QuestionsQuestions (EXECUTIVE ORDER NO. 29)
EO No. 29 cites Section 28, Article II of the Constitution (policy of full public disclosure of transactions involving public interest) and Section 7, Article III (right of the people to information on matters of public concern) to justify greater transparency through integrated public financial management.
It links to RA 11032 by stating that the State must promote integrity, accountability, and proper management, and mandate NGAs to reengineer systems and procedures to prevent graft/corruption and ensure efficient service delivery.
All departments, agencies, and instrumentalities of the National Government, including GOCCs; and all local government units (LGUs) are directed to adopt and implement IFMIS, while LGUs are also “encouraged” to adopt and implement it, consistent with the transition rules stated in EO No. 29.
The Committee must conduct policy and process review of key PFM processes, including budget management, budget execution, cash management, and accounting and reporting.
They are intended to ensure seamless government transactions, strict compliance with applicable appropriations laws/rules, government accounting standards/policies, improved treasury cash management, better generation of reports, and eased reportorial requirements.
It is a strategic plan devised by the PFM Committee to expedite the development of IFMIS while ensuring harmonization of policies among oversight agencies.
Representatives from the DBM, DOF, COA, and Bureau of the Treasury (BTr).
It must devise a five-year plan linking NGAs with DBM, DOF, COA, and BTr to enable comprehensive, accurate, reliable, and timely consolidated financial and budgetary reporting.
It must oversee, coordinate, and develop integration, simplification, and harmonization of the government’s financial management processes and information systems covering all government transactions in a systematic manner, applied uniformly to oversight and implementing agencies.
It must develop, oversee, and conduct a comprehensive mid-term review of the implementation of the PFM Reforms Roadmap.
The Committee must “shepherd and champion the passage of supporting legislation in Congress.”
It must coordinate budgetary and donor funding to support PFM reform efforts.
It must provide comprehensive annual reports on all project milestones, findings, and recommendations to the Office of the President.
It may issue necessary implementing policies, mechanisms, and procedures to carry out the objectives of the Order.
It directs the PFM Committee to issue guidelines on transitional arrangements that consider results of policy/process review, technological infrastructure requirements, and capacity development interventions.
DICT is directed to provide technical and policy support in the development and implementation of IFMIS.
Initial funding is charged against the respective appropriations of NGAs and corporate operating budgets of GOCCs, subject to availability and compliance with budgeting/accounting laws; continued funding must be included in covered agencies’ budget proposals under the usual budget preparation process.
It takes effect immediately upon publication in the Official Gazette or in a newspaper of general circulation.
Separability means if any provision is invalid/unconstitutional, the remaining provisions remain valid. The repeal clause means inconsistent issuances/rules/parts are repealed, amended, or modified accordingly.