Latest Document

  1. PFMP Program Brief (new)
  2. 2015 Annual Program Accomplishment Report
  3. PFMP Program Strategy 2015-2016

Program Documents

Review of Provincial Road Financing and Management Report

The Philippines Government has indicated its intention to invest heavily in infrastructure, including in the local road network. A major new program to provide funding to provincial government to rehabilitate provincial roads was commenced in the 2016 budget. This review was initiated to assess the strengths and weaknesses of current arrangements for allocating, managing, monitoring, and evaluating funding for provincial road network development.


PFMP Program Brief (New)

This is the latest program brief of PFMP that lists key information about the program, including latest focus on transport infrastructure (updated as of November 2016).


PFMP Update - September 2015

This report outlines PFMP's substantial contribution in almost all areas of PFM reform. Throughout the reforms, Australia has provided a range of technical advice, training, policy dialogue, project management resources, and process facilitation across many issues. PFMP's approach has been very responsive to GOP's needs, and has now helped the government reach a point at which the benefits of the reforms are beginning to become visible.


Deped Financial Management Manual

This Manual outlines the systems and processes of the Department of Education clearly (DepED) identifying internal controls and other financial management practices to be applied consistently throughout the Department, ensuring the integrity and completeness of financial data and information provided to stakeholders. 

The overall purpose of the manual is to strengthen financial management transparency and accountability throughout the Department.


PFMP Monitoring & Evaluation Framework

The Monitoring and Evaluation (M&E) Framework for the Philippines-Australia Public Financial Management Program (PFMP) was approved by the Program Steering Committee in December 2012.

The Framework outlines the Program’s theory of change and the results that the Program intends to help the Government and civil society achieve.  The approach to M&E involves using a range of tools to provide robust analysis that not only describes the achievements and progress of the Program, but explains the reasons for progress (or lack of progress). The PFMP system will also assist the Government to meet its M&E requirements as it implements its Philippines PFM Reform Roadmap.

The Framework is supported by an M&E system that provides more detailed indicators and related analytical tools.  The main M&E product under PFMP is the Annual Program Accomplishment Report, prepared in January each year.


Program Strategy 2015-2016

PFMP is a joint initiative of the Governments of Australia and the Philippines. The Program commenced in October 2011 and assists the Government of the Philippines to implement its Public Financial Management (PFM) Reform Roadmap. Through the Department of Foreign Affairs and Trade, the Australian Government has committed up to A$30 million over five years, 2011–2016.


Accomplishment Report

Updated July 2016


This is the fourth Annual Program Accomplishment Report of the PFMP that discusses the progress and achievements of the Program during 2015. An updated Program Strategy was adopted for PFMP at the beginning of 2015 that emphasised a more incremental approach with regard to information systems, and a sharper focus on refining and fully operationalising other reforms already introduced. The focus shifted to helping the Government start to generate benefits from the application of its new PFM tools in practice. Progress during the year was solid – at the Department of Budget and Management (DBM), the PFMP assisted with further refinements to performance budgeting through PREXC and implementation of the Two Tier Budgeting Approach, developed the Budget Cycle Analytics Tool (BCA), developed and scoped the Budget and Treasury Management System, and supported the implementation of the PFM Certificate Program. It also continued to provide support to the Bureau of the Treasury (BTr) in managing Contingent Liabilities and enhancing the Government’s engagement with civil society organisations in monitoring public expenditure. 



This is the third Annual Program Accomplishment Report of the PFMP that discusses the progress and achievements of the Program during 2014. A mid-term review of PFMP was conducted at the start of 2014 which recommended for the continuation of the Program. The PFM Reform Roadmap was also updated during the year, and a new Results Framework for PFMP was developed to mirror the new Roadmap that is consistent with the recommendations of the mid-term review. The year was a milestone for the implementation of the Roadmap as it saw the implementation of three key reforms for budget execution – the Unified Accounts Code Structure (UACS), the Treasury Single Account (TSA), and the Performance-Informed Budgeting (PIB). Moreover, the year also saw the incorporation of two new initiatives into the reforms – the establishment of the Office of the Comptroller General for Government and the drafting of a PFM Bill.



This is the second Annual Program Accomplishment Report of the PFMP that discusses the progress and achievements of the Program during 2013. Highlights for the year are - the Government’s adoption of the Unified Account Code Structure (UACS) for the preparation of the 2014 budget; completion of the design of the Treasury Single Account (TSA) in early 2013 with the remainder of the year focused on setting up the systems and processes required to begin implementation; the finalisation of tender specifications for the Government Integrated Financial Management Information System (GIFMIS) following validation exercises with Government agencies; the development of the first “performance-informed budget” that incorporated performance (output) information into the budget; and the development of a design for the PFM Competency Framework. The Program also completed support to the Department of Public Works and Highways (DPWH) to rollout the Electronic New Government Accounting System (eNGAS) and Electronic Budget System (eBudget) to its 206 offices, provided support to the Department of Social Welfare and Development (DSWD) to implement improvements to its internal audit and risk management functions; assisted to improve the internal audit function of the Department of Education (DepED) and conduct GIFMIS-readiness activities, and funded the delivery of eight training modules to support the roll-out of the Philippine Government Internal Audit Manual (PGIAM). 



This is the first Annual Program Accomplishment Report of PFMP that analyses progress achieved during the Program’s first full year of operations. The Report shows that 2012 was a successful year for the Government and for the Program, with significant progress achieved in designing central elements of the reforms.  The challenge for 2013 will be to maintain reform momentum as the reforms move into the implementation stage.

end faq

Click here to view archived documents 



Share on facebook


Download Fact Sheet click here

PFM Logo resize

Watch the Story of Juan

PFM video

Watch the PFMP AVP

PFM video