“The Government of the Philippines is committed to strengthening the public sector through good governance and enhanced service delivery to citizens. The implementation of a modern PFM system enables us to build a foundation for growth while building the capacity we need to sustain the reform process and achieve results.”

— Secretary of the Department of Budget and Management, Government of the Philippines

Supporting the Development Goals of the Philippines

Since 2014, FreeBalance has been working with the Department of Budget and Management (DBM) of the Government of Philippines on the design and implementation of the Budget and Treasury Management System (BTMS).

The BTMS, which is used by all 430 national government agencies, covers the Portal and the Budget Management, Budget Execution, Treasury and Cash Management, Accounting and Fiscal Reporting functions of the government.

FreeBalance was responsible for all aspects of the BTMS software implementation during all phases of the project: project management, business requirements, configuration of the software, testing, production readiness, training, go-live in production, and post-implementation support.

Further Reading

Read more success stories on how we helped governments all over the world improve their fiscal transparency and accountability.

Philippines’ PFM Achievements

Public Expenditure and Financial Accountability (PEFA) Assessment

The latest PEFA assessment shows improved results for the Government of the Philippines.

Philippines PEFA Scores

World Governance Indicators

The Philippines has made steady progress in key indicators relating to PFM, especially in Control of Corruption.

Sierra Leone PEFA Assessment Scores
Sierra Leone PEFA Assessment Scores 2
Sierra Leone PEFA Assessment Scores 2

Open Budget Index

The Government of the Philippines has achieved a dramatic improvement in their Open Budget Index scores since the implementation of the BTMS system.

Philippines Open Budget Index Scores

Related Stories

Costa Rica

Costa Rica

In November 2023, the FreeBalance Platform was selected by the Government of Costa Rica to drive a comprehensive program of digital transformation in the Ministry of Finance.

Sri Lanka

Sri Lanka

The Integrated Treasury Management Information System (ITMIS) in Sri Lanka is part of a major reform initiative towards improved fiscal management in Sri Lanka through the Fiscal Management Efficiency Project.

Liberia

Liberia

Since 2010, the Government of Liberia has successfully leveraged the FreeBalance Accountability Suite™ to enable modern comptrollership and governance throughout the public sector.

Contact