Control and Supervision
- SERG is directly under the Secretary of Finance.
- An Undersecretary and Assistant Secretary designated by the Secretary of Finance will oversee SERG’s operations.
Structure and Offices within SERG
- Comprises two main offices, each led by a Director IV and assisted by a Director III:
- Strategy and Results Office (SRO)
- Develops strategy maps/plans aligning fiscal priorities with socioeconomic goals and legislative/executive action.
- Provides fiscal policy advice and quality assurance on decisions by DOF officials and Economic Development Cluster (EDC).
- Maintains a data bank on fiscal economic insights and monitors progress of priority fiscal reforms.
- Builds reform coalitions involving public, private sectors, and civil society.
- Organized into Project Teams headed by Project Managers to pursue and gain support for fiscal reforms.
- Fiscal Economics Research Office (FERO)
- Conducts research on priority programs ensuring fiscal sustainability and poverty reduction.
- Simulates economic impacts of strategic tax reforms and fiscal initiatives.
- Monitors and reports economic and fiscal risks, providing timely technical notes.
- Analyzes the equity and economic impact of fiscal proposals from various stakeholders.
- Engages with development partners, investors, and rating agencies to bolster market confidence.
- Organized into Divisions with Division Chiefs for focused policy studies.
Personnel and Staffing
- SERG’s staffing includes organic personnel approved by the Department of Budget and Management (DBM) on the Finance Secretary’s recommendation.
- Can be augmented by existing DOF staff and personnel seconded from other government agencies.
- May hire technical consultants to support its mandate with approval from the Secretary of Finance.
Duration and Term
- SERG’s existence is co-terminous with the tenure of the current Secretary of Finance serving under the incumbent Administration.
Implementation Guidelines
- The Secretary of Finance is authorized to issue implementing guidelines and procedures for SERG’s effective operation, ensuring transparency and accountability.
Funding Sources
- Funding will come from appropriations under the General Appropriations Act and comply with government budgeting and accounting rules.
- The Secretary of Finance may also utilize international grants and loans to support SERG’s mandate.
Legal and Administrative Provisions
- Any invalid or unconstitutional provisions in the Order shall not affect the remaining provisions.
- Conflicting existing orders, rules, or regulations are repealed, amended, or modified accordingly.
Effectivity
- The Executive Order creating SERG takes effect immediately upon release.