What is PFM?

What is PFM?

The Public Financial Management (PFM) Reform Program aims to improve efficiency, accountability and transparency in public fund use in order to ensure the direct, immediate, substantial and economical delivery of public services especially to the poor.

The Program implements the key strategies of the Philippine PFM Reform Roadmap: Towards Improved Accountability and Transparency (2011-2016), a comprehensive reform agenda that seeks to clarify, simplify, improve and harmonize the government’s financial management processes and information systems. The integrated systems will cover all transactions of government and apply uniformly to all government agencies.