Philippine E-Journals

Leveraging Information Technology for Enhanced Fiscal Policy and Debt Management in Public Administration

Isagani Tano

Discipline: Education

 

Abstract:

This study investigates the utilization of information technology in leveraging fiscal policy and debt management within public administration in the Philippines. Through a comprehensive analysis of survey data collected from a diverse sample of respondents, the study examines the profile of respondents in terms of age, gender, and language used, as well as their perceptions of the impact of information technology and the factors influencing its utilization. The findings reveal a predominance of older respondents, with individuals aged 40 and above comprising the largest proportion of the sample. Additionally, the majority of respondents were male, and English emerged as the predominant language spoken among participants. Moreover, the study demonstrates a consensus among respondents regarding the high impact of information technology on both fiscal policy and debt management processes. Participants recognize the transformative role of technology in reshaping financial governance practices, with a weighted mean of 3.88 for fiscal policy and 3.67 for debt management. These findings underscore the significant benefits that technology offers in optimizing efficiency, transparency, and effectiveness in fiscal decision-making, ultimately contributing to better governance outcomes and economic development. Furthermore, the study identifies various factors affecting the utilization of information technology, with organizational culture, resource allocation, leadership support, and regulatory frameworks emerging as key determinants. Participants acknowledge the critical importance of addressing these factors to ensure the effective integration and utilization of technology within public sector financial management. Additionally, participants' experiences highlight the diverse yet generally positive impact of technology on efficiency, transparency, communication, and decision-making processes within their organizations. In conclusion, this study emphasizes the transformative potential of information technology in driving positive change within public administration, particularly in fiscal policy and debt management. By addressing key challenges and leveraging technological innovations, organizations can enhance their financial governance practices, promote transparency and accountability, and ultimately contribute to sustainable development and economic growth in the Philippines.