Philippines
2025
Capacity Development Activities
March 10 – 14: Government Finance Statistics and Public Sector Debt Statistics
In consultation with the Department of Finance (DOF) of the Philippines, Deon Tanzer, CDOT Government Finance Statistics (GFS) and Public Sector Debt Statistics (PSDS) Advisor, delivered technical assistance (TA) on GFS and PSDS in Manila. This mission supported the DOF in reviewing compilation procedures of Government-Owned and Controlled Corporations (GOCCs) per the GFS manual 2014 (GFSM 2014), debt outcomes, and their alignment with quarterly PSDS, including quarterly local government estimates. The mission also upgraded compilation procedures for general budgetary government from audited financial reports and addressed GFS yearbook and PSDS dissemination questions.
October 21 – November 1: Government Finance Statistics and Public Sector Debt Statistics
In consultation with the Department of Finance (DOF) of the Philippines, Deon Tanzer, CDOT Advisor, delivered 5-day technical assistance (TA) on Government Finance Statistics (GFS) and Public Sector Debt Statistics (PSDS) in Manila during November 4 – 8, 2024. The mission conducted a one-day Government-Owned or Controlled Corporations (GOCCs) Stakeholders’ Forum with the DOF Corporate Sector and Strategic Infrastructure Group (CSSIG) to discuss the appropriate classification of 18 monitored GOCCs. In addition, this mission completed the translation of GOCC financial statements to GFS for 2021 to 2023 and presented to stakeholders the outcomes. The follow-up TA was also arranged to improve GFS and PSDS, including on upgrading budgetary central government compilation procedures, addressing questions on current GFS and PSDS outcomes, and further refining Balance Sheet Approach (BSA) compilation procedures.
June 18 - 28: Government Finance Statistics
| Deon Tanzer, CDOT Advisor, conducted a workshop to further support the Department of Finance (DOF) Corporate Affairs Group (CAG) to apply the appropriate institutional sector classification of 18 monitored Government Owned and Controlled Corporations (GOCCs) and reviewed CAG compilation files to translate GOCC financial statements to GFS. In addition, this mission reviewed progress on improvements to public debt statistics, worked with Bangko Sentral ng Pilipinas (BSP) to further develop the public sector contribution to the balance sheet approach (BSA) and finalized general government GFS data for loading to IMF databases. In response to a request from the Philippines Tax Academy, a two-day GFS and PSDS training workshop was provided to DOF officials. |
