PBBM receives final blueprint of the Public Financial Management Reforms Roadmap for 2024-2028

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00:00President Ferdinand R. Marcos, Jr. fully endorsed what could well be a handbook on transformative governance and transparent leadership,

00:09especially on proper utilization of public funds.

00:12Our Alan Francisco has more on the President's full commitment and support for his latest prescription on good governments,

00:19dubbed the Public Financial Management Reforms Roadmap.

00:24With this roadmap, we give a clear mandate of ensuring that the money entrusted to us by the people serves a purpose that truly matters.

00:35That is President Ferdinand R. Marcos, Jr.'s reiteration of his administration's commitment to transparent and transformative leadership.

00:44This, he said, as he led the ceremonial endorsement of the Public Financial Management Reforms Roadmap 2024-2028 earlier in Malacanang.

00:53The President stated that the ceremony is more than just an endorsement of policy, but a push by the government for transformation.

01:01This includes ensuring proper use and transparency of public funds, which will help enhance government services,

01:08such as disaster relief and response actions, public health care, social services, and more.

01:14In this new PFM, we are committed to synchronized planning and budgeting at our local, regional, and national levels,

01:22as well as streamlining our institutional frameworks to reduce the time spent on bureaucratic processes.

01:29Last year, President Marcos signed Executive Order No. 29, which strengthens public financial management information systems and streamlines processes.

01:39This also includes embracing technological innovation and digitalization.

01:44Because true progress is about moving beyond what we have always done and questioning how much we can be,

01:50true progress is about how we find ways to flourish in this ever-changing world.

01:56The Public Financial Management Reforms is composed of the Budget Department, along with the Commission on Audit, the Treasury, NEDA, and others.

02:05Meanwhile, in a separate event earlier, President Marcos warmly received the courtesy call of Marubeni Corporation President and Chief Executive Officer Masumi Kakinoki at Malacanang.

02:17This Japanese firm has been a longtime investor in the Philippines.

02:21During the courtesy call, the company expressed continued support for the country.

02:26Alan Francisco, from the National TV Network, for a new and better Philippines.

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