In support of government’s advocacy in promoting transparency and accountability in the government, the Department of the Interior and Local Government, issued Memorandum Circular No. 2010-083 also known as the Full Disclosure Policy (FDP).
The Full Disclosure Policy (FDP) requires local governments to fully disclose particular financial documents to keep their constituents informed of how the LGU budget is managed, disbursed and used. It primarily aims to promote honest, transparent, and orderly management of public funds, help minimize, if not totally prevent, corruption and misuse of public funds, and increase the people’s awareness of the available public funds and the allocated amount for development projects in their localities. Initially, the required documents are to be posted in at least three (3) conspicuous places, the LGU website, and in print media of community or general circulation.