Wednesday, 23 May 2012
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Department of Budget and Management (DBM) Secretary, Florencio Abad, recently announced a central payroll system, included in the national payment portal to be launched next year.
Under the national payment portal, the DBM will eventually take over the distribution of salary of government employees, while the specific government agency is tasked only to prepare its employees’ payroll.
“By next year, the National Treasury will be the one to remit premiums to the Government Service Insurance Systems and withholding taxes for the Bureau of Internal Revenue. This is to prevent problems of non-remittance of premiums and taxes,” Abad said in an official statement.
As Abad disclosed the program during his presentation of the National Action Plan on Anti-Corruption and Good Governance, he further explained the government’s plan to utilise information technology to be more accountable to the people.
According to Abad, an integrated financial information management system aimed to improve public finance management is set to be in place by 2016.
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