“The Government of the Philippines is committed to strengthening the public sector through good governance and enhanced service delivery to citizens. The implementation of a modern PFM system enables us to build a foundation for growth while building the capacity we need to sustain the reform process and achieve results.”
Supporting the Development Goals of the Philippines
Since 2014, FreeBalance has been working with the Department of Budget and Management (DBM) of the Government of Philippines on the design and implementation of the Budget and Treasury Management System (BTMS).
The BTMS, which is used by all 430 national government agencies, covers the Portal and the Budget Management, Budget Execution, Treasury and Cash Management, Accounting and Fiscal Reporting functions of the government.
FreeBalance was responsible for all aspects of the BTMS software implementation during all phases of the project: project management, business requirements, configuration of the software, testing, production readiness, training, go-live in production, and post-implementation support.
Further Reading
- How to improve your country’s PFM rankings
- FreeBalance customers perform better in their PEFA assessments
- Latest World Happiness Report shows that FreeBalance customers outperform the global average
Read more success stories on how we helped governments all over the world improve their fiscal transparency and accountability.
Philippines’ PFM Achievements
Public Expenditure and Financial Accountability (PEFA) Assessment
The latest PEFA assessment shows improved results for the Government of the Philippines.
World Governance Indicators
The Philippines has made steady progress in key indicators relating to PFM, especially in Control of Corruption.
Open Budget Index
The Government of the Philippines has achieved a dramatic improvement in their Open Budget Index scores since the implementation of the BTMS system.
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Liberia
Since 2010, the Government of Liberia has successfully leveraged the FreeBalance Accountability Suite™ to enable modern comptrollership and governance throughout the public sector.
Mongolia
Transparency helps improve governance, particularly for high-growth resource-rich countries like Mongolia and the country has seen “dramatic improvements” in budget transparency as noted by the International Budget Partnership Open Budget Index (OBI).