Manila – The Bureau of Local Government Finance (BLGF) Local Fiscal Policy Service (LFPS) OIC Director Brenda L. Miranda participated in the Department of Budget and Management (DBM) Meeting on the Progressive Budgeting for Better and Modernized (PBBM) Governance Bill to discuss the financial management portion of the bill, on 18 April 2023, at the DBM Boncodin Hall, Manila.  

In line with the 8-point Socioeconomic Agenda which identifies bureaucratic efficiency as part of its key components, the PBBM Governance bill is a priority bill of the Legislative Executive Development Advisory Council (LEDAC) to the President.  

The bill aims to modernize the budgeting system by strengthening the foundational legal framework on Public Financial Management (PFM), institutionalizing the key PFM reforms on Treasury Single Account, Integrated Financial Management Information System, and Accounting and Auditing Reforms, and strengthening the implementation of the Cash Budgeting system, among others.