The PFM reform programme signifies the Philippine government’s commitment to building an open government founded on the principles of efficiency, transparency, accountability, and good governance, said ADB Philippines Country Director Pavit Ramachandran in the bank’s news release.
It not only strengthens the efficiency and transparency of public funds, but also promotes private sector roles in public services, as well as climate resilience and preparedness for Philippine people.
The programme is anchored in the government’s PFM Reforms Roadmap 2024 - 2028, developed in partnership with the ADB and endorsed by President Ferdinand R. Marcos Jr. Features include the digital transformation of PFM systems and creating an enabling regulatory framework for public - private partnerships./.