Perhaps, it is possible to devise mechanisms under the aegis of the Comptroller and Auditor General to make such assessments on a continuing and scientific basis, by outsourcing as is being done in respect of commercial audit of public enterprises. Indeed, the audit of delivery of such public services deserve far greater energies and attention than many other sectors.
As far as the BSP is concerned, the newly amended Charter has strengthened the BSP’s capacity to better safeguard price and financial stability, and to promote an efficient payments and settlements system and public services act, among others. At the moment, the Philippines is on the verge of becoming an upper middle-income economy.