{"id":49270,"date":"2025-08-28T15:30:27","date_gmt":"2025-08-28T12:30:27","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=49270"},"modified":"2025-08-28T13:52:16","modified_gmt":"2025-08-28T10:52:16","slug":"the-philippines-could-become-the-first-country-to-move-its-national-budget-to-blockchain","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/the-philippines-could-become-the-first-country-to-move-its-national-budget-to-blockchain\/","title":{"rendered":"The Philippines Could Become the First Country to Move Its National Budget to Blockchain"},"content":{"rendered":"<p>At the Manila Technology Summit, Senator<strong> Bam Aquino<\/strong> announced the idea of moving the entire national budget onto blockchain. Aquino emphasized that this step could make the <strong>Philippines<\/strong> the first country in the world to achieve such a milestone:<\/p>\n<p>\u201cWe could be the first country to publish our budget on blockchain. Every citizen would be able to track every peso spent by the government.\u201d<\/p>\n<p>Aquino also noted that political support would be necessary to realize this vision.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/the-philippines-could-become-the-first-country-to-move-its-national-budget-to-blockchain\/#Blockchain_Already_in_Use\" title=\"Blockchain Already in Use\">Blockchain Already in Use<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/the-philippines-could-become-the-first-country-to-move-its-national-budget-to-blockchain\/#Global_Trend_Governments_Turning_to_Blockchain\" title=\"Global Trend: Governments Turning to Blockchain\">Global Trend: Governments Turning to Blockchain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/the-philippines-could-become-the-first-country-to-move-its-national-budget-to-blockchain\/#Could_the_Philippines_Make_History\" title=\"Could the Philippines Make History?\">Could the Philippines Make History?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Blockchain_Already_in_Use\"><\/span>Blockchain Already in Use<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Blockchain is already being tested for budget management in the Philippines.<\/p>\n<p>The Department of Budget and Management (DBM) is publishing documents such as SARO (Special Allotment Release Orders) and NCA (Notice of Cash Allocation) on the Polygon network.<\/p>\n<p>Paul Soliman, co-founder of BayaniChain, which developed this system, highlighted:<\/p>\n<p>\u201cThis vision aligns with ours. Blockchain offers a more transparent and accountable future for the Philippines.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Trend_Governments_Turning_to_Blockchain\"><\/span>Global Trend: Governments Turning to Blockchain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Philippines\u2019 initiative is part of a growing global trend. U.S. Commerce Secretary Howard Lutnick announced that, in line with crypto-friendly policies, the Trump administration would start publishing GDP data on-chain. These developments show that blockchain is increasingly being used not only for crypto markets but also for public transparency and accountability.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Could_the_Philippines_Make_History\"><\/span>Could the Philippines Make History?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aquino\u2019s proposal is still at the conceptual stage. If implemented, the Philippines would become the first country to fully move its budget to blockchain, allowing citizens to track public fund spending in real time. Blockchain could fundamentally transform government transparency and accountability.<\/p>\n<p data-start=\"5002\" data-end=\"5187\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/p>\n<div class=\"blog-share text-center\"><\/div>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>At the Manila Technology Summit, Senator Bam Aquino announced the idea of moving the entire national budget onto blockchain. Aquino emphasized that this step could make the Philippines the first country in the world to achieve such a milestone: \u201cWe could be the first country to publish our budget on blockchain. Every citizen would be<\/p>\n","protected":false},"author":37,"featured_media":49277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[236,563,192,393,5384,840,847,336,5760],"class_list":["post-49270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-altcoin","tag-altcoins","tag-blockchain","tag-crypto","tag-crypto-investment","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-digital-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Philippines Could Become the First Country to Move<\/title>\n<meta name=\"description\" content=\"At the Manila Technology Summit, Senator Bam Aquino announced the idea of moving the entire national budget onto blockchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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