Secretary of Finance (Philippines)
| Secretary of Finance | |
|---|---|
| Kalihim ng Pananalapi | |
Official seal of the Department of Finance | |
since November 17, 2025 | |
| Style | The Honorable |
| Appointer | The president with the consent of the Commission on Appointments |
| Term length | No fixed term |
| Inaugural holder | Baldomero Aguinaldo |
| Formation | April 1897 |
| Website | dof.gov.ph |
The Secretary of Finance (Filipino: kalihim ng pananalapi) is the cabinet member of the Philippines in charge of the Department of Finance.
Frederick Go has been the current Secretary of Finance since November 17, 2025
Powers and functions
According to the Administrative Code of 1987, the following are the powers and functions of a secretary:[1]
- Advise the president on matters under a department's jurisdiction;
- Establish the policies and standards for a department's operation;
- Promulgate rules and regulations;
- Promulgate administrative issuances;
- Exercise disciplinary powers over officers and employees under a secretary;
- Appoint officers and employees in a department;
- Exercise jurisdiction over a department's bureaus, offices, agencies, and corporations;
- Delegate authority to officers and employees;
- Perform other functions provided by law.
List of Secretaries of finance
Director of Finance (1897)
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Baldomero Aguinaldo (1869–1915) |
April 24, 1897 |
November 1, 1897 |
Emilio Aguinaldo |
Secretary of the Treasury (1897)
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Baldomero Aguinaldo (1869–1915) |
November 1, 1897 |
December 15, 1897 |
Emilio Aguinaldo |
Secretary of Finance (1898–1899)
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Mariano Trías (1868–1914) |
January 23, 1899 |
May 7, 1899 |
Emilio Aguinaldo | |
| Hugo Ilagan | May 7, 1899 |
November 13, 1899 |
Secretary of Finance and Justice (1901–1917)
| Portrait | Name (Birth–Death) |
Took office | Left office | Governor-General |
|---|---|---|---|---|
| Henry Clay Ide (1844–1921) [2] |
September 1, 1901 |
June 30, 1908 |
William Howard Taft | |
| Luke Edward Wright | ||||
| Henry Clay Ide | ||||
| James Francis Smith | ||||
| Gregorio S. Araneta (1869–1930) [3] |
July 1, 1908 |
October 30, 1913 | ||
| William Cameron Forbes | ||||
| Newton W. Gilbert | ||||
| Francis Burton Harrison | ||||
| Victorino Mapa (1855–1927) [4] |
October 30, 1913 |
January 1, 1917 |
Secretary of Finance (1917–1935)
Act No. 2666 was passed on November 18, 1916, creating the Department of Finance from the Department of Finance and Justice as of January 1, 1917.[5]
| Portrait | Name (Birth–Death) |
Took office | Left office | Governor-General |
|---|---|---|---|---|
| Victorino Mapa (1855–1927) |
January 1, 1917 |
January 15, 1917 |
Francis Burton Harrison | |
| Alberto Barretto [6] |
January 15, 1917 |
July 17, 1928 | ||
| Charles Yeater | ||||
| Leonard Wood | ||||
| Eugene Allen Gilmore | ||||
| Henry L. Stimson | ||||
| Miguel Unson[a] [6][7] |
July 17, 1928 |
August 14, 1928 | ||
| August 14, 1928 |
December 13, 1931 | |||
| Eugene Allen Gilmore | ||||
| Dwight F. Davis | ||||
| Vicente Carmona Acting [8] |
January 1, 1932 |
December 31, 1932 | ||
| George C. Butte | ||||
| Theodore Roosevelt Jr. | ||||
| Rafael Alunan Sr. (1885–1947) |
January 1, 1933 |
April 30, 1933 | ||
| Vicente Singson Encarnacion (1875–1961) Acting [9] |
April 30, 1933 |
July 24, 1934 | ||
| Frank Murphy | ||||
| Elpidio Quirino (1890–1956) |
July 25, 1934 |
November 15, 1935 |
Secretary of Finance (1935–1941)
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Elpidio Quirino (1890–1956) |
November 15, 1935 |
February 18, 1936 |
Manuel L. Quezon | |
| Antonio de las Alas (1889–1983) |
February 19, 1936 |
November 15, 1938 | ||
| Manuel Roxas (1892–1948) |
November 26, 1938 |
August 28, 1941 | ||
| Serafin Marabut | August 28, 1941 |
December 24, 1941 |
Secretary of Finance, Agriculture and Commerce (1941–1944)
President Manuel L. Quezon issued Executive Order No. 396 on December 24, 1941, reorganizing the Department of Finance as the Department of Finance, Agriculture, and Commerce.[10]
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| José Abad Santos (1886–1942) [11] |
December 24, 1941 |
March 26, 1942 |
Manuel L. Quezon | |
| Andrés Soriano (1898–1964) [11] |
March 26, 1942 |
July 31, 1944 |
Commissioner of Finance (1942–1943)
| Portrait | Name (Birth–Death) |
Took office | Left office | Chairman of the Philippine Executive Commission |
|---|---|---|---|---|
| Antonio de las Alas (1889–1983) [12] |
January 26, 1942 |
October 14, 1943 |
Jorge B. Vargas |
Minister of Finance (1943–1945)
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Antonio de las Alas (1889–1983) [12] |
October 14, 1943 |
March 20, 1945 |
Jose P. Laurel |
Secretary of Finance (1944–1978)
President Sergio Osmeña issued Executive Order No. 15-W on August 8, 1944, creating the Department of Finance from the Department of Finance, Agriculture, and Commerce.[13]
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Jaime Hernandez | August 8, 1944 |
May 27, 1946 |
Sergio Osmeña | |
| Elpidio Quirino[b] (1890–1956) |
May 28, 1946 |
November 24, 1946 |
Manuel Roxas | |
| Miguel Cuaderno Sr. (1890–1975) |
November 25, 1946 |
January 2, 1949 | ||
| Elpidio Quirino | ||||
| Jaime Hernandez | January 1949 |
January 1952 | ||
| Aurelio Montinola Sr. | January 1952 |
December 1953 | ||
| Jaime Hernandez | December 1953 |
January 1960 |
Ramon Magsaysay | |
| Carlos P. Garcia | ||||
| Dominador Aytona (1918–2017) |
January 25, 1960 |
December 29, 1961 | ||
| Fernando Sison | January 2, 1962 |
July 31, 1962 |
Diosdado Macapagal | |
| Rodrigo Perez | August 1, 1962 |
January 7, 1964 | ||
| Rufino Hechanova | January 8, 1964 |
December 13, 1965 | ||
| Eduardo Romualdez (1909–2001) |
January 1, 1966 |
February 4, 1970 |
Ferdinand Marcos | |
| Cesar Virata (born 1930) |
February 9, 1970 |
June 2, 1978 |
Minister of Finance (1978–1987)
President Ferdinand Marcos issued Presidential Decree No. 1397 on June 2, 1978, converting all departments into ministries headed by ministers.[14]
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Cesar Virata (born 1930) |
June 2, 1978 |
March 3, 1986 |
Ferdinand Marcos | |
| Jaime Ongpin (1939–1987) |
March 26, 1986 |
February 11, 1987 |
Corazon Aquino |
Secretary of Finance (from 1987)
President Corazon Aquino issued Administrative Order No. 15 on February 11, 1987, converting all ministries into departments headed by secretaries.[15]
| Portrait | Name (Birth–Death) |
Took office | Left office | President |
|---|---|---|---|---|
| Jaime Ongpin (1939–1987) |
February 11, 1987 |
September 14, 1987 |
Corazon Aquino | |
| Vicente Jayme | September 15, 1987 |
December 1989 | ||
| Jesus Estanislao | January 1, 1990 |
June 30, 1992 | ||
| Ramon del Rosario | July 1, 1992 |
June 1, 1993 |
Fidel V. Ramos | |
| Ernest Leung | June 2, 1993 |
January 31, 1994 | ||
| Roberto de Ocampo | February 1, 1994 |
March 30, 1998 | ||
| Salvador Enriquez | April 1, 1998 |
June 30, 1998 | ||
| Edgardo Espiritu (1935–2025) |
July 1, 1998 |
December 31, 1999 |
Joseph Estrada | |
| Jose Pardo | January 2, 2000 |
January 20, 2001 | ||
| Alberto Romulo (born 1933) |
January 23, 2001 |
June 30, 2001 |
Gloria Macapagal Arroyo | |
| Jose Isidro Camacho (born 1955) |
June 30, 2001 |
November 30, 2003 | ||
| Juanita Amatong (born 1935) |
December 1, 2003 |
February 14, 2005 | ||
| Cesar Purisima (born 1960) |
February 15, 2005 |
July 15, 2005 | ||
| Margarito Teves (born 1943) |
July 22, 2005 |
June 30, 2010 | ||
| Cesar Purisima (born 1960) [16] |
June 30, 2010 |
June 30, 2016 |
Benigno Aquino III | |
| Carlos Dominguez III (born 1945) [17] |
June 30, 2016 |
June 30, 2022 |
Rodrigo Duterte | |
| Benjamin Diokno (born 1948) |
June 30, 2022 |
January 12, 2024 |
Bongbong Marcos | |
| Ralph Recto (born 1964) |
January 12, 2024 |
November 17, 2025 | ||
| Frederick Go (born 1970) |
November 17, 2025 |
Incumbent |
Notes
References
- ^ "Executive Order No. 292 [BOOK IV/Chapter 2-Secretaries, Undersecretaries, and Assistant Secretaries]". Official Gazette of the Republic of the Philippines. This article incorporates text from this source, which is in the public domain.
- ^ Public Laws and Resolutions Passed by the United States Philippine Commission. Washington: Government Printing Office. 1901. p. 737.
- ^ Journal of the Philippine Commission Being the Second Session of the First Philippine Legislature. Manila: Bureau of Printing. 1910. pp. 137–138.
- ^ Journal of the Philippine Commission Being the Second Session, October 16, 1913, to February 3, 1914, and A Special Session, February 6, 1914, to February 28, 1914, of the Third Philippine Legislature. Manila: Bureau of Printing. 1914. p. 25.
- ^ "Act No. 2666. - AN ACT TO REORGANIZE THE EXECUTIVE DEPARTMENTS OF THE GOVERNMENT OF THE PHILIPPINE ISLANDS". Supreme Court E-Library.
- ^ a b Annual Report of the Governor General Philippine Islands, 1923. Washington: Government Printing Office. 1925. p. 123.
- ^ Official Roster of Officers and Employees in the Civil Service of the Philippine Islands, December 31, 1928. Manila: Bureau of Printing. 1928. p. 59.
- ^ Official Register of the United States, 1932. Washington: Government Printing Office. 1932. p. 42.
- ^ Official Register of the United States, 1934. Washington: Government Printing Office. 1935. p. 41.
- ^ "Executive Order No. 396, s. 1941". Official Gazette of the Republic of the Philippines.
- ^ a b The Sixth Annual Report of the United States High Commissioner to the Philippine Islands to the President and Congress of the United States Covering the Fiscal Year July 1, 1941 to June 30, 1942. Washington: Government Printing Office. 1943. p. 79.
- ^ a b Official Gazette Vol. 1, No. 1. Manila: Bureau of Printing. 1942. p. 15.
- ^ "Executive Order No. 15-W, s. 1944". Official Gazette of the Republic of the Philippines.
- ^ "Presidential Decree No. 1397, s. 1978". Official Gazette of the Republic of the Philippines.
- ^ "Administrative Order No. 15, s. 1987". Official Gazette of the Republic of the Philippines.
- ^ "Benigno S. Aquino III". Presidential Museum and Library. Archived from the original on July 6, 2016. Retrieved June 25, 2022.
- ^ Viray, Patricia Lourdes (June 30, 2016). "Duterte's Cabinet takes oath, holds first meeting". The Philippine Star. Archived from the original on July 1, 2016.