The Department of Finance exercised the functions pertaining to the income and expenditures of local governments, governed by Presidential Decree No. 477 which were transferred to the Budget Commission the functions of local government budget administration under Presidential Decree No. 1375 which was approved by Ferdinand E. Marcos, President of the Philippines dated May 16, 1978. The local government units shall constitute and include in their administrative organization, an office responsible for budget functions.┬áIt shall provide technical and staff services to the Chief Executive and other local officials on budget matters. Read on »