Following are the general functions of the Department:

• Formulates the overall resource application strategy to match the government’s macro-economic policy;
• Prepares the medium-term expenditure plan, indicating the programming, prioritization, and financing of capital investment and current operating expenditure requirements of medium-term sectoral development plans;
• Undertakes the formulation of the annual national budget in a way that ensures the appropriate prioritization and allocation of funds to support the annual program of government;
• Develops and administers a national accounting system essential to fiscal management and control;
• Conducts a continuing study of the bureaucracy and assesses as well as makes policy recommendation on its role, size, composition, structure and functions to establish a government bureaucracy imbued with a spirit of public service;
• Establishes the rules and procedures for the management of government organization resources i.e., physical, manpower and other resources, formulates standards of organizational program performance; and undertakes or provides services in work simplification or streamlining of systems and procedures to improve efficiency and effectiveness in government operations;
• Conceptualizes and administers the government’s compensation and position classification plan; and
• Monitors and assesses the physical as well as the financial operations of local government units and Government-Owned and/or  Controlled Corporations.