Promoting Good Governance

Submitted by AFPAO on Fri, 06/29/2018 - 08:47

The Information Drive on Budget Execution was held today, September 22, 2015 at PAF Museum, Multi-Purpose Hall, Colonel Jesus Villamor Air Base, Pasay City in coordination with the Office of the Air Force Management & Fiscal Office (AFMFO).

COL STEPHEN P PARREÑO PAF (GSC) the Chief, AFMFO, said in his closing speech that this activity will add up knowledge to different budget personnel of the PAF as they play a vital role in executing a smooth operation with regard to resource and financial management. He also added that more importantly utilization of resources must be in accordance with regulations.

Apparently, there’s a need to educate them on the Provisions of the New Fiscal Letters such as the Management and Fiscal Letter Nr 2014-03 dated 10 November 2014 which governs the Comprehensive Guidelines on the use of Petty Cash fund and Management and Fiscal Letter Nr 2015-01 dated 02 February 2015 which outlines the Revised Guidelines on the Designation of Special Disbursing Officers.

Furthermore, new updates on fiscal operations and budget execution were reiterated in order for them to align their fiscal operations and budget execution process and procedures with the new guidelines.

The Philippine Air Force will continue to promote good governance and its effort to ensure economic, efficient, and effective utilization of resources.