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The Department of Finance and its attached agencies are seeking a total budget of P33.75 billion for fiscal year 2025. Finance Secretary Ralph Recto said the budget aims to support the agency’s core operations and priority programs, such as digitalization for efficient tax administration and public service. He said that the agency is tasked with funding the proposed P6.35 trillion 2025 national budget , of which only P4.64 trillion is supported by revenues.
He added that their New General Appropriations constitute the most significant portion amounting to P29 billion to support the DOF’s core operations and priority programs, such as the digitalization to enhance revenue administration by the Bureau of Customs , customs enhancement by the Bureau of Customs , better financial asset and debt management by the Bureau of the Treasury , and improved local finance administration by the Bureau of Local Government Finance .Of the proposed budget, 41.
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