Gov’t prioritizes 18 public finance management reforms

MANILA, Philippines –The Marcos administration narrowed its public financial management (PFM) reform agenda to 18 of 41 measures for completion by 2028. The Department of Budget and Management’s (DBM) PFM Reforms Roadmap 2024–2028 Midterm Update identifies 18 priority interventions: 14 mission-critical reforms and four quick wins. READ: ADB extends fresh $500-M loan “The mission-critical reforms spread across the 11 strategic focus areas constitute the core structural changes required to strengthen fiscal discipline, transparency, and operational efficiency,” the midterm update said. “Meanwhile, the quick-win interventions provide rapid, visible improvements that reinforce reform momentum,” it added. Quick fixes The remaining 23 interventions […]... Keep on reading: Gov’t prioritizes 18 public finance management reforms