Budget Secretary Florencio B. Abad said the administration is implementing reforms to reduce lump-sum allocations in the national budget, owing to huge fund misuse in the past.
He said part of the reforms include transparency to empower citizens to hold public institutions and officials accountable.
Abad said the Department of Budget and Management has been implementing Public Financial Management reforms, like the targeted outcomes of the Performance Informed Budget, the reduction of lump-sum funds and the streamlined budget release process.
He also said the department’s bottom-up budgeting aims to give “greater voice in identifying local poverty-reduction programs that can be funded by the national budget.”
“We believe that the creation of prosperity should not be through ‘trickle down’ but ‘bottom up.’ The people are our country’s greatest resource and their empowerment is at the heart of inclusive development,” said Abad.
The budget chief told delegates to the three-day Philippine Good Governance Summit that the Filipino youth will have a special role to play in the success of the administration’s reform agenda.
Estrella Torres