The World Bank has approved a total of $ 1,159,985 in grants under its Institutional Development Fund (IDF) to strengthen capacity and improve efficiency of the Commission on Audit ($ 300,000), the Department of Budget and Management’s PhilGEPS Group, Procurement Service ($ 299,985), the Fiscal Planning Bureau ($ 300,000), and the Local Government Academy ($ 260,000).
The grants to the DBM finances technical assistance to build up the department’s capacity in policy-based budgeting under its medium-term expenditure framework, and strengthen the capacity of the Procurement Service in implementing the Government?s Electronic Procurement System.
Budget Secretary Rolando Andaya said, the IDF grant will enhance DBM’s capacity to develop sound policy analysis which will improve the quality of the recommendations given to the Development Budget Coordination Committee and to the President and Cabinet.
In turn, we hope this grant will help us continue to restructure the budget towards strategic policies and priority areas and be more responsive to the needs of the times through sound technical analysis and systematic internal consultations with key stakeholders on trade-offs, agency outputs/outcomes and multi-year implications of strategic policies.
He added: "The grant for the PhilGEPS will enhance it with features like online bidding and payments. The support that will be given for the training of government procurement personnel and suppliers will, we hope, contribute to furthering transparency and reducing corruption."
The grant to the CoA aims to improve the agency’s effectiveness and efficiency in auditing government revenues and expenditures through results-based integrated audit that focuses on outputs and outcomes, using a riskbased audit approach.
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