22 PFM professionals finish BU, BTR and DBM's Public Financial Management Competency Program

Monday November 19,2018

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Ensuring the development and proficiency of public financial management (PFM) professionals, 22 PFM practitioners, including 14 from Bicol University, graduated from the Internal Audit track of the PFM Competency Program (PFMCP) training seminar under the ‘twinning arrangement’ between BU, the Department of Budget and Management (DBM), and the Bureau of Treasury (BTr) on 16 November 2018 at the DBM Regional Office V Building in Rawis, Legazpi City.

After a series of training seminars for the transition run, covering all five PFM tracks, a total of 22 program participants (composed of 14 PFM professionals from BU, 14 from DBM, and two from BTr) out of the 30 initial participants last July graduated in the PFMCP.

Upon completion of their last transition run, which was the Internal Audit Track, the participants were given the opportunity to share their impressions on their PFMCP training. They were also shown an audio-visual presentation which features photos of their trainings.

Before their certificates were conferred to them, they listened to the messages of DBM-RO5 Assistant Regional Director Bella V. Legazpi, DBM Internal Audit Services Director Dr. Dante B. de Chavez, and BU President Dr. Arnulfo M. Mascariñas. ARD Legazpi, Dr. Mascariñas and Dr.de Chavez were later joined by BU Vice President for Administration and Finance Dr. Amelia A. Dorosan for the awarding of the graduates’ certificates.

The PFMCP is a competency-based training program that seeks to provide impact on behavior; attitude, skills and knowledge (BASK), as well as work performance of PFM practitioners. The objective is to address the identified gaps in PFM in the country, particularly the implementation of appropriate capacity development initiatives and learning interventions.

It can be recalled that A Memorandum of Agreement (MOA) among BU, DBM and BTr was signed last June 14, solidifying the partnership between DBM, BU and BTr in the implementation of the Public Financial Management Competency Program (PFMCP) training series. Through this accord, the implementation of the PFMCP training series was transferred to Bicol University, with the goal of expanding the reach of the PFMCP to more PFM practitioners in the region.

The activity is a ‘training of trainers’ (TOT) and the resource speakers, during the roll-out next year, will come from this participating group, under the supervision of the BU’s Business Affairs Office (BAO). In DBM and the Bureau of Treasury’s (BTr) partnership with BU, as implementer of the PFMCP, the program will have five tracks under their ‘twinning arrangement’: the foundation track, budgeting and performance track, preparation and analytics track, internal audit track, and the cash management track.