What is Full Disclosure Policy?
It is the government’s policy that requires certain local officials of provinces, cities, and municipalities to fully disclose particular financial transactions of the LGU to keep their constituents informed of how the LGU budget is managed, disbursed and used.
Why is Full Disclosure important?
Full disclosure will:
- Promote honest, transparent, and orderly management of public funds
- Help minimize, if not totally prevent corruption and misuse of public funds
- Increase the people’s awareness of the available public funds and the allocated amount for development projects in their localities
The FDP Portal enables the public to view, download, and print LGU financial documents to allow their constituents to understand how their local goverments budget and spend for public services. The FDP Portal supports the implementation of DILG Memorandum Circular No. 2010-83 (as amended) and was developed in partnership with the development partners of the Philippine Development Forum, Working Group on Decentralization and Local Government.