{"id":152865,"date":"2018-02-14T21:14:06","date_gmt":"2018-02-15T02:14:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=152865"},"modified":"2018-02-14T21:14:06","modified_gmt":"2018-02-15T02:14:06","slug":"dbm-aims-to-be-one-of-worlds-top-budget-institutions","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/02\/14\/dbm-aims-to-be-one-of-worlds-top-budget-institutions\/","title":{"rendered":"DBM aims to be one of world\u2019s top budget institutions"},"content":{"rendered":"
\"KNOWLEDGE<\/a>
KNOWLEDGE FORUM. De La Salle University (DLSU) JMR Institute of Government Director Francisco Magno, World Bank Communications Officer Justine Letargo, Department of Budget and Management Secretary Benjamin Diokno, House Committee on Appropriations Chairman Karlo Nograles and COA Chairperson Michael Aguinaldo (from left to right) attend the public presentation of the 2017 Open Budget Survey held at the DLSU in Manila on Feb. 13. (DBM photo)<\/figcaption><\/figure>\n

MANILA<\/strong> \u2014 Department of Budget and Management (DBM) Secretary Benjamin Diokno said Tuesday the Budget department has taken steps to improve the government\u2019s fiscal transparency rating.<\/p>\n

In the Feb. 13 Knowledge Forum on the results of the 2017 Open Budget Survey, Diokno discussed the creation of a Fiscal Openness Working Group within the DBM, the Open Government Regional Dialogue Series, and the Budget Reform Bill.<\/p>\n

\u201cBeing number 1 in Asia is even more exciting knowing that we are rising up in the rankings amid a competitive regional landscape,\u201d he said, adding that the Philippines ranks first in Asia and 19th in the world in the Open Budget Index.<\/p>\n

The Regional Average for East Asia and the Pacific increased by three points, from 41 to 44. The Philippines\u2019 2017 OBI also rose by three points higher than its score in 2015, from 64 to 67.<\/p>\n

The current score surpasses the Philippine Development Plan target of 64. The PDP target for 2019 is 67, equivalent to the current OBI.<\/p>\n

\u201cWe plan to improve and do even better and so our DBM targets are much higher – 69 by 2019 and 71 by 2021,\u201d he said. \u201cIn fact, we could have had a rating of 73 had we passed the mid-year review on time; that\u2019s a missed opportunity.\u201d<\/p>\n

The delay, he said, was brought about by the change in administration as the DBM was still in a state of transition.<\/p>\n

\u201cWhen we pass the Budget Reform Bill, we will easily reach 75 points,\u201d the Budget Chief added. \u201cWe aim to be one of the top budget institutions around the world,\u201d he added.<\/p>\n

The bill was also cited by Rep. Karlo Nograles, chairperson of the House Committee on Appropriations, as an \u201caggressive reform\u201d, one that will significantly improve budget oversight and introduce participatory mechanisms in Congress.<\/p>\n

For his part, Diokno promised to submit the Medium Term Fiscal Program, which serves as the basis of the National Expenditure Program, by March 15 to ensure enough time for Congress\u2019 review and deliberation.<\/p>\n

Meanwhile, Commission on Audit Chairperson Michael Aguinaldo also lauded the DBM on efforts on use of technology, particularly on the Budget and Treasury Management System.<\/p>\n

\u201cThere was an attempt before to have it all (financial information) in one centralized online system. But that failed. Now I think the DBM is doing it slowly but surely,\u201d he said.<\/p>\n

The Philippines also ranked high on public participation, one of only four countries to achieve a moderate score in the category, sharing this distinction with New Zealand, Australia, and the United Kingdom.<\/p>\n

\u201cRight now we are looking at how to expand participatory mechanisms from the Local Government level,\u201d Diokno told the media during an interview after the event.<\/p>\n

For more information, visit www.dbm.gov.ph. For regular updates, follow the official Facebook and Twitter account of DBM: @DBMgovph.(DBM PR)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 Department of Budget and Management (DBM) Secretary Benjamin Diokno said Tuesday the Budget department has taken steps to …<\/p>\n","protected":false},"author":33,"featured_media":152868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[46626,46629,46625,46628,46627],"class_list":["post-152865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-budget-department","tag-budget-reform-bill","tag-department-of-budget-and-management-dbm-secretary-benjamin-diokno","tag-fiscal-openness-working-group","tag-fiscal-transparency-rating","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/152865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=152865"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/152865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/152868"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=152865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=152865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=152865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}