00:00Pagulong Ferdinand R. Barcos, Jr. has made it clear that the right use of the country's funds is for the betterment of the country.
00:08He will provide services and assistance to our fellow countrymen, especially during the time of calamity.
00:15Alar Francisco, for Central News.
00:20With this roadmap, we give a clear mandate of ensuring that the money entrusted to us by the people
00:26serves a purpose that truly matters, that will make a difference.
00:31President Ferdinand R. Barcos, Jr. is proud of the commitment of his administration to a transparent and transformative leadership.
00:39He said that when he led the ceremonial endorsement of the Public Financial Management Reforms Roadmap 2024-2028 in Malacanang.
00:49The chief executive said that the ceremony is more than just an endorsement of the policy, but it is the government's support for the change.
00:58This includes ensuring proper use and transparency in public funds.
01:04President R. Barcos is determined to help in providing government services such as disaster relief and response actions, public health care, social services, and others.
01:17In this new PFM, we are committed to synchronize planning and budgeting at our local, regional, and national levels,
01:25as well as streamlining our institutional frameworks to reduce the time spent on bureaucratic processes.
01:31Last year, President R. Barcos passed Executive Order No. 29, which establishes the Public Financial Management Information Systems.
01:40This includes the support for technological innovation and digitalization.
01:46Because true progress is about moving beyond what we have always done and questioning how much we can be,
01:52true progress is about how we find ways to flourish in this ever-changing world.
01:58The Public Financial Management Reforms is formed by the Budget Department, the Audit Commission, the Bureau of Treasury, NEDA, and others.
02:07With the strong support of our partners, especially with ADB,
02:10I am confident that the PFM Reforms Roadmap, anchored on the Philippine Development Plan 2023-2028,
02:19will lead the nation to a higher growth trajectory and ultimately to reducing poverty and achieving genuine prosperity.
02:28Consider yourselves as the forerunners of this new era, this Bagong Pilipinas that we are building.
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