President Ferdinand “Bongbong” Marcos Jr. issued on Thursday an executive order (EO) mandating the adoption and use of an Integrated Financial Management Information System (IFMIS) in all government and local government units (LGU) office public transactions.
EO No. 29 aligns with the Marcos administration's goal to increase administrative effectiveness and ensure immediate and efficient service to the public through the use of digitalization advances.
Under the newly-signed EO, all government-owned or controlled corporations are also mandated to implement the IFMIS.
Marcos directed the creation of a Public Financial Management (PFM) Committee, composed of members from the Department of Budget and Management (DBM), Department of Finance (DOF), Commission of Audit (COA), and Bureau of Treasury (Btr), to help in the transition to full digitalization.
The PFM committee shall conduct policy and proper measures for the execution of IFMIS and is required to come up with a five-year plan for the implementation of IFMIS and make a comprehensive mid-term review of the implementation.
The IFMIS was first proposed by Private Sector Advisory Council (PSAC) for the digital Infrastructure group to help boost efficiency and transparency and lessen the government’s work.
Since last year, the Marcos administration has long planned to push digitized transactions to all government agencies and LGUs to improve the country’s public service.
Written by Stephanie Anne Santos, DZRH News Online Intern
