Digitalization is the way to move forward — DBM chief Pangandaman

Digitalization is the way to move forward — DBM chief Pangandaman

By Tracy Cabrera

Con-current budget secretary Amenah Pangandaman. (Photo courtesy of The Manila Times)

SAN MIGUEL, MANILA — In line with the eight-point socioeconomic agenda of the new Marcos administration, the Department of Budget and Management (DBM), under the leadership of interim secretary Amenah Pangandaman will spearhead the ‘First 100-day Roadmap on Digitalization’ which aims to enhance bureaucratic efficiency and ensure sound fiscal management.

“Digitalization is our way forward. As President Marcos said, it is the 4th industrial revolution. We are entering an age of rapid technological advancement. And so we have to adapt,” Pangandaman pointed out.

In his first State of the Nation Address (SoNA), President Ferdinand ‘Bongbong’ Marcos Jr. stressed the importance of digitalization in public service, and in response, the DBM will be exploring the capabilities of cloud infrastructure and Application Programming Interfaces (APIs) for real-time processing of government service, as well as blockchain technology for decentralized transparency.

“As the world moves into rapid digitalization, the digital divide will become more pronounced. The depth and breadth at which these technologies will be transformative in our lives are fully expected,” the chief executive had expressed in his SoNA.

Pangandaman, a well-versed economist, noted that one of the highlights of the president’s 100-day roadmap is the improvement and enhancement of the existing Government Integrated Financial Management Information Systems (GIFMIS) which will significantly improve the cash management of our country’s treasury and will allow greater financial management, improve data governance, and enhance oversight control.

“An integral part of the GIFMIS is the Budget and Treasury Management System (BTMS) which will be developed by the DBM, together with the Department of Finance, and the Commission on Audit. BTMS will be a centralized database to facilitate the generation of vital information on all aspects of government financial transactions. Through the platform, all transactions are mapped in real-time from purchase to payment,” the budget chief explained. (ai/mtvn)

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