Chairperson Michael G. Aguinaldo and officialsof the Commission welcome delegates from the Supreme Audit Institution ofVietnam and World Bank Hanoi on a study visit to the Philippines on 3 March2017. The participants discussed issueson environment audit.
COA officials conduct teleconferencing on Supreme Audit Institutions (SAI) Performance Management Framework (PMF) with representatives of the INTOSAI Development Initiative (IDI) on 9 March 2017.
Chairperson Michael G. Aguinaldo was the keynote speaker and inducting officer at the Institute of Internal Auditors of the Philippines General Assembly on 15 February 2017. Chairperson Aguinaldo talked about the role of internal auditors in strengthening integrity and governance.
The Commission on Audit showcased the gains of the Citizen Participatory Audit of Local Disaster Risk Reduction and Management at a public presentation held at the Professional Development Center Auditorium on 7 February 2017.
Commissioner Isabel D. Agito leads COA officials in welcoming representatives of the Audit Board of Indonesia on a study visit to the country to discuss the audit of health insurance systems on 2 February 2017.
Chairperson Michael G. Aguinaldo and Commissioner Jose A. Fabia join the participants of the training on security administration held at the Professional Development Center on 27 January 2017.
The Philippines-Australia Public Financial Management Program (PFMP) is assisting the Philippine government to start shifting from obligation-based appropriations to annual cash based appropriations as a disciplined measure to better manage public resources and deliver on its promise to double infrastructure spending and ramp up social sector spending.
The PFM principals comprised of the Department of Budget and Management (DBM), Bureau of the Treasury (BTr) and the Commission on Audit (COA), have endorsed the new reform strategy of introducing cash appropriations.
The foundation of this reform is to shift the focus of the budget system away from incurring obligations to spending cash.
Obligations are intentions, not expenditures. The current system of obligation-based appropriations does not promote disciplined execution of the annual budget,” said DBM Secretary Benjamin Diokno. This is the essence of a sound public financial management or PFM system: an annual budget that is promptly funded, implemented and accounted for.
The Government has committed to spend 7% of the country’s GDP on infrastructure following its aggressive mandate to “Build, Build, Build”—a program aimed at ushering in the “Golden Age of Infrastructure” for the Philippines.
“The political priority of the infrastructure agenda gives this PFM reform a hard edge. It is about making the PFM system fit for purpose,” said Gary Ellem, PFMP Team Leader. “We think this is a sound reform that is timely and will help the Government of the Philippines deliver. DBM, BTr and COA are right behind this. Although this reform is a significant change, it builds on key reforms that PFMP has supported in recent years like the TSA, BTMS and PREXC,” he added.
The Treasury Single Account (TSA) is a cash management system that consolidates government accounts and optimizes utilization of the government’s cash resources. The Budget and Treasury Management System (BTMS) is an integrated, web-based financial management information system that covers budget execution and reporting. Meanwhile, the PREXC restructures an agency’s budget around programs to promote a better focus on policy and performance. The move to annual cash based appropriations builds on all three reforms as the basis for a sound, transparent and efficient use of public funds. (contributed by the Public Financial Management Program)
COA Chairperson Michael G. Aguinaldo and PNOC RC President and CEO John J. Arenas (center) lead the inauguration ceremony for the 200kWp Rooftop Solar PV Project on 1 March 2017. With them are (from left) COA Commissioner Isabel D. Agito, Director Maria Carmina E. Cruz of the PNOC RC and Engineer Pedro L. Lite Jr., Vice President for Operations of the PNOC RC.
The Commission on Audit (COA) donned its environment-friendly hat by promoting renewable energy (RE) through the new 200 kilowatt solar rooftop facilities installed at its Professional Development Center (PDC) Building and new COA Dormitory. The project was made in cooperation with the Philippine National Oil Company – Renewables Corporation (PNOC RC).
COA and the PNOC RC held the switch-on ceremony for the rooftop solar PV project on 1 March 2017 at the PDC Building.
COA undertook the project in response to the government campaign to utilize alternative source of electricity at less cost.
“We are hoping that through this project we will be able to generate significant savings by lowering our electricity cost and at the same time, lower our carbon footprint for environmental reasons,” COA Chairperson Michael G. Aguinaldo said. He added that while only two COA buildings were installed with the rooftop solar PV, there is a lot of potential for the other Central Office buildings and Regional Offices.
View of the solar panels installed at the Professional Development Center
We are elated that our fellow government agencies, such as COA, are engaged in the development and implementation of renewable and efficient energy programs. It is evident that COA’s initiatives are aligned with the PNOC RC’s vision and the government’s thrust on promoting renewable energy. We are grateful and we are proud to be working with another government agency that shares the same values and vision and we look forward to working with COA as a long-term partner,” PNOC RC President and CEO John J. Arenas said.