Marcos institutionalizes DBM public funds tracker
Philippine President Ferdinand Marcos Jr. has signed an executive order to institutionalize the COMPASS platform, a digital tool for public monitoring of government funds. The platform allows citizens to track budget allocations, releases, and actual spending across various government agencies.
Why it matters
This initiative aims to increase government transparency and accountability by providing a centralized, accessible digital record of public fund utilization.
MANILA, Philippines - The Department of Budget and Management's (DBM) platform, where the public can monitor and track government funds has been made permanent and embedded into government systems.
This comes after President Ferdinand Marcos Jr. signed Executive Order No. 126 on Tuesday, September 28, to institutionalize DBM's Centralized Open Monitoring Platform for Appropriations and Spending Statistics (COMPASS).
The digital platform COMPASS, launched in late June this year, allows the public to track the movement of government funds from approval to release, obligations incurred, and actual disbursements.
The information can also be filtered by agency, department, purpose, fiscal year and other categories.
"There is a need to institutionalize the COMPASS portal to enhance public access to information on government budget, procurement, and fund utilization through a unified digital platform," the executive order read.
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