The Philippines–Australia Public Financial Management Program (PFMP) is a joint initiative of the Governments of Australia and the Philippines to improve the efficiency, accountability, and transparency of public fund use in the Philippines. Through the Department of Foreign Affairs and Trade (DFAT), the Australian Government has committed A$ 30 million to the Program for a period of five years (2011 to 2016).
The Program commenced in October 2011 and is directly assisting the Philippine Government to implement its Public Financial Management (PFM) Reform Roadmap. This comprehensive PFM reform agenda aims to clarify, simplify, improve and harmonise the financial management processes and information systems in the Philippine bureaucracy.
For 2016, the PFMP continues to support the core PFM reforms, at the same time, focus on transport infrastructure in relation to PFM. This additional new focus of the Program is intended to help ensure that the PFM system can support the Government's aggressive expenditure target in this sector. It also reflects the priorities of both Governments (Australia and Philippines) and is an emerging priority for Australian aid in the Philippines.
Click on the links below to read more about the following areas of PFMP: