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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. __ 
Introduced by Representative Jose Manuel F. Alba 
AN ACT 
DECLARING A NATIONAL POLICY THE INTEGRATION OF FINANCIAL 
LITERACY IN OUR EDUCATION SYSTEM AS A TOOL FOR POVERTY 
ALLEVIATION AND NATIONAL DEVELOPMENT 
EXPLANATORY NOTE 
According to findings, financial education is exceptionally relevant 
now as the standard of living keeps on rising alongside the prices of 
necessities. Financial education, however, is not given optimal attention by 
our society and by the State. 
Thus, this proposed measure seeks to declare a national policy 
promoting financial literacy as a tool for poverty alleviation and national 
development. 
Financial education is an important tool in achieving financial 
inclusion, financial stability, economic growth, and development. It is 
believed that financial literacy program plays an important role in reducing 
economic inequalities, empowering practically all citizens, and addressing 
the information asymmetries between financial intermediaries and their 
customers. Financial literacy is also considered to be helpful in preparing 
consumers for tough financial times. 
For emerging economies, financially educated consumers can help 
ensure that the financial sector makes an effective contribution to real 
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economic growth and poverty reduction. 
The proposed measure pushes for a collective and inclusive approach 
in promoting financial education. Schools and workplaces will then be 
utilized as learning environments, integrating financial literacy in anti-
poverty programs, and multi-channel delivery of learning tools and 
information. 
To institutionalize the promotion and integration of financial 
educations, the proposed measure creates the National Financial Literacy 
Council (NFLC). The NFLC will be responsible in formulating a national plan 
regarding financial education. 
In view of the foregoing, the immediate passage of this measure is 
earnestly sought. 
JOSE MANUEL F. ALBA 
Representative, 1st District, Bukidnon 


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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. __ 
Introduced by Representative Jose Manuel F. Alba 
` 
AN ACT 
DECLARING A NATIONAL POLICY THE INTEGRATION OF FINANCIAL 
LITERACY IN OUR EDUCATION SYSTEM AS A TOOL FOR POVERTY 
ALLEVIATION AND NATIONAL DEVELOPMENT 
Be it enacted by the Senate and House of Representatives of the Philippines 
in Congress assembled: 
SECTION 1. Short Title. – This Act shall be known as the “Financial 
Literacy Integration Act of 2025.” 
SECTION 2. Declaration of Policy. – The State declares financial 
education as a vital tool in improving the socio-economic welfare of all 
Filipinos, which must be harnessed in developing a robust, inclusive, and 
sustainable national economy. 
Towards this end, the State shall seek to: 
a. Financial literacy in young Filipinos by incorporating its modules to
the basic education system;
b. Integrate financial education in the implementation of poverty
alleviation programs to ensure their effectivity and sustainability;
c. Promote financial education in all government and private workplaces;
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d. Disseminate financial education materials to a wide audience through 
various media platforms; 
e. Introduce a separate subject on financial education in primary 
education to tertiary education; and 
f. Provide a financial education program for overseas Filipino workers 
(OFWs). 
 
SECTION 3. Definition of Terms. – For purposes of this Act, the 
following terms are hereby defined: 
 
a. Financial literacy – the combination of one's understanding of 
financial products and concepts; and ability and confidence to 
appreciate financial risks and opportunities, to make informed 
choices, to know where to go for help, and to take other effective 
actions to improve financial well-being; 
 
b. Financial literacy materials — include all materials that can be used 
as study or reference materials to enhance financial literacy; 
 
c. Financial literacy module – a module used in schools that is used to 
teach financial literacy to learners; 
 
d. Poverty alleviation program – a program initiated by the national or 
local government that helps the poor gain access to economic 
opportunities that promote sustainable livelihood, as well as social 
services, such as education and healthcare. 
 
SECTION 4. Creation National Financial Literacy Council. – There 
shall be created a National Financial Literacy Council (NFLC) 
composed of the following: 
 
Ex-officio members –   
a. Secretary of Education or a representative; 


 
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b. Governor of the Bangko Sentral ng Pilipinas or a representative; 
c. Secretary of Labor and Employment or a representative; 
d. Chairperson of the Civil Service Commission or a representative; 
e. Director General of the Philippine Information Agency or a 
representative; 
f. Director General of Technical Education and Skills Authority 
(TESDA) or a representative; 
 
Appointive members –  
a. Two (2) representatives from the rural banking sector; 
b. A representative from civil society organizations; and, 
c. A representative from the academe. 
 
The Secretary of Education shall serve as Chairperson of the NFLC 
while the Governor of BSP shall serve as Vice-Chan-person. The selection, 
appointment, and term of office of the appointive members shall be in 
accordance with the pertinent provisions of Republic Act No. 10149, 
otherwise known as the GOCC Governance Act of 2011. 
 
SECTION 5. Duties of the NFLC. – The NFLC shall perform the 
following duties: 
 
a. Formulate a national plan of action for the implementation of this 
Act, which will include: 
 
1. Crafting of financial education modules and their integration 
into the curriculum of all levels of basic education. 
2. Mandating the conduct of financial education sessions for all 
beneficiaries of state-sponsored poverty alleviation programs, 
particularly those that provide grants or subsidies; 
3. Setting the guidelines to encourage public and private 
employers to implement financial literacy programs for their 
employees; and, 


 
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4. Disseminating of, at least once every month, financial 
education materials in all media platforms such as but not 
limited to television, radio, print media, online media, and 
social media. 
 
b. Recommend to the President and the Congress all policy matters 
related to the promotion of financial education; 
 
c. Coordinate and integrate various government and private sector 
activities relating to financial education; 
 
d. Promote the exchange of information on financial education 
between public and private sectors;  
 
e. Perform monitoring and regular impact evaluations of financial 
education programs; and 
 
f. Exercise such other powers as may be necessary to carry out the 
purposes of this Act. 
 
SECTION 6. Creation of the Financial Literacy Promotions Office. – 
There shall be a Financial Literacy Promotions Office (FLPO) to be attached 
to the Department of Education. 
 
The FLPO shall perform the following functions: 
 
a. Coordinate the preparation of position papers and background 
materials for discussion or approval during NFLC meetings; 
b. Assist the NFLC in coordinating and monitoring financial literacy 
programs and activities of all government agencies and the private 
sector; 
c. Submit periodic reports to the NFLC on the progress and 
accomplishment of its work programs; 


 
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d. Prepare a yearly report on the status of financial literacy in the 
country and; 
e. Perform ad hoc functions as authorized by the NFLC. 
 
SECTION 7. Implementation in Workplaces. – It is hereby mandated 
that all private entities, through its Human Resources Department (HRD) or 
its equivalent, shall include modules of the same subject in its employee 
orientation or training programs. Seminars may also be held in this regard 
depending on what the respective HRD deems appropriate. 
 
Government offices, government-owned and controlled corporations, 
national agencies, and local government units shall likewise observe the 
same practice across the board. 
 
It is also hereby mandated that the anti-poverty alleviation programs 
of the Department of Social Welfare and Development (DSWD) such as the 
Pantawid Pamilya Program (4Ps), KALAHI-CIDDS, and the TUPAD program 
of the Department of Labor and Employment (DOLE) include Financial 
Literacy in their trainings. 
 
Further, all TESDA training courses shall include Financial Literacy 
training in all their training modules. 
 
SECTION 8. Implementing Rules and Regulations. – Within sixty (60) 
days from the approval of this Act, the Secretary of Education, in 
consultation with the heads of the DSWD, DOLE, CSC, BSP, TESDA and 
PIA, shall formulate the 
 and regulations implementing the provisions 
of this Act. 
 
SECTION 9. Appropriation. – The amount necessary for the initial 
implementation of this Act shall be charged against the appropriations of 
the Department of Finance under the current General Appropriations Act 


 
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(GAA). Thereafter, the amount for its full implementation shall be included 
in the GAA as a distinct and separate item. 
 
SECTION 10. Repealing Clause. – All laws, decrees, executive orders, 
proclamations, rules and regulations, or parts thereof inconsistent 
herewith are hereby repealed or modified accordingly. 
 
SECTION 11. Separability Clause. – If any provision of this Act is 
held invalid or unconstitutional, the other provisions not affected hereby 
shall remain valid and subsisting. 
 
SECTION 12. Effectivity. – This Act shall take effect fifteen (15) days 
after publication in the Official Gazette or in a newspaper of general 
circulation.  
 
Approved,