• 03 July 2015
MANILA, July 3 -- The Department of Budget and Management said on Thursday that the Aquino Administration’s goal of instituting sustainable public financial management (PFM) reforms for greater transparency and accountability is expected to gain more ground as the country got a favorable score in the International Monetary Fund’s Fiscal Transparency Evaluation (IMF-FTE). While the IMF emphasized the need to close the remaining gaps in the Aquino administration’s strategy to fulfill the 36 principles of the IMF’s Fiscal Transparency Code (FTC), Administration officials expressed confidence in addressing these issues. “Through ‘Daang Matuwid’, we sought to reform public fiscal management and bring greater transparency and accountability to it. The IMF is a valuable partner in our fiscal reform efforts, and working with them and other stakeholders has allowed us to cover the gaps in our PFM reform road map,” Budget Secretary Florencio Abad said. However, Abad recognized the need to resolve longstanding issues in fiscal management practices in the country. “From the DBM’s end, for example, we need to strengthen budget planning so that the resulting National Bud ...Read more

PNoy administration stands on its record of good governance—Palace

 CENTRAL  03 July 2015
MANILA, July 3-- President Benigno Aquino III’s administration has brought a government that  is ‘open, transparent and accountable’, a Palace official said in a press briefing Thursday. “Masipag, maagap, at masinop ang gobyerno sa pagtuon sa pangangailangan ng mga mamamayan,” Communicat ...Read more

China must uphold the declaration on the conduct of parties it signed in 2002, says Palace

 CENTRAL  03 July 2015
MANILA, July 3 --Following Beijing’s statement that they have completed some of their land reclamation in the South China Sea, the Palace on Thursday said China must uphold what it signed back in 2002. “Kahit ano po ang kanilang bigkasing pahayag sa kasalukuyan, kinakailangang panagutan po nila ...Read more