Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City, Metro Manila
NINETEENTH CONGRESS
SECOND REGUIAR SESSION
House Bill No. 9786
DATEi4uLrm  'cO
"8REyEjffi_ed
INTRODUCED BY Rep. ZIAUR-RAIIMAN ALONT0 ADI0NG
EXPI.ANATO RY NOTE
Financial Literacy and Peace Education are essential, interdependent subjects of
study.  The  roots  of conflicts which  threaten  a ].ust  and harmonious  peace  are  often
nourished  by  financial  difficulties.  According  to  a  report  by  the  Bangko  Sentral  ng
Pilipinas, when Filipinos were surveyed on basic financial literacy questions, only 2 out
of lo were able to score perfectly on a lo item test. The World Bank reports that only
25%   of   adult   Filipinos   are   knowledgeable   of  basic   financial   literacy   concepts.
Furthermore, the Philippines ranks 115 out of 163 countries in the 2o23 Global Peace
Index.
The proposed bill seeks to address this dearth of knowledge faced by the Filipino
youth by integrating financial literacy and peace education all throughout the K to 12
basic  education  curriculum.  It is  our fervent hope that through  such  a measure the
youth,  and  by  extension,  the  Filipino  People  are  better  prepared  to  contribute  as
productive and peaceful members of society.


Republic of the Philippines
HOUSE 0F REPRESENTATIVES
Quezon City, Metro Manila
NINETEENTH CONGRESS
SECOND REGUIAR SESSION
HouseBillNo.   978C
INTRODUCED BY Rep. ZIAUR-RAIIMAN ALONTO ADIONG
AVACT
INTEGRATING FINANCIAL I.ITERACY AND PEACE EDUCATION IN THE K
T0 12 BASIC EDUCAHON CURRICULUM, APPROPRIAHNG FUNDS
THEREFORE, AND FOR OTHER PURPOSES
Be  it  enacted  by  the  Senate  and  House  Of  Represenlc[tives  Of  the  Philippines  in
Congress assembled..
Section 1. SHORT TITLE. This act shall be known as the "Financial Literary
and Peace Education Act of 2o24".
Section 2. DECLARATION OF POIjlcY. The State recognizes the vital role of
the youth in nation-building and promotes and protects their physical, moral, spiritual,
intellectual, and social well-being. The State also recognizes the fundamental role of all
educational institutions in the promotion of a culture of peace through the development
of a productive and financially literate citizenry.
Section 3. DEFINITION OF TERMS. As used in this act, the following terms
shall mean:
a.   Fi.ncmci.az   Lz.teraey   -   refers   to   the   cognitive   understanding   of   financial
components  and  skills  such  as budgeting,  investing,  borrowing,  taxation,  and
personal financial management.
b.  Peace  Edrcan.o7i  -  refers  to  the  process  of acquiring  values  and  knowledge,
developing attitudes,  skills and behaviors,  and living in harmony with oneself,
with others and with the natural environment.
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Section 4. SCOPE. All public and private elementary, high school, and senior
high schools are hereby mandated to integrate Financial hiteracy and Peace Education
in the k to 12 curriculum.
Section  5.  INTEGRATION  OF  FINANCIAL  LITERACY AND  PEACE
EDUCATION.   The   State   shall   provide   age-appropriate   and   developmentally-
appropriate Financial Literary and Peace Education which shall be taught by adequately
trained teachers and integrated in relevant subjects such as, but not limited to, Home
Economics, Social Studies, Values Education, or any similar subjects. Financial Literary
and Peace Education shall be integrated in the teaching of subjects in grades  1 to  12
under the K to 12 Basic Education Curriculum. The Depaltment of Education (DepED)
shall formulate a curriculum which shall be used by public schools and may be adopted
by private schools.
Section 6. CAPACITY BUILDING FOR TEACHERS. The DepEd shall cany
out the appropriate training for teachers and educators on Financial Literacy and Peace
Education, as well as provide them with adequate and relevant instructional materials,
in order to develop and enhance their capacity to teach the subject.
Section  7.  ANNUAL  REVIEW  AND  ASSESSMEI`IT.-  The  DepEd  shall
conduct an annual review of the integration of Financial Literacy and Peace Education
in the K to  12 Basic Education Curriculum to ensure its proper implementation and
assess student leaning outcomes for the purpose of determining its efficacy.
The  report shall be  submitted to the  Committees  on  Basic Education  of both
houses of Congress within thirty (3o) days from the termination of the period of review
and assessment.
Section 8. IMPLEMENTING AGENCY.- The DepEd shall be the lead agency
in implementing the provisions of this Act.
Section 9. IMPLEMENTING RUI.ES AND REGUIATI0NS.-Within ninety
(9o)  days  after  the  effectivity  of this  Act,  the  DepEd,  in  consultation  with  relevant
stakeholders,   shall   issue   the   necessary   rules   and   regulations   for   its   effective
implementation.
Section    lo.    APPROPRIATIONS.    The    amount    necessary    for    the
implementation  of this  Act  shall  be  charged  to  the  current  appropriations  for  the
Department of Education. Thereafter, such sums as may be necessary for its continued
implementation shall be included in the annual General Appropriations Act.
Section 11. SEPARABII.ITY CIAUSE. If any provision or part hereof is held
invalid or unconstitutional, the remainder of the law or the provision  not otherwise
affected shall remain valid and subsisting.
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Section 12. REPEALING CIAUSE. Except as otherwise expressly provided in
this Act,  all  other laws,  decrees,  executive  orders,  proclamations  and  administrative
regulations  or  parts  thereof inconsistent  herewith  are  hereby  repealed  or  modified
accordingly.
Section 13. EFFECTIVITY CIAUSE.   This Act shall take effect fifteen (15)
days after its publication in at least two (2) national newspapers of general circulation.
Approved,
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