Improved Transaction Flows and Costs

1. Improved Transaction Flows and Costs David L. Balangue President, Finance Executives Institute of the Philippines National Competitiveness Summit 06 October 2006

2. VISION STATEMENT A government whose services and interaction with the private sector are characterized by predictabilitydue to transparency, accountability and efficiency

3. SITUATIONER World Competitiveness Yearbook rank # 49 (IMD 2006, out of 61 economies) Ease of Doing Business rank # 126 (World Bank Doing Biz 2007, out of 175 economies) Global Competitiveness Report rank # 71 (World Economic Forum 2006-2007, out of 125 economies) Corruption Perception rank # 117 (Transparency Intl Annual Report 2005, out of 159 countries)

4. Doing Business(World Bank Report , 2007, out of 175 economies)

5. Corruption Perceptions Index(Transparency Intl Annual Report , 2005, out of 159 countries)

6. DIAGNOSIS OF THE CHALLENGE

7. A CALL TO ACTION • Streamlining of the bureaucracy and red tape both at the national and LGU level in matters pertaining to business transaction processes • Undertake continuous advocacy towards ensuring that LGUs and NGAs develop and implement time bound programs and measures toward improving competitiveness • Implement and advocate documented risk-based and automated system, and supplement it with audit-based system in all government transactions and services, with the end in view to institutionalize the systems designed

8. Thank You