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The Philippines To Roll Out E-Purchase Card System
Source: http://www.futuregov.asia/articles/2014/jan/20/philippines-roll-out-e-purchase-card-system/
Source Date: Monday, January 20, 2014
Focus: Public Administration Schools, Thematic Website, Institution and HR Management
Country: Philippines
Created: Jan 20, 2014

Department of Budget and Management Secretary Florencio Abad, announced the forthcoming pilot trial of the Cashless Purchase Card System, which will allow the government to shift from using petty cash and checks to a more efficient electronic purchase cards for public procurement.

The pilot trial will be implemented across the Department of Budget and Management (DBM), the Department of National Defense (DND), and the Armed Forces of the Philippines (AFP) in the first quarter of the year.

During a FutureGov meeting last year in Manila, an official from DND said that since battalion commanders are authorised to purchase the individual requirements of their respective troops, this privilege often provides a “window of abuse” every time a small value procurement of less than Php 10,000 (USD 242) pesos is made.

By having the Cashless Purchase Card in place, the government can efficiently track purchases and quickly identify financial discrepancies once they occur.

It will function in much the same way as corporate credit cards, and will be linked to an online system that controls and monitors actual spending in real time. Furthermore, items eligible for purchases include procurement of medical supplies, meals, transportation of official documents, airline tickets, and construction supplies for minor repairs.

“We’ve always been keen on improving the speed and efficiency of the government’s financial transactions. The implementation of the Cashless Purchase Card system will be critical in this respect, as the electronic purchase cards will significantly reduce human intervention and error in tracking and monitoring government purchases,” the Budget Secretary said.

“Because of its automated nature, however, the Cashless Purchase Card will not just allow us to prevent bribery, graft, and corruption in the procurement process; it will also help us spot possible irregularities as they’re happening, as well as make accounting and auditing a much quicker process. Altogether, it’s a landmark achievement in the Administration’s drive for transparent and accountable public spending,” Abad said.


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