12/08/2026
๐ฏ๐ฐ ๐๐๐จ๐ ๐ฆ๐๐ฟ๐ฒ๐ป๐ด๐๐ต๐ฒ๐ป ๐ฅ๐ถ๐๐ธ-๐๐๐ฎ๐ฟ๐ฒ ๐๐ผ๐ฐ๐ฎ๐น ๐๐ผ๐๐ฒ๐ฟ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐๐ต๐ฟ๐ผ๐๐ด๐ต ๐ฃ๐ง๐-๐๐๐๐ ๐๐ฎ๐๐ถ๐ฐ ๐๐ผ๐๐ฟ๐๐ฒ
The Philippine Tax AcademyโLocal Government Finance Institute (PTA-LGFI) conducted the ๐๐ฟ๐ฎ๐บ๐ฒ๐๐ผ๐ฟ๐ธ ๐ณ๐ผ๐ฟ ๐ฅ๐ถ๐๐ธ ๐ ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐ถ๐ป ๐๐ผ๐ฐ๐ฎ๐น ๐๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐๐: ๐ ๐๐ฎ๐๐ถ๐ฐ ๐๐ผ๐๐ฟ๐๐ฒ on 11 August 2026 via Zoom, bringing together participants from ๐ฏ๐ฐ ๐น๐ผ๐ฐ๐ฎ๐น ๐ด๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐ ๐๐ป๐ถ๐๐ ๐ฎ๐ฐ๐ฟ๐ผ๐๐ ๐๐๐๐ผ๐ป, ๐ฉ๐ถ๐๐ฎ๐๐ฎ๐, ๐ฎ๐ป๐ฑ ๐ ๐ถ๐ป๐ฑ๐ฎ๐ป๐ฎ๐ผ.
More than introducing risk management concepts, the course highlighted an important lesson for local governments: ๐ฟ๐ถ๐๐ธ๐ ๐ฐ๐ฎ๐ป๐ป๐ผ๐ ๐ฎ๐น๐๐ฎ๐๐ ๐ฏ๐ฒ ๐ฎ๐๐ผ๐ถ๐ฑ๐ฒ๐ฑ, ๐ฏ๐๐ ๐๐ต๐ฒ๐ ๐ฐ๐ฎ๐ป ๐ฏ๐ฒ ๐ฎ๐ป๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐๐ฒ๐ฑ, ๐ฎ๐๐๐ฒ๐๐๐ฒ๐ฑ, ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐ฑ, ๐ฎ๐ป๐ฑ ๐บ๐ผ๐ป๐ถ๐๐ผ๐ฟ๐ฒ๐ฑ.
Through the sessions facilitated by ๐๐ป๐ด๐ฟ. ๐๐ผ๐ป๐ป๐ ๐ฅ. ๐๐ผ๐ป๐ถ๐๐ผ, participants explored four key areasโRisk Management, Risk Identification, Risk Assessment, and Risk Response and Monitoringโand gained practical lessons that can be applied to day-to-day LGU operations.
๐๐บ๐ผ๐ป๐ด ๐๐ต๐ฒ ๐ธ๐ฒ๐ ๐๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ฐ๐ผ๐๐ฟ๐๐ฒ:
๐น ๐ฅ๐ถ๐๐ธ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐ฏ๐ฒ๐ด๐ถ๐ป๐ ๐๐ถ๐๐ต ๐ถ๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐๐ถ๐ป๐ด ๐๐ต๐ฎ๐ ๐ฐ๐ผ๐๐น๐ฑ ๐ฝ๐ฟ๐ฒ๐๐ฒ๐ป๐ ๐ฎ๐ป ๐๐๐จ ๐ณ๐ฟ๐ผ๐บ ๐ฎ๐ฐ๐ต๐ถ๐ฒ๐๐ถ๐ป๐ด ๐ถ๐๐ ๐ผ๐ฏ๐ท๐ฒ๐ฐ๐๐ถ๐๐ฒ๐. Recognizing risks early allows offices to act before these develop into bigger operational or service-delivery problems.
๐น ๐ก๐ผ๐ ๐ฎ๐น๐น ๐ฟ๐ถ๐๐ธ๐ ๐ฟ๐ฒ๐พ๐๐ถ๐ฟ๐ฒ ๐๐ต๐ฒ ๐๐ฎ๐บ๐ฒ ๐ฟ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ. Assessing their likelihood and potential impact helps LGUs prioritize attention, resources, and appropriate controls.
๐น๐ ๐ฟ๐ถ๐๐ธ ๐ฟ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ ๐ถ๐ ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐ฎ ๐ฐ๐ผ๐บ๐ฝ๐น๐ถ๐ฎ๐ป๐ฐ๐ฒ ๐ฑ๐ผ๐ฐ๐๐บ๐ฒ๐ป๐. When regularly updated and used in decision-making, it can help LGUs systematically track risks, assign responsibility, and monitor appropriate responses.
๐น ๐ฅ๐ถ๐๐ธ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐๐ต๐ผ๐๐น๐ฑ ๐ฏ๐ฒ๐ฐ๐ผ๐บ๐ฒ ๐ฝ๐ฎ๐ฟ๐ ๐ผ๐ณ ๐ฒ๐๐ฒ๐ฟ๐๐ฑ๐ฎ๐ ๐ด๐ผ๐๐ฒ๐ฟ๐ป๐ฎ๐ป๐ฐ๐ฒ. From local finance and revenue administration to digital systems and public service delivery, developing a risk-aware mindset can lead to better decisions, stronger controls, and more resilient institutions.
In her opening remarks, ๐๐๐๐ ๐๐ต๐ฎ๐ป๐ฐ๐ฒ๐น๐น๐ผ๐ฟ ๐ ๐ฎ. ๐ฃ๐ฎ๐บ๐ฒ๐น๐ฎ ๐ฃ. ๐ค๐๐ถ๐๐ผ๐ป emphasized that effective risk management is not about predicting everything that may happen, but about ๐ฏ๐ฒ๐ถ๐ป๐ด ๐ฝ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐๐ต๐ฎ๐ ๐ฐ๐ผ๐๐น๐ฑ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป ๐ฎ๐ป๐ฑ ๐ฒ๐ป๐๐๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฎ๐ ๐ถ๐ป๐๐๐ถ๐๐๐๐ถ๐ผ๐ป๐ ๐ฐ๐ผ๐ป๐๐ถ๐ป๐๐ฒ ๐๐ผ ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ ๐ฑ๐ฒ๐๐ฝ๐ถ๐๐ฒ ๐๐ป๐ฐ๐ฒ๐ฟ๐๐ฎ๐ถ๐ป๐๐.
Concluding the activity, ๐ฉ๐ถ๐ฐ๐ฒ ๐๐ต๐ฎ๐ป๐ฐ๐ฒ๐น๐น๐ผ๐ฟ ๐ ๐ฎ. ๐ง๐ฒ๐ฟ๐ฒ๐๐ฎ ๐ฆ. ๐๐ฎ๐ฏ๐ถ๐๐ฎ๐ป encouraged participants to translate the lessons from the course into their respective workplaces and use risk management as a practical tool for strengthening local governance.
The course also serves as a foundation for PTA-LGFI's continuing learning interventions on risk management, providing LGUs opportunities to progress from understanding basic risk concepts toward more advanced applications in ๐ฒ๐ป๐๐ฒ๐ฟ๐ฝ๐ฟ๐ถ๐๐ฒ ๐ฟ๐ถ๐๐ธ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐, ๐ด๐ผ๐๐ฒ๐ฟ๐ป๐ฎ๐ป๐ฐ๐ฒ, ๐ฎ๐ป๐ฑ ๐ผ๐ฟ๐ด๐ฎ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฟ๐ฒ๐๐ถ๐น๐ถ๐ฒ๐ป๐ฐ๐ฒ.
The PTA-LGFI remains committed not only to delivering training programs, but to ensuring that every learning intervention provides ๐ฝ๐ฟ๐ฎ๐ฐ๐๐ถ๐ฐ๐ฎ๐น ๐น๐ฒ๐๐๐ผ๐ป๐ ๐๐ต๐ฎ๐ ๐๐๐จ๐ ๐ฐ๐ฎ๐ป ๐ฏ๐ฟ๐ถ๐ป๐ด ๐ฏ๐ฎ๐ฐ๐ธ ๐ฎ๐ป๐ฑ ๐ฎ๐ฝ๐ฝ๐น๐ ๐ถ๐ป ๐๐ต๐ฒ๐ถ๐ฟ ๐๐ผ๐ฟ๐ธ๐ฝ๐น๐ฎ๐ฐ๐ฒ๐โtoward more ๐ฟ๐ถ๐๐ธ-๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฒ๐ฑ, ๐ฟ๐ฒ๐๐ถ๐น๐ถ๐ฒ๐ป๐, ๐ฎ๐ป๐ฑ ๐ณ๐๐๐๐ฟ๐ฒ-๐ฟ๐ฒ๐ฎ๐ฑ๐ ๐น๐ผ๐ฐ๐ฎ๐น ๐ด๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐๐.