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MANILA - The Department of Budget and Management (DBM) on Tuesday promised to go full blast in pushing the Marcos administration's legislative agenda. In a statement, the DBM said it will work closely with Congress to ensure the passage of the government's priority measures this year. This, as Congress resumed its session on Monday. "Among the legislative reforms are the Progressive Budgeting for Better and Modernized (PBBM) Governance Bill, Budget and Treasury Management System (BTMS), National Government Rightsizing Program (NGRP), and Maharlika Investment Fund (MIF)," the DBM said. The PBBM Governance bill seeks the institutionalization of the cash-based budgeting system, which was adopted by virtue of Executive Order 91 signed in 2019, to strengthen fiscal discipline in the allocation and use of budget resources. The measure also aims to ensure the actual delivery of the government's programs and projects. The proposed BTMS, on the other hand, is a key digitalization measure that seeks improvement in the Government Integrated Financial Management Information System. The BTMS, as a central database, will enable real-time mapping of transactions from purchase to payment. The other priority measure of the Marcos administration is the bill seeking the implementation of NGRP, a reform mechanism that will upgrade the government's institutional capacity to perform its mandate and provide better services while ensuring optimal and efficient use of resources. The rightsizing efforts will involve the comprehensive strategic review of functions, programs and projects that will cut across various agencies. The government is also pushing for the establishment of the country's first-ever MIF, an independent fund that adheres to the principles of good governance, transparency and accountability. The proposed wealth fund will be sourced from investible funds of select government financial institutions, contributions of the national government, declared dividends of the Bangko Sentral ng Pilipinas, and other sources. The DBM said the proposed MIF, as affirmed by the country's economic managers, "can be a powerful instrument to promote economic growth and advance social development." "This can also aid in accelerating the implementation of the government's key infrastructure and big-ticket projects that support the Philippine Development Plan," it said. DBM Secretary Amenahh Pangandaman said the legislative reforms agenda of the government will help promote "transparency, efficiency and responsiveness" in public service. "President Ferdinand R. Marcos Jr. articulated in his budget message that his vision is a lean, efficient and responsive government workforce," Pangandaman said. "We can achieve this with the strong support of our hardworking legislators who also seek a well-functioning government that ensures swift and responsive public service delivery," she added. (PNA) }

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Manila ,Philippines ,Philippine ,Benguet ,Ferdinandr Marcos Jr ,Bangko Sentral ,Amenahh Pangandaman ,Maharlika Investment Fund ,National Government Rightsizing Program ,Department Of Budget ,Philippine Development Plan ,Progressive Budgeting ,Governance Bill ,Treasury Management System ,Executive Order ,Manila The Department Of Budget And Management Dbm On Tuesday Promised To Go Full Blast In Pushing Marcos Administration 39s Legislative Agenda Ina Statement ,He Dbm Said It Will Work Closely With Congress To Ensure The Passage Of Government 39s Priority Measures This Year ,S Congress Resumed Its Session On Monday Quot Among The Legislative Reforms Are Progressive Budgeting For Better And Modernized Pbbm Governance Bill ,Udget And Treasury Management System Btms ,Ational Government Rightsizing Program Ngrp ,Nd Maharlika Investment Fund Mif ,Uot The Dbm Said Pbbm Governance Bill Seeks Institutionalization Of Cash Based Budgeting System ,Hich Was Adopted By Virtue Of Executive Order 91 Signed In 2019 ,O Strengthen Fiscal Discipline In The Allocation And Use Of Budget Resources Measure Also Aims To Ensure Actual Delivery Government 39s Programs Projects Proposed Btms ,N The Other Hand ,Sa Key Digitalization Measure That Seeks Improvement In The Government Integrated Financial Management Information System Btms ,Sa Central Database ,Ill Enable Real Time Mapping Of Transactions From Purchase To Payment The Other Priority Measure Marcos Administration Is Bill Seeking Implementation Ngrp ,A Reform Mechanism That Will Upgrade The Government 39s Institutional Capacity To Perform Its Mandate And Provide Better Services While Ensuring Optimal Efficient Use Of Resources Rightsizing Efforts Involve Comprehensive Strategic Review Functions ,Rograms And Projects That Will Cut Across Various Agencies The Government Is Also Pushing For Establishment Of Country 39s First Ever Mif ,N Independent Fund That Adheres To The Principles Of Good Governance ,Ransparency And Accountability The Proposed Wealth Fund Will Be Sourced From Investible Funds Of Select Government Financial Institutions ,Ontributions Of The National Government ,Eclared Dividends Of The Bangko Sentral Ng Pilipinas ,Nd Other Sources The Dbm Said Proposed Mif ,S Affirmed By The Country 39s Economic Managers ,Uot Can Bea Powerful Instrument To Promote Economic Growth And Advance Social Development Quot This Also Aid In Accelerating The Implementation Of Government 39s Key Infrastructure Big Ticket Projects That Support Philippine Plan ,Uot It Said Dbm Secretary Amenahh Pangandaman The Legislative Reforms Agenda Of Government Will Help Promote Quot Transparency ,Fficiency And Responsiveness Quot In Public Service President Ferdinandr Marcos Jr Articulated His Budget Message That Vision Isa Lean ,Fficient And Responsive Government Workforce ,Uot Pangandaman Said Quot We Can Achieve This With The Strong Support Of Our Hardworking Legislators Who Also Seeka Well Functioning Government That Ensures Swift And Responsive Public Service Delivery ,Uot She Added Pna ,

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