MANILA CITY – As part of the Quality Management System (QMS) of the Bureau of Local Government Finance (BLGF), the Local Debt Monitoring and Evaluation Division (LDMED) conducted an Online Coaching on the Certificate of Net Debt Service Ceiling and Borrowing Capacity (CNDSC/BC) Processing for BLGF Regional Focal Persons in two (2) batches last 19 and 20 October 2022, respectively, via Zoom.
Acting LDMED Chief, Mr. Daniel C. Santos, his opening message, emphasized the importance of the continuous improvement of the BLGF regional focal persons to ensure the accuracy of the processing of CNDSCBC.
“Our counterparts from the regional offices are important in ensuring the accuracy in the initial evaluation of the local government units (LGUs)’ applications for the issuance of the CNDSCBC. We need to constantly review the process and the updated guidelines in view of the persistent errors committed in the evaluation and processing of applications, particularly on the completeness of documentary requirements and computation of the NDSC and BC”, Mr. Santos said.
The said online coaching is designed to discuss the updates on the electronic NDSC/BC processing, identify the persisting errors committed in the evaluation of documentary requirements, and in the preparation of templates for signature.