ADB backs Philippines plan to overhaul public spending allocation, tracking through 2028

  • ADB-backed Updated Public Financial Management Reforms Roadmap 2024-2028 will shift the Philippines into implementation of government-wide spending reforms.
  • Action plan sets measurable targets for budget allocation, execution, accounting; aims to channel more funding to priority public services.
  • Program calls for tighter inter-agency coordination, clearer accountability for results, risk management, funding needs, technical support requirements.
  • Data systems will track progress, support course corrections, strengthen controls intended to reduce leakages in public finance.


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