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Executive Order No. 29 (2023)
—the continued development and implementation of the Integrated Financial Management Information System (IFMIS) will: (i) enable greater financial management and control of oversight and government agencies; (ii) ensure strict compliance with existing appropriations laws, rules and regulations, as well as government accounting standards and policies; (iii) significantly improve treasury cash management; (iv) facilitate the generation of financial reports; and (v) ease reportorial requirements fr
Section 1.
Coverage .—All departments, agencies, and instrumentalities of the National Government, including government-owned or -controlled corporations (GOCCs), are hereby directed, and all local government units are hereby directed, and all local government units are hereby encouraged, to adopt and implement the IFMIS in the processing of government financial transactions, consistent with Section 4 hereof.
Section 2.
Reengineering of Public Financial Management (PFM) Processes and IFMIS .—In the transition to full digitalization of PFM processes through the IFMIS, the PFM Committee, composed of representatives from the Department of Budget and Management (DBM), Department of Finance (DOF), Commission on Audit (COA), and Bureau of the Treasury (BTr), is hereby directed to:
a. Conduct policy and process review of key PFM processes, including budget management, budget execution, cash management, and accounting and reporting, to pinpoint prevailing bottlenecks and update corresponding policies accordingly;
b. Reengineer PFM processes and maximize the use of financial systems to ensure seamless government transactions; and
c. Devise strategic plan through the development of a PFM Reforms Roadmap to expedite the development of IFMIS, while ensuring harmonization of policies across oversight agencies.
Section 3.
PFM Committee .—The PFM Committee shall continue to lead the development and implementation of PFM reforms. For this purpose, the Committee shall perform the following functions:
a. Devise a five (5)-year plan for the development and implementation of the IFMIS that links NGAs with DBM. DOF, COA, and BTr to enable generation of comprehensive, accurate, reliable and timely consolidated financial and budgetary reports for oversight and implementing agencies;
b. Oversee, coordinate, and develop integration, simplification, and harmonization of the government's financial management processes and information systems, which shall cover all transactions of government in a systematic manner, and shall apply uniformly to all government oversight and implementing agencies;
c. Develop, oversee, and conduct comprehensive mid-term review of the implementation of the PFM Reforms Roadmap;
d. Shepherd and champion the passage of supporting legislation in Congress;
e. Coordinate budgetary and donor funding to support PFM reform efforts;
f. Provide comprehensive annual reports on all project milestones, findings, and recommendations to the Office of the President; and
g. Issue necessary implementing policies, mechanisms, and procedures to carry out the objectives of this Order.
Section 4.
Transition to the Full Implementation of the IFMIS .—The PFM Committee shall issue guidelines as to the transitional arrangement to be followed by covered agencies in the transition to full adoption of the IFMIS. The transitional arrangement shall take into account the results of the PFM policy and process review, technological infrastructure requirement, and capacity development interventions needed.
Section 5.
Technical and policy Support .—The Department of Information and Communications Technology is hereby directed to provide technical and policy support in the development and implementation of the IFMIS.
Section 6.
Funding .—The initial funding requirements necessary for the implementation of this Order shall be charged against the respective appropriations of NGAs, and respective corporate operating budgets of GOCCs, subject to availability thereof and compliance with pertinent budgeting and accounting laws, rules and regulations. thereafter, the funding requirements necessary for the continued implementation of this Order shall be included in the budget proposals of the covered agencies, subject to the usual budget preparation process.
Section 7.
Separability .—If any provision of this Order is declared invalid or unconstitutional, the other provisions not affected thereby shall remain valid and subsisting.
Section 8.
Repeal .—All orders, rules and regulations, issuances or parts thereof, which are inconsistent with the provisions of this Order, are hereby repealed, amended or modified accordingly.
Section 9.
Effectivity. —This Order shall take effect immediately upon its publication in the Official Gazette or in a newspaper of general circulation.
DONE, —in the City of Manila, this 1st—day of June, in the year of Our Lord, Two Thousand and Twenty Three.—
(SGD.)— FERDINAND R. MARCOS, JR. —
By— the President:
(SGD.)— LUCAS P. BERSAMIN Executive Secretary