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.

The FDP Portal enables the public to view, download, and print LGU financial documents to allow their constituents to understand how their local government’s budget and spend for public services.

Why Is Full Disclosure Important?

1. It fosters transparency, integrity, and methodical stewardship of public resources, ensuring taxpayer money is managed with accountability.
2. It creates safeguards against corruption by establishing visibility into financial flows, making it more difficult for funds to be misappropriated or diverted.
3. It empowers citizens by providing them with knowledge about available public funds and specific allocations for community development projects, enabling more informed civic participation.