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Examine, audit and settle all accounts pertaining to the revenues and receipts of, and expenditures or uses of funds and property, owned or held in trust by, or pertaining to, the Government
Conceptualizes and administers the government’s compensation and position classification plan
Formulates the overall resource application strategy to match the government’s macro economic policy
Act as principal custodian of financial assets of the NG, its agencies and instrumentalities
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Maintains books of accounts of the cash transactions
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Keep the general accounts of government and preserve the vouchers and supporting papers pertaining thereto.
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Monitors and assesses the physical as well as the financial operations of LGUs and GOCCs
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Manage the cash resources, collect taxes made by NG and guarantee forward cover fees due NG, control and services its public debts, both foreign or domestic
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Undertakes the formulation of the annual national budget in a way that ensures the appropriate prioritization and allocation of funds to support the annual program of government
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Promulgate accounting and auditing rules and regulations including those for the prevention and disallowance of irregular, unnecessary, excessive, extravagant or unconscionable expenditures, or uses of government funds and properties
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Perform such other related functions as may be assigned to it by competent authorities.
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Conducts a continuing study of the bureaucracy and assesses as well as makes policy recommendation on its role, size, composition, structure and functions to establish a government bureaucracy imbued with a spirit of public service
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Issue, service, redeems government securities for the account of NG as maybe authorized by the President pursuant to law
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Promulgate accounting and auditing rules and regulations including those for the prevention and disallowance of irregular, unnecessary, excessive, extravagant or unconscionable expenditures, or uses of government funds and properties
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Prepares the medium term expenditure plan indicating the programming, prioritization, and financing of capital investment and current operating expenditure requirements of medium term sectoral development plans
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Develops and administers a national accounting system essential to fiscal management and control.
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Bond all accountable public officials and employees pursuant to the provisions of the Public Bonding Law and issue appropriate guidelines therefore
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Recommend measures to improve the efficiency and effectiveness of government operations.
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Decide any case brought before it within 60 days. 7. Performs such other duties and functions as may be provided by law
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Establishes the rules and procedures for the management of government organization resources, i.e., physical, manpower and other resources, formulates standards of organization program performance; and undertakes or provides services in work simplification or streamlining of systems and procedures to improve efficiency and effectiveness in government operations
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Assist in the formulation of policies on borrowing, investment and capital market development
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Formulate adequate operations guidelines for fiscal and financial policies
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Assist in the preparation by government agencies concerned of an annual program for revenue and expenditure targets, borrowing levels and cash balances of NG
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Administer the Securities Stabilization Fund by purchase and sale in the open market of government bills and bonds to increase the liquidity and stabilize the value of said securities in order to promote private investment in government securities
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