Section 1
SECTION 1. There shall be created in each Executive Department whose annual budget exceeds P200 million, the position of Assistant Secretary for Finance and Management which shall provide the Secretary Advice and assistance on financial, budgetary, accounting, and management matters pertaining to the Department and the bureaus and agencies under it; shall supervise the coordinated preparation and implementation of annual and long-term financial and work plans and budget estimates of these offices; shall conduct periodic department-wide performance financial review; shall design and implement, subject to approval and in coordination with other offices concerned, improvements in financial management systems, procedures and practices and shall coordinate with the Budget Commission, Department of Finance, Commission on Audit and other agencies in ensuring that government resources are effectively and efficiently used.