Sunday, December 18, 2011

Importance of liquidation of government funds

by Jocelyn P. Alvarez

The Social Welfare Department during a recent dialogue with state auditors, accountants highlighted the importance of liquidation of government funds, in line with the President's call for transparency.

Thirty-three auditors from the Commission on Audit (COA), 72 municipal accountants and three supervisor accountants participated in a dialogue initiated by the Department of Social Welfare and Development (DSWD) held in one of the local hotels here.

DSWD Information Officer Narrabelle Bue said in implementing government programs, it is important to have common knowledge and understanding of the COA Rules and Regulations and to strictly implement the rules as expected.

She said that liquidation of program funds downloaded to the local government units is also essential as the president is bent on promoting transparency in the government bureaucracy.

"The local government specially their auditors and accountants are involved because the DSWD downloads to the LGU the funds specially on social pension, supplemental feeding and rice subsidy," Bue explained.

Bue said the dialogue was aimed at orienting the participants on the guidelines and principles of procurement and financial management system, auditing rules and regulations and to have a unified knowledge of the rules so as "to avoid delays and lapses in the implementation of DSWD projects like rice subsidy, social pension, supplementary feeding and the like."

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