Manila City Hall Bags DILG's Coveted 'Good Financial Housekeeping' Award for 2024!
Manila City Government Praised for Fiscal Management Excellence
In a significant recognition of its dedication to responsible financial practices, the Manila City Government has successfully passed the 2024 Good Financial Housekeeping (GFH) assessment conducted by the Department of the Interior and Local Government (DILG). This prestigious award underscores Manila's unwavering commitment to ensuring efficient and transparent use of public funds, ultimately benefiting the citizens of Manila.
What is the Good Financial Housekeeping Award?
The DILG's Good Financial Housekeeping (GFH) assessment is a rigorous evaluation process designed to determine whether local government units (LGUs) are effectively managing their finances. It assesses various aspects of financial management, including budgeting, accounting, procurement, and internal controls. Achieving the GFH status signifies that an LGU adheres to sound financial principles and demonstrates a strong commitment to accountability.
Manila's Commitment to Fiscal Responsibility
The Manila City Government has consistently prioritized fiscal discipline and transparency. This award is a testament to the hard work and dedication of the city's financial team and their commitment to upholding the highest standards of financial governance. The city's leadership has emphasized the importance of responsible spending and maximizing the impact of public resources on the lives of Manilans.
Impact on Manila's Residents
The attainment of the GFH award has far-reaching implications for the residents of Manila. It demonstrates that the city government is effectively managing their taxes and prioritizing investments in essential services such as education, healthcare, infrastructure, and public safety. This responsible financial management allows the city to allocate resources more efficiently, leading to improved quality of life for all Manilans.
Looking Ahead
The Manila City Government remains steadfast in its commitment to maintaining and improving its financial standing. The DILG’s GFH award serves as a motivation to continue strengthening financial management systems and ensuring that public funds are used wisely and effectively for the betterment of Manila and its people. The city plans to build upon this success and explore new avenues for enhancing financial transparency and accountability.
This achievement reinforces Manila’s position as a leader in local governance and sets a positive example for other LGUs across the Philippines.
