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Philippine Agency CIO Updates on Anti-corruption Financial Management Information System
Source: futuregov.asia
Source Date: Wednesday, March 26, 2014
Focus: Knowledge Management in Government
Country: Philippines
Created: Apr 01, 2014

The Philippine Government Department of Budget and Management (DBM) has released PHP600 million (US$20 million) more for the Government Integrated Financial Management Information System (GIFMIS). The system will embed transparency in day-to-day operation of government, said Richard Moya, DBM Undersecretary and CIO.

 

GIFMIS will link financial processes together and facilitate their automated management. DBM Secretary, Florencio Abad, described it as one of the keystones in the Government’s larger plan for fiscal transparency and accountability. “Because it’s web-based and updated in real-time, all data in the system is easily tracked to ensure the integrity of our public financial management processes,” he continued

 

“Our drive to ensure transparency and accountability in financial processes will depend largely on our ability to come up with a seamlessly integrated IT system. It’s an urgent governance requirement that we’re quickly addressing head-on,” Moya added.

 

As part of the Philippine Government Financial Transaction Digitisation project aimed at minimising corruption in public finance management, the tender for GIFMIS was released in August last year.

 

“When budgeting, accounting and auditing are accomplished faster, we’re also in a position to serve the citizens better,” Abad concluded.
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