Title
Reorganization of Bureau of Treasury
Law
Executive Order No. 449
Decision Date
Oct 7, 1997
Executive Order No. 449 realigns the functions of the Bureau of the Treasury in the Philippines, including its responsibilities in policy formulation, cash management, and securities administration, with the aim of increasing liquidity and stabilizing the value of government securities.
A

Organizational Structure of the Bureau

  • Headed by the Treasurer of the Philippines (TOP), appointed by the President on the Secretary of Finance's recommendation.
  • Includes the Office of the Treasurer directly assisted by:
    • Legal Service: Provides legal advice, handles litigation, enforces regulations, investigates administrative cases.
    • Internal Audit and Security Service: Conducts control reviews, audits payments, enforces security, provides cash escort services.

Planning and Policy Subsector

  • Headed by a Deputy Treasurer appointed by the President.
  • Research Service responsibilities:
    • Coordinate preparation of annual funding plans with government agencies.
    • Formulate and recommend cash resources, debt, and financial asset management policies.
    • Assess policy implementation results.
    • Provide technical assistance on fund management, securities, debt management.
    • Conduct research and policy studies for treasury improvements.

Operations Subsector

  • Headed by a Deputy Treasurer appointed by the President.
  • Asset Management Service:
    • Manage cash receipts and disbursements.
    • Optimize earnings through investments and prompt obligation servicing.
    • Administer Bond Sinking Fund and Securities Stabilization Fund.
    • Ensure timely deposit and accurate collection crediting by authorized banks.
    • Custodian of government securities and non-cash accounts.
  • Liability Management Service:
    • Link government revenue and expenditure operations.
    • Assist in public borrowing policy and loan management.
    • Participate in debt programming with relevant agencies.
    • Monitor public debt status and document inventory.

Auxiliary Subsector

  • Headed by a Deputy Treasurer appointed by the President.
  • Accounting Service:
    • Account for all receipts and disbursements including obligations and special funds.
    • Compute guarantee fees, interest, and prepare billing statements.
    • Maintain subsidiary ledger accounts and financial reports.
  • Administrative Service:
    • Provide general housekeeping and procurement services.
    • Manage personnel functions including recruitment, promotion, training.
  • Management Information Systems Service:
    • Support computer-related operational needs across the Bureau.

Regional Offices

  • Include Provincial/District Offices reporting directly to the TOP.
  • Examine books of national collecting officers and local treasurers.
  • Provide technical advice and support on treasury laws and regulations.
  • Recommend Fidelity Bond claims for payment.
  • Consolidate daily national collections and disbursement reports.

Funding Provisions

  • Necessary funds for implementation shall be sourced from the Bureau's available funds.

Redeployment of Personnel

  • The TOP may redeploy officials and employees in line with realigned functions.
  • Redeployment must avoid dislocation, rank or compensation reduction.
  • Must comply with Civil Service laws and rules.

Implementation and Effectivity

  • The TOP shall prepare implementing rules and regulations subject to Secretary of Finance approval.
  • Submission of detailed organizational structure, functional statements, and staffing patterns for Budget Department review is required.
  • The Executive Order takes effect immediately upon issuance.

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