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In Economics / Senior High School | 2025-05-29

17. What is the main role of the Department of Finance in the Philippines?
A. Managing international diplomacy
B. Collecting customs duties
C. Managing national government’s revenue and expenditures
D. Supervising local elections

Asked by pikoot8616

Answer (1)

The answer is letter C. Managing national government’s revenue and expendituresThe Department of Finance (DOF) makes sure the government collects enough money through taxes and uses it wisely. It also handles borrowing and repayment of national debts.The DOF plays a key role in preparing the national budget and coordinating with agencies like the Bureau of Internal Revenue (BIR) and Bureau of Customs. When managed well, the DOF helps the country grow and meet its financial goals.

Answered by MaximoRykei | 2025-05-31

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