Recently in the progressive City of Muntinlupa, it was revealed that the city finished at 2nd place among the local governments within the National Capital Region (NCR) on the assessment about public financial management, according to a Manila Bulletin news report.
To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…
The Muntinlupa City government ranked second among local government units in the National Capital Region (NCR) in public financial management assessment done by the Department of Budget and Management (DBM).
“Muntinlupa ranks 2nd in PFMAT Compliance of the Department of Budget and Management,” according to Mayor Ruffy Biazon.
The ranking was a result of the Public Financial Management Assessment Tool (PFMAT) based on budgeting, accounting, auditing, cash management, management of public debt/procurement, revenue generation and public reporting on public sector financial operations, added Biazon.
“Public Financial Management (PFM) is a system of rules, procedures and practices for government to manage public finances. PFM seeks to address the key challenges of controlling government spending and making agencies operate efficiently and effectively,” according to previous guidelines issued by the DBM.
Biazon said Muntinlupa’s ranking is “proof to our commitment to transparency, accountability, and responsible financial management. We ensure that public funds are spent well and effective.”
Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? Are you delighted with what the city government achieved?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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