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Mandate 

Sections 1, 2, and 8, Art. IX of Republic Act 9054 provides the Autonomous Region in Muslim Mindanao (ARMM) the power to generate and budget its own revenues, fiscal autonomy, and sources of revenues.

ARMM through Muslim Mindanao Autonomy Act (MMAA) no. 10 created the Office of the Regional Treasurer (ORT) with the mandate of executing the fiscal policy of the region which states: “It is the declared policy of the Autonomous Regional Government to evolve a system of sound and efficient management of its financial resources to ensure that said resources are generated and managed in accordance with regional law and applicable existing national policies”.

 

Given the abovementioned mandate, ORT has been given the main responsibility of generating and managing regional revenues for the ARMM. This is the reason why the Office has been mandated to collect the taxes, fees, and charges provided under MMA Act no. 49, the ARMM Revenue Code.

In addition, ORT performs functions on fund custody, treasury banking, LGU/regional/national revenue generation networking, regional budgeting, and fund management.

 

Vision 

The Autonomous Region in Muslim Mindanao (ARMM) Regional Treasury is a financial institution working as a catalyst for developing a sound fiscal management, progressive and modern revenue generation systems, and exemplifying service excellence.

 

Mission

To carry out the ARMM Policy of evolving a system of sound and efficient management of financial resources and to ensure that said resources are generated and managed in accordance with regional law, and applicable existing national policies.

 

 

Functions

1.  Act as the principal custodian of all funds of the Autonomous Regional  Government;

2. Assist in formulation of, and execute, policies on financial management, public borrowings and capital market development;

3.  Formulate annual projections of revenue needs, cash position and borrowing capacity of the Autonomous Regional Government;

4.  Assist the Office of the Regional Governor in preparing the budgetary proposals of all offices, bureaus and departments of the Autonomous Regional Government for submissions to and enactment by the Regional Assembly:

5.  Maintains accounts of the financial transactions of all departments, bureaus, and offices of the Autonomous Regional Government;

6.  Manages the cash resources of the Autonomous Regional Government and perform banking functions in relation to receipts and disbursements of Regional funds;

7.  Adopt implementing strategies for efficient collection of revenues, taxes, fees, and charges;

8.  Conduct research and formulate plan for the creation of revenue sources and submit the same for enactment by the Regional Assembly;

9.  Certify as to the availability of funds and/or expected funding sources and income estimates for RLA Bills requiring special appropriations;

10.  Releases directly, in a prescribed and authenticated format, to the offices, bureaus, departments and agencies of the Autonomous Regional Government their respective funding in accordance with the approved Regional General Appropriations Act;

11.  Manage, control and service public debts from domestic or foreign sources;

12.  Undertake  all possible measures to see to it that all funds in the Regional Treasury shall be released and disbursed in accordance with Regional appropriation;

13.  Appoint and discipline any employee under it, in accordance with the Civil Service Law; and

14.  Perform such other powers and functions as may be authorized by regional law;

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