Local government treasurers must now include all income and expenses related to environment and natural resources revenue, particularly payments by mining and other extractive industries, in their quarterly and annual financial reports. Finance Secretary Carlos Dominguez III issued Department Order No. 049-2016, mandating local treasurers to include in their electronic Statement of Receipts and Expenditure […]
TREASURERS of local government units are now required to include in their quarterly and annual financial reports to the Department of Finance (DOF) all environment and natural resources revenues and expenditures, particularly payments made by mining and other extractive industries to their respective local governments. In a statement on Thursday, the DOF explained that since […]
To All Officials of the Department of the Interior and Local Government (DILG), Department of Budget and Management (DBM), Department of Finance (DOF) through the Bureau of Local Government Finance (BLGF), and the National Economic and Development Authority (NEDA), Provincial Governors, City and Municipal Mayors, Members of the Sanggunian, […]
Subject: ESTABLISHING THE STANDARDIZED EXAMINATION AND ASSESSMENT FOR LOCAL TREASURY SERVICE (SEAL) PROGRAM WHEREAS, the Secretary of Finance is mandated to appoint local treasurers and assistant treasurers of all provinces, cities, and municipalities across the country, pursuant to Sec. 470 and Sec. 471 of the Local Government Code (LGC) of 1991; WHEREAS, local treasurers and […]
“BSP Circular No. 926, series of 2016 dated 13 September 2016: Guidelines in Processing Request for MB Opinion on the Monetary and Balance of Payments, Application of Proposed Domestic Borrowings of Government Entities pursuant to Section 123 of Republic Act No. 7653” MANILA – The Bangko Sentral ng Pilipinas (BSP) conducted a public information campaign […]
MANILA – During President Rodrigo Roa Duterte’s inaugural address, he underscored the need “to reduce requirements and the processing time of all applications from the submission to the release”. This was restated during the first DOF flag-raising ceremony by the incoming Secretary of Finance Carlos G. Dominguez, “to improve work quality, accelerate processing and receive […]
TO : All BLGF Officials and Employees, Provincial, City and Municipal Treasurers and Assistant Local Treasurers, and Others Concerned FROM : NIÑO RAYMOND B. ALVINA OIC Executive Director SUBJECT : Memorandum Circular No. 06 entitled “ENJOINING ALL GOVERNMENT OFFICIALS AND EMPLOYEES TO STRICTLY […]
DOF Undersecretary Bayani Agabin joins top officials of DILG, DBM and NEDA in signing the Joint Memorandum Circular No. 1-2016 setting the framework and policy for a more coordinated approach towards improving local government units’ public financial management in ensuring harmonized and synchronized policies, systems and procedures in planning, budgeting, investment programming, and resource mobilization. […]
Dear Editor: First and foremost, the Bureau of Local Government Finance (BLGF) would like to express our gratitude to the Philippine Star for featuring in its business pages the fiscal performance of the local government units (LGUs) using the Department of Finance (DOF) data evidently sourced from the Statement of Receipts and Expenditures (SRE) data […]
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