February 5, 2016Matthew Olivier
Last week we had the opportunity to participate in the formal contract signing of the Budget and Treasury Management System (BTMS) for the Government of the Philippines. FreeBalance is working with Innove Communications, Inc. in a Joint Venture on the BTMS project. Innove Communications is a wholly-owned unit of Globe Telecom.
This is a critical project for the Government of the Philippines. The BTMS has been referred to as the “pillar in the administration’s overall PFM reform program” and “one of the keystones in the administration’s program for fiscal transparency and accountability in government”. The BTMS will enable the Government of the Philippines to improve governance by taking advantage of web-native technology to improve transparency, accountability and development outcomes.
There was a common theme in speeches from the Government of the Philippines, FreeBalance and Innove. This project is clearly about much more than technology. It’s about coming together and moving forward in support of nation-building through good governance, accountability and transparency. The BTMS team shares a fundamental belief that the foundation of democracy is good governance. This can only be accomplished with sound fiscal management. This is why the BTMS project is so important to the Government and to the people of the Philippines.
Read the full BTMS press release.
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