Secretary of Finance (Philippines)

According to the Administrative Code of 1987, the following are the powers and functions of a secretary: • 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) Secretary of the Treasury (1897) Secretary of Finance (1898–1899) Secretary of Finance and Justice (1901–1917) 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. Secretary of Finance (1935–1941) 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. Commissioner of Finance (1942–1943) Minister of Finance (1943–1945) 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. 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. 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. == Notes ==