The Ministry of Finance specifically is responsible for the management and execution of budget, collection of taxes, organization and control of public expenditures and payments to the government and finally the management of Custom Affairs.
The Financial Policy Institute, coming under the Ministry of Finance, is liable for the preparation and updating of short-term and medium-term macroeconomic forecasts for the economy of the Philippines.
The Chinese Ministry of Finance plans, prepares and manages the Government of China’s budget and public debt. This is carried out by preparing legislation, planning revenues and expenditures, managing and supervising the budgetary spending process and preparing a framework for economic policy and development.
The Ministry of Finance administers the national finance in the collection of revenues, the management of the Crown Property and disbursement of royal fund.
