DBM Warns Against Unauthorized Fund Release Facilitators
In a bid to safeguard the integrity of government transactions, the Department of Budget and Management (DBM) has released Circular Letter No. 2024-8 on March 7, cautioning all government entities against individuals or groups claiming to have influence over the release of government funds.
The Circular Letter, a proactive measure by the DBM, highlights the agency’s commitment to transparency and accountability. It clearly states that no person or group is authorized to facilitate or expedite the release of funds from the DBM. The letter serves as a stern reminder that DBM officials and personnel are prohibited from soliciting requests for fund releases or asking for any form of payment to expedite such processes.
This announcement comes amidst reports of certain entities offering services to fast-track fund releases in exchange for payment. The DBM has reiterated that such practices are not only unauthorized but also undermine the principles of good governance.
Local Government Units (LGUs) and other government agencies are urged to report any such illicit activities to the proper authorities. The DBM assures the public that it is taking all necessary steps to investigate these claims and will take appropriate action against those found in violation of government regulations.
The issuance of this Circular Letter is part of the DBM’s ongoing efforts to ensure that the allocation and disbursement of public funds are conducted in a fair, efficient, and lawful manner. The DBM encourages vigilance and cooperation from all sectors to prevent any attempts at corruption and to maintain the public’s trust in government institutions.