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2012 was a successful year for the Philippines Government and for PFMP.

The Program’s operating context has remained stable during the year, and PFM reform remains a high profile commitment of the Aquino Administration. PFMP was a key player in supporting the implementation of the PFM Reform Roadmap, assisting the Government to design key reform initiatives, and providing overall program management support through the PFM Program Management Office (PMO) housed within the offices of DBM.

Supported by the Program, the Government reached three major milestones: the completion of design proposals for the Unified Accounts Code Structure (UACS), Treasury Single Account (TSA), and the Government Integrated Financial Management Information System (GIFMIS). It was critical that 2012 be used to establish a clear policy basis for implementing these reforms based on robust, well informed analysis. PFMP played a central role in facilitating this, as described in the sections below.

PFMP also supported financial management and internal audit in the Department of Public Works and Highways (DPWH) and Department of Social Welfare and Development (DSWD) respectively, and scoped out future support to the Department of Education (DepED). The Program began the process of working with both Government and civil society to strengthen their mutual engagement throughout the budget cycle.

More broadly, PFMP has successfully bedded down its operations, established effective working relationships with all key stakeholders (including leadership), and has achieved credibility as a source of quality advice and support. The Program has achieved the necessary clarity about its role and methods of operation, and is now well established as a supporter of the reform process.

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