Manila, Feb. 5 -- The Implementing Rules and Regulations (IRR) of Republic Act (RA) 12009, or the New Government Procurement Act (NGPA), have officially been approved, the Department of Budget and Management (DBM) announced Wednesday.

The IRR, which will guide the implementation of the landmark procurement law, was finalized and approved during a meeting led by the Government Procurement Policy Board - Technical Support Office (GPPB-TSO) on Tuesday, according to the DBM.

Budget Secretary and GPPB chair Amenah Pangandaman expressed gratitude to the Board members for their role in the IRR drafting process.

"With your strong drive toward building and enacting effective procurement reforms, you have all made this possible...Together, we ar...