Oliver Bugarin 3 0 0 4 min to read

IRR on digital payment adoption will be available in a few weeks: DBM

Executive Order (EO) 170, which requires the adoption of digital payments for governmental disbursements and collections, is being implemented by the Department of Budget and Management (DBM) well within the deadline.

E0 170, which former President Rodrigo Duterte signed on May 12, acknowledges that digital payments will make it easier to quickly distribute financial aid to recipients.

The agencies have created and produced the IRR, which is currently undergoing consultation. So perhaps we’ll have the IRR in a few weeks. Amenah Pangandaman, the budget secretary, told senators during a Wednesday briefing for the Development Budget Coordination Committee that “and we’ll push for the digitalization.”

Pangandaman also disclosed that the DBM, citing the significance of developing Information and Communications Technology (ICT) in the new normal, has allotted PHP12.47 billion for the transformation and digitalization of government processes and transactions under the proposed national budget for 2023.

“Our ICT and digitalization budget for 2023 is PHP12.47 billion in total. This applies to all national government organizations. We also included a section on digital payments for government financial transactions in the budget for 2023. This is associated with Executive Order No. 170, The Adoption of Digital Payments for Government Disbursements and Collections, which was signed by the previous president Duterte, she added.

Pangandaman stated that the Department of Information and Technology (DICT) would get the greatest portion of this sum, totaling PHP4.24 billion, to expand its ICT systems and infrastructure.

With PHP3.56 billion, the Department of Finance comes in second, which is thought to aid in increasing revenue collection.

Several senators and the government’s economic team have considered digitizing government transactions and processes since the revolutionary program will undoubtedly give many Filipinos access to quick and responsive service delivery.

EO 170 acknowledges that the Covid-19 epidemic has brought to light the advantages of using digital payment services across various industries, as it has made it possible to supply government services and do business quickly, easily, securely, and transparently manner.

The EO directs and requires local government units (LGUs) to use digital payments for their respective disbursements and collections, state universities, colleges, and government-owned or -controlled enterprises.

For the payment of products, services, and other disbursements, such as the distribution of financial aid and the payment of salaries, wages, allowances, and other forms of employee remuneration, all covered agencies are required to use secure and effective digital disbursement.

All covered agencies must provide a digital method of collecting payments for taxes, fees, tolls, and other charges and impositions for government collections. It is understood that accepting cash and other conventional forms of payment is not prohibited by this Order.


***
We appreciate your reading. You may also consider sharing it with others.
Please comment below if you found this post interesting.
Be one of our DONOR / SPONSOR to support NextGenDay news website.
***
Please follow and like us:
error2
fb-share-icon
Tweet 2k
fb-share-icon20
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
error

Enjoy this blog? Please spread the word :)

0
Would love your thoughts, please comment.x
()
x