The summit was envisioned to reinforce the fiscal management
skills and proper conduct of court employees in all trial courts, the offices of the clerks of court, and PACE chapter officers in Metro Manila.
Our people deserve better fiscal management
of government operations, so services become better, too, for the comfort of the Filipino," Monreal added.
In that regard, he said, the government had passed the Fiscal Responsibility Law, and established the Fiscal Advisory Council to advise it on the fiscal management
of the economy, while the budget deficit has been capped at five per cent of Gross Domestic Product (GDP).
The Second State Consolidation Development Program (PACE2) is structured around two pillars: 1) reestablishing basic fiscal management
and transparency, which will help boost fiscal revenue, improve wage bill management, curb the use of exceptional budgetary procedures, and increase budget control and transparency; 2) supporting economic recovery, which will support a pro-poor, post-transition reform agenda that revitalizes the drivers of economic growth in roads, agriculture, and telecommunications (ICTs) sectors.
"Some degree of flexibility on fiscal discipline should not be seen as irresponsible fiscal management
," one senior government official said, requesting anonymity due to the sensitivity of the matter.
A veteran financial executive and a certified public accountant, Fields will be responsible for the fiscal management
of both RediClinic and Health Dialog as they continue to grow in the total population management services and retail health care markets, reporting to the CEO of Health Dialog and RediClinic, Web Golinkin.
Referring to the Competitiveness and Growth DPC, he said that the financial support provided by the World Bank, was meant to improve the business environment and enhance fiscal management
; it focuses on simplification and streamlining of the payment of taxes; improvement in governance and transparency of policies to attract private sector investment; and remove entry barriers in the insurance sector.
"The other side has to accept that the arrangements that are necessary related to how the state functions, fiscal management
or the banking frameworks are not Greek Cypriot demands but they are obligations stemming from being an EU member.
Mario Mansour, Deputy Chief of Tax Policy Dvision of IMF's Fiscal Affairs Department, said revenue diversification could help dampen impact of oil price volatility on fiscal management
, thus improve fiscal sustainability.
The 2015-2019 Fiscal Management
Policies focus on stimulating the economy and at the same time ensuring mid- to long-term fiscal soundness.
"My fear is the Treasury might say, 'We expect a certain level of fiscal management
responsibility and therefore we'll hold back from devolving those fiscal powers'."