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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 governmentโ€™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

โ€ข A strong economy with stable prices and strong growth;

โ€ข A stable fiscal situation with adequate resources for government projects and budgetary which could be adequately financed;

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

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

โ€ข 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:

โ€ข Formulation, institutionalization and administration of sound fiscal policies;

โ€ข Improvement of tax collection efficiency;

โ€ข Mobilization of adequate resources on most advantageous terms to meet budgetary requirements;

โ€ข Sound management of public sector debt; and

โ€ข Initiation and implementation of structural and policy reforms

๐——๐—ข๐—™ ๐—ฎ๐—ป๐—ฑ ๐—๐—ฃ ๐— ๐—ผ๐—ฟ๐—ด๐—ฎ๐—ป ๐—ฒ๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ฒ ๐—ฎ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ๐˜€ ๐˜๐—ผ ๐—ฑ๐—ฒ๐—ฒ๐—ฝ๐—ฒ๐—ป ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜๐˜€ ๐Ÿ“ˆOn behalf of Finance Secretary Frederick D. Go, ...
05/09/2026

๐——๐—ข๐—™ ๐—ฎ๐—ป๐—ฑ ๐—๐—ฃ ๐— ๐—ผ๐—ฟ๐—ด๐—ฎ๐—ป ๐—ฒ๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ฒ ๐—ฎ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ๐˜€ ๐˜๐—ผ ๐—ฑ๐—ฒ๐—ฒ๐—ฝ๐—ฒ๐—ป ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜๐˜€ ๐Ÿ“ˆ

On behalf of Finance Secretary Frederick D. Go, Government Corporations and Investments Group (GCIG) Undersecretary Maria Angela E. Ignacio met with key officials of JP Morgan Asset Management to discuss ways to strengthen the Philippine equity market and encourage greater investor participation.

The discussion focused on improving market liquidity and vibrancy, expanding retail and institutional participation, and exploring opportunities to make Philippine equities more attractive to investors.

Drawing from experiences in Singapore and other regional markets, JP Morgan Asset Management shared strategies that could help revitalize the local equity market and support the continued development of the Philippine capital market.

Officials present during the discussion were JP Morgan Executive Director and Senior Profile Manager Ong Changqi and Managing Director Nicholas Wong.

๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐˜€๐—ฒ๐˜๐˜€ ๐—ฐ๐—น๐—ฒ๐—ฎ๐—ฟ ๐—ฝ๐—ฎ๐˜๐—ต ๐—ณ๐—ผ๐—ฟ ๐—ป๐—ฒ๐˜…๐˜ ๐—ฝ๐—ต๐—ฎ๐˜€๐—ฒ ๐—ผ๐—ณ ๐˜€๐—ฒ๐—บ๐—ถ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜‚๐—ฐ๐˜๐—ผ๐—ฟ ๐—ฎ๐—ป๐—ฑ ๐—ฒ๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ผ๐—ป๐—ถ๐—ฐ๐˜€ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ตFinance Secretary Frederick D. Go join...
04/09/2026

๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐˜€๐—ฒ๐˜๐˜€ ๐—ฐ๐—น๐—ฒ๐—ฎ๐—ฟ ๐—ฝ๐—ฎ๐˜๐—ต ๐—ณ๐—ผ๐—ฟ ๐—ป๐—ฒ๐˜…๐˜ ๐—ฝ๐—ต๐—ฎ๐˜€๐—ฒ ๐—ผ๐—ณ ๐˜€๐—ฒ๐—บ๐—ถ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜‚๐—ฐ๐˜๐—ผ๐—ฟ ๐—ฎ๐—ป๐—ฑ ๐—ฒ๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ผ๐—ป๐—ถ๐—ฐ๐˜€ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต

Finance Secretary Frederick D. Go joined the Special Semiconductor and Electronics Industry Advisory Council (SEIAC) Meeting for the launch of the Philippine Semiconductor and Electronics Industry Roadmap, which sets a clear direction for strengthening the countryโ€™s position in the global technology supply chain.

The 2026โ€“2030 Roadmap builds on the Philippinesโ€™ strong industry base by advancing into higher-value, technology-intensive activities such as advanced packaging, high-reliability electronics manufacturing, and integrated circuit design. It also prioritizes talent development, infrastructure and utilities, investment facilitation, and strategic global partnerships.

Secretary Frederick Go underscored the need for government, industry, and academe to act with urgency in implementing the Roadmap. Stronger capabilities, better infrastructure, and a more competitive business environment can help attract investments, create quality jobs, and expand the Philippinesโ€™ role in the global semiconductor and electronics industry.

Present during the meeting were Executive Secretary Ralph G.Recto; Department of Trade and Industry (DTI) Undersecretary Ceferino S. Rodolfo; Department of Finance (DOF) Government Corporations and Investments Group (GCIG) Undersecretary Maria Angela E. Ignacio; and Board of Investments (BOI) Manufacturing Industries Service Acting Director Dr. Rose Mendoza.

๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜, ๐—”๐——๐—• ๐˜€๐˜๐—ฟ๐—ฒ๐—ป๐—ด๐˜๐—ต๐—ฒ๐—ป ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ ๐˜๐—ผ ๐—ฎ๐—ฑ๐˜ƒ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐—Ÿ๐˜‚๐˜‡๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐— ๐—ถ๐—ป๐—ฑ๐—ฎ๐—ป๐—ฎ๐—ผThe government held a roundtable ...
03/09/2026

๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜, ๐—”๐——๐—• ๐˜€๐˜๐—ฟ๐—ฒ๐—ป๐—ด๐˜๐—ต๐—ฒ๐—ป ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ ๐˜๐—ผ ๐—ฎ๐—ฑ๐˜ƒ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐—Ÿ๐˜‚๐˜‡๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐— ๐—ถ๐—ป๐—ฑ๐—ฎ๐—ป๐—ฎ๐—ผ

The government held a roundtable discussion with the Asian Development Bank (ADB) Board of Directors to further strengthen partnership and explore ways to respond to the countryโ€™s evolving development needs, particularly across Luzon and Mindanao. ๏ฟฝ๏ฟฝ

The DOF underscored the need for greater support for infrastructure, public-private partnerships (PPPs), local government capacity-building, and initiatives that help unlock the development potential of local communities. The ADB Board reaffirmed its commitment to supporting the Philippinesโ€™s development agenda, building on nearly six decades of partnership and cooperation across key priorities. ๏ฟฝ๏ฟฝ

Representatives from the Department of Finance (DOF), Department of Budget and Management (DBM), Department of Economy, Planning, and Development (DEPDev), Office of Executive Secretary (OES), and Bangko Sentral ng Pilipinas (BSP) participated in the discussion.

๐—ก๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜„๐—ถ๐—ฑ๐—ฒ ๐—ฐ๐—ผ๐—ป๐˜€๐˜‚๐—น๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—ฃ๐—ฟ๐—ผ๐—š๐—ฅ๐—˜๐—ฆ๐—ฆ ๐—•๐—ถ๐—น๐—นThe Department of Finance (DOF) kicked off the first leg of its nationwi...
03/09/2026

๐—ก๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜„๐—ถ๐—ฑ๐—ฒ ๐—ฐ๐—ผ๐—ป๐˜€๐˜‚๐—น๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—ฃ๐—ฟ๐—ผ๐—š๐—ฅ๐—˜๐—ฆ๐—ฆ ๐—•๐—ถ๐—น๐—น

The Department of Finance (DOF) kicked off the first leg of its nationwide stakeholder briefings on the Promoting Growth, Revenue, and Equity towards Socio-Economic Sustainability (ProGRESS) Bill in Manila on September 2, 2026.

The ProGRESS Bill is one of the governmentโ€™s priority reforms designed to stay ahead of evolving economic challenges and seeks to address Filipinosโ€™ most pressing needs.

The DOF engaged stakeholders from the private sector, government, academe, civil society organizations, and media in a productive discussion to gather their insights, recommendations, and feedback to further strengthen the proposed legislation.

In the coming months, the DOF will continue consultations and dialogues with various stakeholders, especially marginalized communities, to ensure a more inclusive and responsive crafting of the bill.

With ProGRESS, the government aims to build a stronger, more resilient economy by protecting the income, health, environment, and future of every Filipino.

Read more: https://www.dof.gov.ph/nationwide-consultations-begin-for-progress-bill/

๐—•๐—ฎ๐˜„๐—ฎ๐˜ ๐—บ๐—ถ๐˜†๐—ฒ๐—บ๐—ฏ๐—ฟ๐—ผ, ๐—ฝ๐—ถ๐—ป๐—ฎ๐—น๐—ฎ๐—น๐—ฎ๐—ธ๐—ฎ๐˜€ ๐—ฎ๐—ป๐—ด ๐—ฝ๐—ฟ๐—ผ๐˜๐—ฒ๐—ธ๐˜€๐˜†๐—ผ๐—ปFinance Secretary and Social Security Commission Chair Frederick D. Go undersc...
03/09/2026

๐—•๐—ฎ๐˜„๐—ฎ๐˜ ๐—บ๐—ถ๐˜†๐—ฒ๐—บ๐—ฏ๐—ฟ๐—ผ, ๐—ฝ๐—ถ๐—ป๐—ฎ๐—น๐—ฎ๐—น๐—ฎ๐—ธ๐—ฎ๐˜€ ๐—ฎ๐—ป๐—ด ๐—ฝ๐—ฟ๐—ผ๐˜๐—ฒ๐—ธ๐˜€๐˜†๐—ผ๐—ป

Finance Secretary and Social Security Commission Chair Frederick D. Go underscored the stronger financial position of the Social Security System (SSS) as it celebrates its 69th anniversary, reinforcing its capacity to protect and serve millions of Filipino workers, pensioners, and beneficiaries.

With the SSS Reserve Fund surpassing PHP 1 trillion for the first time, the institution is better positioned to sustain pensions and benefits for its members. This stronger financial footing is also enabling more responsive services, including the earlier release of the second tranche of pension increases for millions of pensioners.

Secretary Frederick Go highlighted the rollout of SSS LoanLite, which provides members with more accessible and affordable financing for their everyday financial needs. With simpler terms and a lower interest rate, the program offers a safer alternative to high-interest and predatory lending.

As SSS moves toward its 70th year, the Department of Finance remains committed to strengthening social protection and ensuring that every Filipino member can face the future with greater security.

Read more: https://www.sss.gov.ph/news-and-updates/sss-marks-69th-anniversary-with-stronger-member-protection-expanding-services/

โฉ

๐——๐—ข๐—™ ๐—ฎ๐—ป๐—ฑ ๐—ฆ๐—ฎ๐—น๐—บ๐—ผ๐—ป ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ ๐—ฑ๐—ถ๐˜€๐—ฐ๐˜‚๐˜€๐˜€ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—น๐—ผ๐—ฎ๐—ป ๐—ผ๐—ฝ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ถ๐—น๐—ถ๐—ฝ๐—ถ๐—ป๐—ผ๐˜€ ๐ŸคFinance Secretary Frederick D. Go received key o...
03/09/2026

๐——๐—ข๐—™ ๐—ฎ๐—ป๐—ฑ ๐—ฆ๐—ฎ๐—น๐—บ๐—ผ๐—ป ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ ๐—ฑ๐—ถ๐˜€๐—ฐ๐˜‚๐˜€๐˜€ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—น๐—ผ๐—ฎ๐—ป ๐—ผ๐—ฝ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ถ๐—น๐—ถ๐—ฝ๐—ถ๐—ป๐—ผ๐˜€ ๐Ÿค

Finance Secretary Frederick D. Go received key officials of Salmon Group Ltd. for a courtesy meeting to discuss the companyโ€™s plans and initiatives in the Philippines.

The discussion focused on expanding access to loan products for more Filipinos, including overseas Filipino workers (OFWs) and self-employed individuals, while promoting responsible pricing and the continued modernization of financial services.

Both sides also explored opportunities to strengthen their working relationship in support of more accessible, inclusive, and responsive financial services for Filipinos.

Officials who met with Secretary Go were Salmon Group Ltd. Co-Founder and Director Pavel Fedorov; Salmon Bank Co-Founder, Director, and CEO George Chesakov; and Salmon Bank Co-Founder, Director, and Deputy CEO Raffy Montemayor.

๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€, ๐—๐—ฎ๐—ฝ๐—ฎ๐—ป ๐—ฟ๐—ฒ๐—ฎ๐—ณ๐—ณ๐—ถ๐—ฟ๐—บ ๐—ฒ๐—ป๐—ฑ๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ ๐Ÿค๐Ÿ‡ต๐Ÿ‡ญ๐Ÿ‡ฏ๐Ÿ‡ตFinance Secretary Frederick D. Go received now former Japanese Amb...
02/09/2026

๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€, ๐—๐—ฎ๐—ฝ๐—ฎ๐—ป ๐—ฟ๐—ฒ๐—ฎ๐—ณ๐—ณ๐—ถ๐—ฟ๐—บ ๐—ฒ๐—ป๐—ฑ๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ ๐Ÿค๐Ÿ‡ต๐Ÿ‡ญ๐Ÿ‡ฏ๐Ÿ‡ต

Finance Secretary Frederick D. Go received now former Japanese Ambassador Endo Kazuya for a farewell courtesy call, expressing appreciation for his contributions to strengthening economic cooperation between the Philippines and Japan.

Secretary Frederick Go thanked Ambassador Endo for Japan's support for key initiatives, including the Luzon Economic Corridor (LEC) and other areas of cooperation that have helped advance investment, infrastructure, and economic opportunities in the Philippines.

Moving forward, the Philippines and Japan will continue to build on their strong bilateral partnership through closer cooperation in infrastructure, investment, and other areas of mutual interest.

Present at the courtesy call were DOF Undersecretary Joven Z. Balbosa, Undersecretary Atty. Rolando T. Ligon, Jr., and Assistant Secretary Nina R. Asuncion, alongside Japanese Embassy Minister Yokota Naobumi and Finance Attachรฉ Narita Akihiro.

๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜ ๐—–๐—ผ๐—ผ๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—–๐—ผ๐—บ๐—บ๐—ถ๐˜๐˜๐—ฒ๐—ฒ (๐—œ๐—–๐—–) ๐˜€๐˜๐—ฟ๐—ฒ๐—ป๐—ด๐˜๐—ต๐—ฒ๐—ป๐˜€ ๐—ถ๐—บ๐—ฝ๐—น๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ฝ๐—ฟ๐—ถ๐—ผ๐—ฟ๐—ถ๐˜๐˜† ๐—ฝ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐˜€The Investment Coordination Commi...
02/09/2026

๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜ ๐—–๐—ผ๐—ผ๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—–๐—ผ๐—บ๐—บ๐—ถ๐˜๐˜๐—ฒ๐—ฒ (๐—œ๐—–๐—–) ๐˜€๐˜๐—ฟ๐—ฒ๐—ป๐—ด๐˜๐—ต๐—ฒ๐—ป๐˜€ ๐—ถ๐—บ๐—ฝ๐—น๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ฝ๐—ฟ๐—ถ๐—ผ๐—ฟ๐—ถ๐˜๐˜† ๐—ฝ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐˜€

The Investment Coordination Committeeโ€“Cabinet Committee (ICC-CC), chaired by Finance Secretary Frederick D. Go and DEPDev Secretary Arsenio M. Balisacan, approved key project adjustments and implementation extensions to help keep priority government projects on track. This underscores the governmentโ€™s commitment to advancing projects that respond to the needs of Filipinos, particularly in education and infrastructure.

The meeting was attended by ICC members from the Department of Finance (DOF), Department of Economy, Planning, and Development (DEPDev), Department of Budget and Management (DBM), and Office of the President - Office of the Executive Secretary (OP-OES), as well as representatives from implementing agencies, including the Department of Transportation (DOTr), Department of Public Works and Highways (DPWH), and Technical Education and Skills Development Authority (TESDA).

Lubos na pagpupugay mula sa Department of Finance (DOF) ngayong Araw ng mga Bayani.Sama-sama nating alalahanin ang mga b...
31/08/2026

Lubos na pagpupugay mula sa Department of Finance (DOF) ngayong Araw ng mga Bayani.

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