The PFMP is a joint initiative of the Governments of Australia and the Philippines that directly assists the Government of the Philippines to implement its Public Financial Management (PFM) Reform Roadmap. Through the Department of Foreign Affairs and Trade, the Australian Government has committed up to A$30 million over five years, 2011–2016.
Since its commencement in October 2011, the Program has been working continuously with the Philippine Government to implement this roadmap, as well as the key PFM reforms, within different government agencies and partners.
Read the results of PFMP’s technical assistance and how it has continuously helped the Philippine Government improve the efficiency, accountability and transparency in the use of its public funds to enable better service delivery:
PFMP in 2014
PFMP continued to support the Government’s implementation of the PFM Reform Roadmap in 2014, providing substantial support to the rollout of UACS and advice on a number of refinements to the UACS that strengthened the analytical capability provided by this coding structure; continued advice on budget reform, GIFMIS, as well as general management support for the overall reform process. Technical support for the TSA concluded in March 2014.
The year 2014 was an important year for the implementation of the PFM reforms which the PFMP has continuously supported. In January 2014, three key reforms for budget execution were implemented – the Unified Accounts Code Structure (UACS) was adopted for budget execution, the Treasury Single Account (TSA) was adopted for revenue agencies, and the Performance-Informed Budgeting (PIB) came into effect for 2014 budget execution.
PFMP also continued to be flexible in its approach, providing support to new areas on the Government’s agenda (the Comptroller General and the PFM Law) and other ad hoc issues such as the restructuring of DBM.