26/06/2026
WATCH: President Ferdinand R. Marcos Jr. leads the endorsement of the Philippines Public Financial Management (PFM) Reforms Roadmap 2024-2028 Midterm Update and the launch of a new digital platform to make government spending more transparent and accessible to the public during a ceremonial program in Malacañan Palace on June 26, 2026.
Prioritizing high-impact measures to strengthen transparency, accountability and faster delivery of public services, the updated PFM Roadmap streamlines the original 41 reform interventions to 18 priority measures — 14 mission-critical reforms and four (4) quick wins, all targeted for completion by 2028. The remaining 23 long-term interventions will continue to be pursued based on institutional readiness, available resources and support from development partners.
As part of this reform effort, the Department of Budget and Management (DBM) launches the Centralized Open Monitoring Platform for Appropriations and Spending Statistics (COMPASS), which will help Filipinos track where public funds go and how they are spent. COMPASS consolidates thousands of budget release records and trillions of pesos in government spending data into a single platform, making budget information more accessible, understandable and actionable for the public.