Senator Aquino has proposed a novel blockchain-based system for the Philippines’ national budget, aiming to increase transparency and accountability in government spending. The senator envisions this groundbreaking approach as a solution to enhance public confidence in finances. His proposal highlights the potential of blockchain technology to revolutionize public finance management, allowing citizens real-time tracking of government transactions. Senator Aquino expressed his intention to submit the bill soon, emphasizing its importance for ensuring every peso is publicly accessible and accountable. This initiative follows recent efforts by the Department of Budget and Management (DBM) that have implemented a document verification system using blockchain on Polygon. While this program focuses on combating fake records, Aquino’s proposal aims to revolutionize the entire budgeting process. The move coincides with global trends in applying blockchain technology to public sector operations, exemplified by the U.S. Commerce Department’s plans to utilize blockchain for reliable and transparent GDP reporting. If successful, the Philippines could lead the way in implementing this innovative system for national budgets.