This document outlines several initiatives to improve public financial management in the Philippines, including: 1) Developing medium-term economic forecasts, performance-informed budgeting, and improved fiscal risk analysis and disclosure. 2) Implementing a unified accounts code structure, harmonized budget and financial reporting, and a unified reporting system to integrate financial management. 3) Continuing development of a budget and treasury management system and working towards an integrated financial management information system.

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21. • Medium-Term Economic &
Fiscal Estimates
• Performance Informed
Budgeting
• GAA-as-Release Document
• Improved Narrative Discussions
• Fiscal Risks Analysis &
Disclosure

22. • Unified Accounts Code
Structure (UACS)
• Harmonized Budget & Financial
Accountability Reports (BFARs)
• Unified Reporting System
• Budget & Treasury
Management System (BTMS) –
ongoing development
• towards an Integrated Financial
Mgt Info System (IFMIS)

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51. -
500
1,000
1,500
2,000
2,500
3,000
3,500
Available
Appropriations
Allotments
Released
Obligations
Incurred
Balances

52. 0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
DoE Congress OP DoT DAR DoTC Judiciary DoF ComElec DoST Oblig Rate
Average

53. DPWH, 173.04 , 22%
DepEd, 167.06 , 22%
DSWD, 63.35 , 8%DoTC, 52.14 , 7%
DILG, 48.44 , 6%
DND, 44.62 , 6%
DoH, 33.41 , 4%
SUCs, 25.73 , 3%
DA, 20.99 , 3%
Judiciary, 18.42 , 2%
Others, 130.00 , 17%

54. Appro Allotments Obligations Oblig Rate Balances
CY Agency Specific Budget 43,415.5 43,399.4 24,917.1 57.4% 18,482.3
General Admin & Support 591.2 575.1 179.2 31.2% 395.9
Operations 2,075.4 2,075.4 652.9 31.5% 1,422.5
MFO1: Transport Policy 119.2 119.2 40.6 34.1% 78.6
MFO2: Rail Transport 1,956.2 1,956.2 612.3 31.3% 1,343.9
Projects 40,748.9 40,748.9 24,085.0 59.1% 16,663.9
Aviation 27,516.5 27,516.5 20,484.5 74.4% 7,032.0
Buildings & Structures 382.0 382.0 2.3 0.6% 379.7
Governance 8,260.0 8,260.0 3,578.5 43.3% 4,681.5
Ports Etc. 1,445.5 1,445.5 19.7 1.4% 1,425.8
Railways 2,486.0 2,486.0 0.0% 2,486.0
R&D 200.0 200.0 0.0% 200.0
Roads & Bridges 459.0 459.0 0.0% 459.0

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