Over 600 budget officers get PFM training
THE Department of Budget and Management (DBM), in partnership with the Association of Local Budget Officers - Central Visayas Inc. (ALBOCV), successfully conducted the Public Financial Management (PFM) competency program for local government units (LGUs) in Central Visayas at the Bai Hotel, Mandaue City from Feb. 19 to 21, 2024.
More than 600 local budget officers from the provinces of Bohol, Cebu, Negros Oriental and Siquijor; from the City of Cebu, City of Mandaue and City of Lapu-Lapu; and from other cities and municipalities in Region 7 were engaged to deepen their knowledge and strengthen their capabilities in all stages of the PFM process from budget preparation and procurement to budget implementation and accountability.
During her keynote message, DBM Secretary Amenah Pangandaman emphasized that the PFM would not only assist LGUs in budgeting their local finances on the right priorities, but also in managing their budgets wisely and within their means.
“I cannot emphasize enough the crucial role of PFM practitioners in bridging the needs of our fellow Filipinos and the government’s responses, especially in crafting a truly inclusive and people-centered budget,” Pangandaman said.
“And this is what the Bagong Pilipinas is all about: shaping a government that is truly responsive to the needs of the people; one that is visionary and accountable to its constituents; and one that fulfills its promise of prosperity for everyone,” Pangandaman added. “Our growth and prosperity will never be truly inclusive without our local governments.”