Manila, June 11 -- Department of Finance (DOF) Secretary Ralph Recto on Wednesday said results of the Philippine Public Expenditure and Financial Accountability (PEFA) Assessment Report can guide authorities how to judiciously allocate and spend funds to sustain the delivery of quality public service and programs.

Results of the 2024 Philippines PEFA Assessment Report, released Tuesday, showed that the government "maintains a strong fiscal foundation, demonstrated by robust revenue and expenditure performance, effective debt and cash management, comprehensive performance monitoring, transparent intergovernmental transfers, and improved procurement oversight."

"I see these reports as part of the compelling literature that will remind tho...