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Preliminary research on natinoal budget and accounting system in the Philippines
| Title |
Preliminary research on natinoal budget and accounting system in the Philippines
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|---|---|
| Project Category | Consulting Programs |
| Material Type | Reports |
| Author(English) |
Korea Development Institute |
| Publisher |
Seoul : Korea Development Institute |
| Date | 2012-04 |
| Project | Consulting Programs |
| Series Title; No | Knowledge Sharing Program |
| Pages | 154 |
| Subject Country | Philippines(Asia and Pacific) South Korea(Asia and Pacific) |
| Language | English |
| File Type | Documents |
| Original Format | |
| Subject | Economy < Financial Policy Economy < Economic Administration |
| Holding | Korea Development Institute |
| Recipient Country | Philippines(Asia and Pacific) |
| Donor Country | South Korea(Asia and Pacific) |
| Supervisor | Korea Development Institute |
| Organizer | Korea Development Institute |
| Sponsor | Ministry of Strategy and Finance |
| License |  |
Abstract
The Korean government introduced many new Public Expenditure Management Systems (PEMS) in the 2000s, including the mid-term expenditure framework, topdown budgeting, performance management system and program budgeting. The Republic of the Philippines (RP) is also seeking to modernize their PEMS. Though the two countries want to modernize their PEMS, they place emphasis on different aspects due to their socio-political environments. Korea has long been improving transparency and made some progress in anti-corruption efforts. Most of the related reforms took place in the 1990s. In the 2000s, Korea introduced new PEMS in order to improve the efficiencies of the public resources. As for the RP, new systems have also been adopted in the past, like performance budgeting, program budgeting, Forward Estimates and top-down budgeting. Nowadays, however, RP is trying to introduce electronic systems to enhance transparency of their financial management with the hope of preventing corruption. (The rest omitted)
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