reflects strong confidence in the country and the reforms being pursued under this administration.

The investment is set to unlock new opportunities, create quality jobs for Filipinos, and drive resilient growth across Central Luzon and the Philippines.

Acwa Power Philippines, a subsidiary of Acwa Power Company and a global leader in energy transition and green hydrogen, ...
03/06/2026

Acwa Power Philippines, a subsidiary of Acwa Power Company and a global leader in energy transition and green hydrogen, signed a Contract of Lease with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site within New Clark City, which will host an integrated utility-scale solar photovoltaic and battery energy storage system with a capacity of up to 500 MW upon full build-out.

The project is expected to pave the way for high-value investments in artificial intelligence, advanced manufacturing, and other technology-driven sectors in New Clark City.

This development reflects strong investor confidence in the Philippines as a prime destination for large-scale infrastructure and renewable energy investments. It also advances the country’s goal for sustainable growth, high-quality jobs, and strengthened energy security.

𝗦𝗲𝗰𝗿𝗲𝘁𝗮𝗿𝘆 𝗙𝗿𝗲𝗱𝗲𝗿𝗶𝗰𝗸 𝗚𝗼 𝘄𝗶𝘁𝗻𝗲𝘀𝘀𝗲𝘀 𝘀𝗶𝗴𝗻𝗶𝗻𝗴 𝗼𝗳 𝗕𝗖𝗗𝗔-𝗔𝗰𝘄𝗮 𝗣𝗼𝘄𝗲𝗿 𝗟𝗲𝗮𝘀𝗲 𝗳𝗼𝗿 𝟱𝟬𝟬-𝗠𝗪 𝗦𝗼𝗹𝗮𝗿 𝗮𝗻𝗱 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁Acwa Power...
03/06/2026

𝗦𝗲𝗰𝗿𝗲𝘁𝗮𝗿𝘆 𝗙𝗿𝗲𝗱𝗲𝗿𝗶𝗰𝗸 𝗚𝗼 𝘄𝗶𝘁𝗻𝗲𝘀𝘀𝗲𝘀 𝘀𝗶𝗴𝗻𝗶𝗻𝗴 𝗼𝗳 𝗕𝗖𝗗𝗔-𝗔𝗰𝘄𝗮 𝗣𝗼𝘄𝗲𝗿 𝗟𝗲𝗮𝘀𝗲 𝗳𝗼𝗿 𝟱𝟬𝟬-𝗠𝗪 𝗦𝗼𝗹𝗮𝗿 𝗮𝗻𝗱 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁

Acwa Power Philippines, a subsidiary of Acwa Power Company, signed a contract of lease with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site in New Clark City (NCC).

Witnessed by Finance Secretary Frederick D. Go, the signing paves the way for the development of a 500-MW solar photovoltaic and battery energy storage system (PV-BESS) facility within the NCC Special Economic Zone. Delivering the keynote message on Secretary Go's behalf, Undersecretary Ma. Angela E. Ignacio underscored the project's role in strengthening New Clark City's infrastructure, energy resilience, and investment competitiveness.

As BCDA’s anchor power locator in NCC, the facility is envisioned to provide clean, reliable, and round-the-clock power to support data centers, advanced manufacturing and other technology-driven industries, while advancing the government's target of increasing renewable energy's share in the national power mix to 35 percent by 2030.

𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘀 𝘁𝗶𝗺𝗲𝗹𝘆 𝗿𝗲𝗹𝗶𝗲𝗳 𝘁𝗼 𝗦𝗦𝗦 𝗽𝗲𝗻𝘀𝗶𝗼𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗲𝗮𝗿𝗹𝘆 𝗿𝗼𝗹𝗹𝗼𝘂𝘁 𝗼𝗳 𝟮𝟬𝟮𝟲 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲Finance Secretary and Soc...
02/06/2026

𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘀 𝘁𝗶𝗺𝗲𝗹𝘆 𝗿𝗲𝗹𝗶𝗲𝗳 𝘁𝗼 𝗦𝗦𝗦 𝗽𝗲𝗻𝘀𝗶𝗼𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗲𝗮𝗿𝗹𝘆 𝗿𝗼𝗹𝗹𝗼𝘂𝘁 𝗼𝗳 𝟮𝟬𝟮𝟲 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲

Finance Secretary and Social Security Commission (SSC) Chair Frederick D. Go announced the rollout of the second tranche of pension increases this June – 3 months ahead of schedule – providing timely financial support to over 4 million pensioners and their families.

The Social Security System (SSS) has begun the early rollout of the second tranche of its Pension Reform Program (PRP) f...
02/06/2026

The Social Security System (SSS) has begun the early rollout of the second tranche of its Pension Reform Program (PRP) for 4.1 million pensioners this June, moving the originally scheduled September pension increase forward to provide earlier financial relief.

Approximately PHP6 billion in additional pension benefits will be released from June to August 2026, to support pensioners amid a volatile economic environment.

Under the second tranche, retirement and disability pensioners will receive a 10 percent increase in their monthly pensions, while death and survivor pensioners will receive a 5 percent increase.

Read more: https://www.dof.gov.ph/sss-begins-early-june-rollout-of-2026-pension-hike-citing-need-for-early-relief-for-pensioners/

01/06/2026

𝗭𝗘𝗥𝗢 𝗟𝗔𝗡𝗗𝗕𝗔𝗡𝗞 𝗙𝗘𝗘𝗦?! 𝗧𝗵𝗮𝘁’𝘀 𝗿𝗶𝗴𝗵𝘁. 👀

Wala nang LANDBANK fees when you pay your government bills via the 𝗟𝗔𝗡𝗗𝗕𝗔𝗡𝗞 𝗟𝗶𝗻𝗸.𝗕𝗶𝘇𝗣𝗼𝗿𝘁𝗮𝗹 and 𝗤𝗥𝗣𝗵.

✅ Waived LANDBANK fees on selected government payments*
✅ Fast, secure, and hassle-free digital transactions
✅ Pay anytime, anywhere

Sulit na, safe pa. Manage your government payments the smart way via the LANDBANK Link.BizPortal and enjoy waived LANDBANK fees today.

Check out the step-by-step guide and the complete list of enrolled merchants per payment modality here:
https://landbank.com/government/waived-landbank-fees-for-govt-payments

This initiative supports the National Government’s 𝗕𝗮𝗴𝗼𝗻𝗴 𝗣𝗶𝗹𝗶𝗽𝗶𝗻𝗮𝘀 𝗨𝗣𝗟𝗜𝗙𝗧 thrust to help ease everyday expenses amid the energy crisis, and make digital financial services more affordable for all.

*Merchant or third-party fees may still apply. Valid until 𝟯𝟭 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟲.

Visit LANDBANK Official Website for more details.

𝗬𝗼𝘂𝗿 𝗙𝘂𝘁𝘂𝗿𝗲. 𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗯𝘆 𝗟𝗔𝗡𝗗𝗕𝗔𝗡𝗞. 💚






Under the leadership of Finance Secretary and LANDBANK Chair Frederick D. Go, LANDBANK is removing fees on online govern...
01/06/2026

Under the leadership of Finance Secretary and LANDBANK Chair Frederick D. Go, LANDBANK is removing fees on online government payments via QRPh from 01 June to 31 December 2026.

Secretary Frederick D. Go described the initiative as an important step towards modernizing public service delivery, and driving broader digital adoption and financial inclusion.

𝗡𝗢 𝗖𝗢𝗡𝗩𝗘𝗡𝗜𝗘𝗡𝗖𝗘 𝗙𝗘𝗘𝗦 𝗙𝗢𝗥 𝗢𝗡𝗟𝗜𝗡𝗘 𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗣𝗔𝗬𝗠𝗘𝗡𝗧𝗦LANDBANK is implementing zero fees on eligible online government payme...
01/06/2026

𝗡𝗢 𝗖𝗢𝗡𝗩𝗘𝗡𝗜𝗘𝗡𝗖𝗘 𝗙𝗘𝗘𝗦 𝗙𝗢𝗥 𝗢𝗡𝗟𝗜𝗡𝗘 𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗣𝗔𝗬𝗠𝗘𝗡𝗧𝗦

LANDBANK is implementing zero fees on eligible online government payments from 01 June to 31 December 2026, making public transactions simpler, more affordable, and more accessible.

This initiative brings essential services closer to the people, supporting faster and more convenient payment of police clearances, real property taxes, business permits, apostille certificates, and other government transactions—at no additional cost.

This complements LANDBANK’s broader efforts to reduce transaction costs, including the recent reduction of InstaPay transfer fees from ₱15 to ₱8, effective 21 May 2026.

Read more: https://www.landbank.com/news/landbank-waives-fees-for-online-govt-payments

Due to the overwhelming interest in the People’s Survival Fund (PSF) Call for Proposals, the submission deadline has bee...
30/05/2026

Due to the overwhelming interest in the People’s Survival Fund (PSF) Call for Proposals, the submission deadline has been extended until 05 June 2026.

To support prospective applicants, we have prepared a set of resources to guide you through the application process.

Scan the QR code to access:

✅ Frequently Asked Questions (FAQs)
✅ PSF Training Kit
✅ Concept Note Template

You can also visit the PSF microsite to explore previously approved projects already helping Filipino communities adapt to the impacts of climate change: https://psf.dof.gov.ph/

Finance Secretary Frederick D. Go emphasized that the signing of the renegotiated 𝘾𝙤𝙣𝙫𝙚𝙣𝙩𝙞𝙤𝙣 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 𝙅𝙖𝙥𝙖𝙣 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙍𝙚𝙥𝙪𝙗...
29/05/2026

Finance Secretary Frederick D. Go emphasized that the signing of the renegotiated 𝘾𝙤𝙣𝙫𝙚𝙣𝙩𝙞𝙤𝙣 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 𝙅𝙖𝙥𝙖𝙣 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙍𝙚𝙥𝙪𝙗𝙡𝙞𝙘 𝙤𝙛 𝙩𝙝𝙚 𝙋𝙝𝙞𝙡𝙞𝙥𝙥𝙞𝙣𝙚𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝘼𝙫𝙤𝙞𝙙𝙖𝙣𝙘𝙚 𝙤𝙛 𝘿𝙤𝙪𝙗𝙡𝙚 𝙏𝙖𝙭𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙋𝙧𝙚𝙫𝙚𝙣𝙩𝙞𝙤𝙣 𝙤𝙛 𝙁𝙞𝙨𝙘𝙖𝙡 𝙀𝙫𝙖𝙨𝙞𝙤𝙣 𝙬𝙞𝙩𝙝 𝙍𝙚𝙨𝙥𝙚𝙘𝙩 𝙩𝙤 𝙏𝙖𝙭𝙚𝙨 𝙤𝙣 𝙄𝙣𝙘𝙤𝙢𝙚 is aligned with the Philippines’ goal of fostering an enabling business environment and strengthening its position as a preferred investment destination.

The updated treaty is expected to support high-quality employment opportunities and sustained economic growth, while deepening trade and investment ties with one of the Philippines’ largest economic partners.

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