President Ferdinand Marcos Jr. on Tuesday pledged his administration’s commitment to transparent, transformative leadership by leading the Ceremonial Endorsement of the Public Financial Management (PFM) Reforms Roadmap 2024-2028 in Malacañan Palace.
“With this roadmap, we give a clear mandate of ensuring that the money entrusted to us by the people serves a purpose that truly matters, that will make a difference,” Mr. Marcos said in his speech.
The President said the ceremony is more than “a mere endorsement of policy.” Instead, it reasserts the government’s collective resolve to build a system to serve present and future generations.
The roadmap outlines interventions and activities that seek to improve the government’s ability to allocate resources efficiently and enable agencies to deliver services effectively.
“It is about swift, efficient disaster relief and response actions so that no community is left behind when disasters strike. It is about better public healthcare access, ensuring that medical costs do not become yet another burden for our citizens. It is about expanding social services, creating not just a safety net, but opportunities for every Filipino to succeed, no matter their circumstances may be,” Marcos said.
The Roadmap outlines robust resource management coordination, more excellent capacity building, broader technological integration, and stricter financial program implementation across sectors. It likewise emphasizes the importance of digitalizing and modernizing government frameworks.
The new PFM prioritizes synchronizing planning and budgeting at local, regional, and national levels and streamlining institutional frameworks to reduce the time spent on bureaucratic processes and deliver service faster.
“With the strong support of our partners, especially with the ADB (Asian Development Bank), I am confident that the PFM Reforms Roadmap—anchored on the Philippine Development Plan 2023-2028—will lead the nation to a higher growth trajectory and ultimately, to reducing poverty and achieving genuine prosperity. Consider yourselves as the forerunners of this new era, this Bagong Pilipinas that we are building,” Marcos said.
The PFM Reform Roadmap was formed under Executive Order 29, issued by the President in June 2023. Among its tasks are revisiting policies, revising outdated frameworks, and creating a strategic roadmap that reflects the changing needs of the people.
Additionally, the PFM committee is comprised of the Department of Budget and Management (DBM), alongside key representatives of the Commission on Audit (COA), Bureau of the Treasury (BTr), Department of Finance (DOF), Department of Information and Communications Technology (DICT), and the National Economic and Development Authority (NEDA).
