DBM trains 700 local budget officers, PFM practitioners in Legazpi
THE conduct of the Public Financial Management Competency Program (PFMCP) for local government units (LGUs) continues in Legazpi City, where about 700 budget officers from the provinces of Albay, Camarines Norte, Camarines Sur, Catanduanes, Masbate and Sorsogon, and other cities and municipalities in Region 5 (Bicol Region), were capacitated on PFM policies and reforms from March 6 to 8.
The PFMCP for LGUs is composed of three tracks on PFMCP foundation, budgeting, and procurement, which are taught by subject-matter experts from the Department of Budget and Management (DBM).
Organized by the DBM, in partnership with the Association of Local Budget Officers in Region 5 Inc. (Alborev), the PFM Competency Program was designed to deepen the knowledge of local budget officers on different thematic areas such as budgeting, procurement, cash management, accounting, auditing and relationship management.
DBM Secretary Amenah Pangandaman emphasized that the Department is complementing the efforts of LGUs and persistently working hard to ensure that the National Budget will have felt and transformative results.
The conduct of the PFMCP for LGUs is aligned with the DBM’s commitment to improve the government’s spending efficiency by encouraging LGUs to practice sound fiscal management and allocative efficiency.
Pangandaman was warmly welcomed by the local chief executives of Albay led by Gov. Edcel
Grex Lagman, as well as Alborev President Henry Quiñones, DBM Regional Office 5 Acting Director Antonio Villanueva Jr. and Assistant Director February Manuel.