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DBM Boncodin Hall
A pleasant afternoon to my fellow Philippine Open Government Partnership (PH-OGP) Steering Committee members and all the advocates and champions of open government and good governance.
Magandang hapon po sa ating lahat.
Assalamu alaikum wa Raḥmatullahi wa Barakatuh.
As Budget and Management Secretary and PH-OGP Chairperson, I am thrilled to present our 2024 Annual Accomplishment Report, which highlights key milestones, as well as our collective efforts to push the Open Government agenda and which has allowed our country to position itself as a global leader in the open governance space.
The landmark institutionalization of the PH-OGP through the signing of Executive Order No. 31 in 2023 by no less than our President Ferdinand R. Marcos Jr. has made our Open Government agenda more vibrant than ever. It led to the formation of an even stronger Steering Committee—our policy- and decision-making body—which now includes representatives from women, youth, environment and climate, and justice sectors.
In the same year, we produced our 6th PH-OGP National Action Plan (NAP), the very first of its kind with a four-year implementation period.
And in May, we made history by engaging the Diplomatic partners during the celebration of Open Government Week 2024, which was filled with multi-partner-led sessions focused on different Open Government themes.
Building on the momentum of OpenGov Week 2024, we have implemented several targeted initiatives to address key Open Government challenge areas.
Access to Information
As the Department responsible for ensuring the efficient and sound utilization of our nation’s budget, DBM ensures that budget documents are accessible and open to public scrutiny. Our consistency in publishing the pre-budget statement, proposed and enacted budget, in-year and mid-year reports, and the People’s Budget series have gained us global recognition as the top country in Asia for budget transparency and sixth in the world for budget oversight based on the latest Open Budget Survey. So, our goal is to make it number one in the world.
Anti-Corruption
Driven by our commitment to modernizing procurement and meeting the people’s needs, we successfully pushed for the enactment of the New Government Procurement Act, hailed as the country’s biggest anti-corruption measure in recent history.
Signed into law by PBBM in July 2024, the NGPA mitigates the risk of conflicts of interest and introduces open contracting—a global standard enabling the public to access data and documents at all stages of procurement. It also encourages public participation of our civil society members so they can help ensure the prudent and judicious use of government resources.
Public Participation
We are also proud to share the resounding success of our journey toward empowering local communities and bringing the government closer to the people.
In collaboration with the Department of the Interior and Local Government, we launched the Support and Assistance Fund to Participatory Budgeting. This strengthened the partnership between CSOs and the government to deliver universal and equitable access to safe drinking water and sanitation services to identified municipalities.
We also take pride in the four local government units (LGUs) that became members of the prestigious OGP Local Program in April after passing a stringent selection process. These are Quezon City, Baguio City, the Municipality of Larena in Siquijor, and Tagbilaran City. They joined South Cotabato, which was accepted to the program in 2018.
Our OGPinas! Nationwide Advocacy Campaign has also evolved into a platform for raising awareness about the progress of the commitments under the 6th PH-OGP National Action Plan (NAP).
In just a year, we have visited nine regions, engaging almost 4,000 stakeholders, including OGP champions in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
And in the Legazpi leg of OGPinas!, we also celebrated International Women’s Day with the civil society in the Bicol Region. At this event, we were proud to showcase the PH-OGP as a shining example of women taking the lead in the country’s governance—with yours truly as Chair for Government and Ms. Araw Chavez as Chair for the Non-Government sector.
Digital Governance
Towards digitalizing our bureaucracy, we launched our Budget and Treasury Management System (BTMS), the cornerstone of our Integrated Financial Management Information System (IFMIS), last December.
This tool provides accurate, real-time data to support better decision-making, and it is a significant part of our Public Financial Management (PFM) Reforms Roadmap 2024-2028, our blueprint for modernizing and harmonizing our PFM processes, which we also launched last year.
OGP Leaders Roundtable
The Philippines has had opportunities to bring forward our advocacies to the global stage.
Last September, we joined the OGP Leaders Roundtable on the sidelines of the 79th United Nations General Assembly, proving our determination to share our best practices with all our fellow OGP champions on how we mainstreamed Open Government into our socioeconomic framework.
Not long after, on October 1, the Philippines, represented by yours truly, started its term as a member of the OGP Global Steering Committee, giving us a unique opportunity to develop, promote, and safeguard the Partnership’s values.
To kickstart our initiatives for the new year, we are thrilled to announce that the much-anticipated OGP Asia and the Pacific Regional Meeting is just a few days away!
Just last Sunday, we held the first-ever OGP Fun Run to officially mark the beginning of our Regional Meeting, and I am proud to share that over 4,000 participants ran for transparency, accountability, and participatory governance with us! We would like to thank all who came to support this run for open governance. This is living proof of our commitment to applying a whole-of-government and whole-of-society approach to OGP!
We likewise present to you our OGP Legacy Book entitled “Partners for Prosperity,” to be presented to us by Undersecretary Margaux Salcedo and the inspirational gallery to be unveiled by Undersecretary Rolando Toledo.
And now, allow me to present this video showcasing the official logo of the 2025 OGP Asia and the Pacific Regional Meeting, symbolizing our transformative journey towards open governance—driven by the passion and purpose of committed OGP champions in our community of nations.
Maraming salamat po. Thank you very much. Wabillahi Tawfiq Wal Hidaya, Wasalamu alaikum wa rahmatullahi wa Barakatuhu.
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To my dearest colleagues and fellow public servants from the Department of Budget and Management (DBM), isang mapagpalang araw po sa ating lahat.
Assalamu alaikum wa Rahmatullahi wa Barakatuh.
Bagong taon na naman, ibig sabihin, bagong buhay, pero sa DBM pareho pa rin: Dito Bawal Matulog, Dito Bawal Mapagod, pero Dito Babae Maganda.
We have a lot of work ahead of us this 2025...dahil wala tayong blank space—Alhamdullilah, ang mayroon tayo ay fiscal space, limited nga lang.
But we are grateful that we have a budget for FY 2025 because a reenacted budget would only mean delays in our priority programs and projects and setbacks in our economic growth targets, including “our goals of achieving single-digit poverty levels and upper-middle-income status.”
Kaya magpasalamat po tayo sa ating Pangulo na hindi reenacted ang ating budget!
Now with our limited fiscal space, how do we stay on track with our Agenda for Prosperity?
First, it is incumbent upon us to ensure better and strategic planning, and improve even further our budget preparation and execution process, especially to address the perennial challenge of underspending and achieve our targets in spite of various headwinds.
Second, as always, we will consider how agencies utilized their previous year’s budget and the implementation progress of their mandated programs and projects. The end goal is to make sure that only implementation-ready projects and proposals are considered, securing not only the equitable allocation but also the proper utilization of public funds.
Budget proposals should contain concrete programs, plans, and designs that outline key procurement and implementation milestones.
Third, now that we have the New Government Procurement Act (NGPA) (Republic Act No. 12009) and the e-marketplace which were designed to make procurement easier and more efficient, these should vastly improve our budget utilization.
I am also very proud that the NGPA has been hailed as the biggest anti-corruption measure in the country’s recent history as it introduces key reforms to enhance transparency and accountability while modernizing our Philippine Government Electronic Procurement System (PhilGEPS). It introduces the Most Economically Advantageous Responsive Bid or MEARB; institutionalizes the conduct of Early Procurement Activities; espouses open contracting; opens the procurement process to the participation of civil society organizations in procurement proceedings; and requires disclosure of beneficial ownership information. On top of this, it also champions green public procurement.
As we improve our budget execution, let us also follow our various roadmaps.
First, let us ensure the continuous alignment of our priorities and policy directions included in the Philippine Development Plan 2023-2028.
We now also have a Public Financial Management (PFM) Reforms Roadmap 2024-2028, which we turned over to the President last year. This is a comprehensive blueprint for the full digitalization of PFM processes and the adoption of the Integrated Financial Management Information System (IFMIS) across all government agencies. And I am happy to share that last December, we already successfully launched the Budget and Treasury Management System (BTMS) to facilitate real-time online accounting, monitoring, and oversight of obligations and disbursements.
In line with this, we will also continue our Public Financial Management Competency Program (PFMCP).
Finally, let us strengthen our commitment to the Open Government Partnership. Today, the Philippines is the No. 1 Most Fiscally Transparent country not just in Southeast Asia but in the entire Asia. This is based on the recently published 2023 Open Budget Survey (OBS). The DBM was also recognized as a Champion of Information Integrity by the Presidential Communications Office. Let us continue to be beacons of integrity, especially because last October, represented by yours truly, the Philippines became a member of the OGP Global Steering Committee. So we are now at the forefront of pushing forward the values of transparency, accountability, and inclusivity not just in the Philippines but to our community of nations around the world. In fact, we will host the OGP Asia and the Pacific Regional Meeting this coming February 5 to 7.
But today, please listen well to our resource persons from our Fiscal Planning and Reforms Bureau, as well as our Budget and Management Bureaus, who will discuss the budget preparation at a glance, budget proposals for inclusion in the agency budget, the Budget Preparation Forms and Instructions, as well as the Submission Requirements and Budget Preparation Calendar. The Philippine Commission on Women is also joining us for the first time to facilitate a planning session on Gender and Development (GAD) so we can further strengthen the “Women’s Budget.”
Mabuhay po tayong lahat! Mabuhay po ang Bagong Pilipinas!
Wabillahi Tawfiq Wal Hidaya, Wasalamu alaikum wa rahmatullahi wa Barakatuhu.
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A pleasant afternoon to everyone.
Assalamu alaikum wa Raḥmatullahi wa Barakatuh.
First, I would like to thank our esteemed resource speaker, our very own former DBM Secretary Benjamin Diokno, who now serves as a member of the Bangko Sentral ng Pilipinas (BSP) Monetary Board, for accepting our invitation to talk about his recently published book.
Congratulations, and welcome back to your home of many years, Sec. Ben!
We are so grateful to have you today as your extensive and exemplary service always inspires resilience, adaptability, and hope in the face of unprecedented challenges.
As his Assistant Governor at the Bangko Sentral ng Pilipinas, I personally witnessed how Gov Ben led the BSP out of the pandemic. I don't think it's an understatement to say that he saved the Philippine economy during the pandemic. It is no wonder that he was named the Global and Asia-Pacific Central Banker of the Year by The Banker in 2022.
If you want to learn how Gov Ben did it, aside from his latest book, the tribute of The Banker details how he expertly guided the BSP to fulfill its core functions, drive significant policy initiatives, and support the National Government during one of the most challenging periods in history—the COVID-19 pandemic.
He introduced reforms that mitigated the adverse impact of the pandemic on our economy and paved the way for its early recovery. This includes accelerating digitalization, promoting financial inclusion, strengthening BSP’s internal operations and research capabilities, enhancing consumer protection, and, most importantly, fostering a stakeholder-centric approach that has moved the institution closer to the Filipino people.
Gov. Ben was also instrumental in the modernization of the country’s banking system and invigorating the financial sector. He ensured that Philippine banks were well-capitalized and robust through the BSP’s regulatory and legislative measures.
From this, we can learn that when asked to close our doors due to danger, we must look for windows of opportunity to adapt and thrive amidst extraordinary circumstances.
So at this time, when the economy has been significantly impacted by the recent typhoons and severe weather conditions, discussing this book could not have been timelier. This masterpiece is not only the personal account of an incomparable leader but also an important guide for future leaders in times of crisis.
Once again, thank you for gracing us with your presence, sir, especially during library month. Your book will certainly be another great addition to our library.
So, as we celebrate National Library and Information Services Month, let us make the most of this golden opportunity to harness the potential of libraries to empower communities, foster inclusivity, and build resilience amidst adversities—not just this November but throughout our lives.
Let us all listen intently to a great leader, educator, one of my mentors, and author whose insights will surely leave an indelible mark in our hearts.
And finally, let this book serve as a reminder to engage more with our libraries and find books that will meaningfully impact our present lives and our nation’s future.
Thank you very much.
Wabillahi Tawfiq Wal Hidaya, Wasalamu alaikum wa rahmatullahi wa Barakatuhu.
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To Bangko Sentral ng Pilipinas Monetary Board Member, Dr. Benjamin E. Diokno;
Our partners from the academe: University of the Philippines - School of Economics, University of Asia and the Pacific, and Ateneo de Manila University;
My colleagues from various government offices, economists, researchers, policymakers, and international development partners, good afternoon!
Assalamu alaikum wa Raḥmatullahi wa Barakatuh.
First of all, thank you for participating in this policy dialogue organized by the Department of Budget and Management. Congratulations to our Budget Policy and Strategy Group led by our Principal Economist Dr. Joselito Basilio and Assistant Secretary Romeo Balanquit for bringing together the economic luminaries of the country for this dialogue that will help us navigate current challenges, explore potential fiscal strategies, and carve the country’s path towards economic stability and sustainable growth.
Fiscal Policy in Navigating Challenges
As you know, effective fiscal policy is crucial in stabilizing the economy, bolstering the country’s resilience to shocks, and achieving our economic targets.
We are lucky that during the start of this Administration, we have the Medium-Term Fiscal Framework in place, which allowed us to hit the ground running. And through the close coordination among the members of the Development Budget Coordination Committee (DBCC), we have emerged to become one of the fastest growing and most dynamic economies in the Asia-Pacific region today.
Macroeconomic Gains from Effective Fiscal Policies
Looking back, when the world grappled with the consequences of the COVID-19 pandemic, our country experienced a sharp decline in GDP, dipping to negative 9.5 percent in 2020. But through strategic fiscal expansionary strategies, such as stimulus packages, social protection subsidies, and investments in public infrastructure, we withstood the negative impact of the pandemic and even better, emerged as the fastest growing economy in the Asia Pacific Region, hitting 7.6 percent GDP growth in 2022.
With the continued implementation of various fiscal reforms and policies, I am pleased to report that the country continues to exhibit strong growth—positioning itself as one of the top performers in Asia. In the first half of the year, our economy grew by 6.0 percent despite external headwinds, now matching our pre-pandemic growth levels.
Recent typhoons and severe weather conditions caused our third-quarter growth to dip to 5.2 percent. Nevertheless, we will reinforce our prioritization of agriculture and climate action, both of which are already reflected in our Philippine Development Plan (PDP) 2023-2028, for a stronger fourth-quarter performance.
We are optimistic with the record-low inflation rate of 1.9 percent recorded just this September, the lowest since May 2020, mainly due to the big drop in rice inflation and reduced price of vegetables. And we are confident that the government remains on track as October inflation rate registered at 2.3 percent, further curbing the average inflation rate so far this year to 3.3 percent—well within the 2 to 4 percent target.
Our unemployment rate further declined to 3.7 percent in September from 4.0 percent in August. This brings the total number of employed Filipinos to 49.9 million, translating to 2.2 million new jobs on a month-on-month basis.
And inching towards achieving single-digit poverty levels by 2028, our poverty incidence has gone down to 15.5 percent in 2023, much lower relative to the 18.1 percent rate during the pandemic.
Medium-Term Fiscal Consolidation Plan
Given the above numbers, we are evidently on track to meeting our economic targets. Nevertheless, we must remain vigilant as to challenges that may hinder our desired economic and social transformation.
We will remain committed to our medium-term fiscal framework. Targets are [as follows]: 3.7 percent of deficit-to-GDP until the end of the Administration [and] a below-60-percent of debt-to-GDP ratio by 2026. The DBCC is also committed to ramping up our revenue efforts, which will increase by an average of 10.0 percent annually from 2025 to 2028.
On the expenditure side, disbursements will be sustained at a little over 20 percent of GDP for the entire plan period, reaching more than Php 7.6 trillion by 2028.
Reforms
Part of achieving sound fiscal management over the medium term is ensuring that key structural reforms are in place, enabling us to better achieve the country’s socioeconomic development goals.
Towards this end, we have launched the Public Financial Management (PFM) Reforms Roadmap 2024-2028, which seeks to ensure that we will practice accountability, efficiency, and transparency in managing our public finances.
This includes a game-changing blueprint for the digitalization of PFM processes through the adoption of the Integrated Financial Management Information System (IFMIS) across all government agencies. And I am happy to announce that we are launching the Budget and Treasury Management System (BTMS), which will be the core central system that will link and facilitate data exchanges between existing separate systems, before the year ends!
Another landmark reform capitalizing on digitalization is the New Government Procurement Act (NGPA). Dubbed as the biggest anti-corruption law in recent history, the NGPA institutionalizes electronic procurement and streamlines the procurement process, effectively reducing bureaucratic red tape and addressing corruption. With the recent approval of the revised GPPB Resolution, crafted upon extensive consultations with government agencies, we can now greenlight the pilot phase of the eMarketplace. It’s similar to Lazada and Shopee. Agencies can just open the website and just click “add to cart.” This will ensure that the system is working efficiently before nationwide implementation, enabling our agencies to seamlessly “add to cart” for unhampered government operations.
And in pursuit of fulfilling our commitments to the Open Government Partnership, we have ensured that our budget transparency is improved, and I am proud to share that we are now back [to being] No. 1 in Asia in Budget Transparency. We have also institutionalized Open Government, and we continue to dialogue with Civil Society Organizations as we strengthen our commitment to public participation in government—gearing up for the upcoming 2025 OGP Asia and the Pacific Regional Meeting, which I am pleased to announce will be hosted by the Philippines early next year.
In terms of fiscal management, the DBM has also directed agencies to identify bottlenecks in the execution of key programs and institutionalized the submission of periodic reports and preparation of catch-up plans to address underspending and to expedite the delivery of services to the Filipino people.
Towards a Stronger Fiscal Future
With these policies and programs laid out for the rest of the year and the coming years, we are confident that we will meet the country’s growth targets, laying the groundwork not only for short-term progress, but also and more importantly, for long-term prosperity.
However, we recognize that we must still constantly be on the lookout for innovative approaches tailor-fit to the country’s current needs—with the interest and welfare of the people as our top priority.
Hence, for this Conference, we are looking forward to hearing the fresh and innovative ideas that will come from your presentations, case studies, and in-depth discussions. The Filipino people are relying on us in steering the country’s trajectory towards our Agenda for Prosperity, through improved fiscal health, which will situate them in an environment that allows and encourages them to fulfill their dreams and aspirations.
After seeing all the abstracts for presentation and the roster of participants today, I believe everyone will agree that we are also blessed to have such brilliant minds in the government, development partners, and the academe. I have seen a variety of topics related to debt management, public spending, tax reforms, and poverty reduction—matters held urgent and important by the DBCC. With this, we are ready to listen.
I am personally excited to see all these ideas come into fruition, be integrated into our fiscal governance, sustain the gains of the Administration, and leave their lasting impact that will benefit the future generations of Filipinos—fulfilling our promise of a Bagong Pilipinas.
Thank you very much.
Wabillahi Tawfiq Wal Hidaya, Wasalamu alaikum wa rahmatullahi wa Barakatuhu.
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Good morning to all the advocates and champions of open government and good governance present here today, most especially to my fellow Philippine Open Government Partnership (PH-OGP) Steering Committee (SteerCom) members.
Assalamu alaikum wa Raḥmatullahi wa Barakatuh.
Four months ago, we held our last quarterly meeting in Manila, and now we are here in Pampanga to continuously fulfill our commitment to uphold the Open Government principles of transparency, accountability, citizen participation, co-creation, and inclusion.
I am proud and grateful to affirm that within a short amount of time, we reached new heights and achieved significant milestones that have positively shaped our communities.
First of all, as you know, we can be very proud to have passed the New Government Procurement Act (NGPA), updating our 20-year-old procurement law.
I was able to report at the OGP Leaders Roundtable on the sidelines of the 79th United Nations General Assembly in September that this was signed into law last July, less than a year since we announced at the Open Government Partnership Global Summit in Tallinn, Estonia last year that we would pursue amendments to the Government Procurement Reform Act (GPRA).
We consider this not only a milestone towards improving efficiency but an important anti-corruption measure as public procurement is one of the governance aspects most prone to corruption, especially since we allot 40 to 45 percent of our annual budget to procurement undertakings. This is just for the national government. Iba pa po ‘yung local government units, so that’s how important our procurement law is.
It was especially noted at the OGP meeting in New York how the NGPA guarantees transparency through open contracting. Stakeholders will have access to procurement information and observers from the private sector and civil society will be invited to participate in all levels of procurement proceedings.
The NGPA now also requires bidders to disclose beneficial ownership information to identify the ultimate owner and prevent collusion in public procurement.
Let me also highlight that in August, a little less than a month after the enactment of this new law, we launched three innovative digital platforms to make government procurement more open, transparent, participatory, and efficient. These include the Procurement Observers’ Portal, the NGPA Microsite, and the Billy Bayong Chatbot. Through these tools, every Filipino is now empowered to monitor and engage with the government procurement process. In fact, in that portal, we are already working on the IRR. The law provided us six months to finish the IRR, but our technical staff, tatapusin po nila ‘yung IRR natin. Then, we’re going to post everything online. So we hope all our stakeholders, lahat ng partners, I hope you’ll have time to check it out para maipasok po natin ‘yung mga inputs ninyo doon sa ating IRR which is very important.
These milestones bring to life my declaration during our 2nd quarter meeting—that public participation will be embedded at all levels of the procurement process. And I am proud to see this vision now unfolding.
Aside from commending the NGPA at the OGP Leaders Roundtable in New York, I am also proud to share today that OGP CEO Sanjay Pradhan cited the Philippines' efforts in mainstreaming open government in its socioeconomic framework. Lagi po tayong special mention ni Sanjay sa kanyang mga speeches!
It has not gone unnoticed that we have institutionalized OGP through an Executive Order and we even included OGP as a key strategy in our Philippine Development Plan 2023-2028. So, I would like to take this opportunity to thank our members and partners for all your work and our enthusiastic collaboration, which has reinforced the Philippines’ position as a global leader in open governance space!
In October, we embarked on our new role of leading OGP in the region as a member of the OGP Global Steering Committee! The Philippines, represented by yours truly, started its term last October 1, and we already see the magnitude of the responsibility and the opportunity to elevate our efforts on a regional and even global scale.
We will have a great opportunity to do just that as we host the OGP Asia and the Pacific Regional Meeting this coming February 5 to 7, 2025. We will make this the most dynamic, fruitful, and memorable OGP Regional Summit ever! In Shaa Allah!
I think a few days before the Summit, we will hold our first face-to-face Steering Committee meeting with the new members.
Also last October, we launched our Public Financial Management (PFM) Reforms Roadmap 2024-2028, a comprehensive blueprint for the full digitalization of PFM processes and the harmonization of PFM policies across agencies. And I’m also happy during the crafting of this, with our PEFA Assessment, we included three major topics which are also important in our advocacy and our movement. First, climate change. Second, disaster. Third, of course, gender, which Ms. Araw is working on. More than the sectors that we have been representing for the past few years, we included other areas which we can also spearhead through Open Government Partnership.
Ultimately, this roadmap will enable us to uphold the principles of transparency and accountability by putting digital transformation at the forefront of our reform agenda. This is key to achieving our goal of having an open government that delivers more efficient and responsive public services to the Filipino people.
We will implement the Integrated Financial Management Information System (IFMIS), which will not only foster bureaucratic efficiency through the timely and efficient management of public funds across national government agencies and instrumentalities but will also eradicate corruption through digitalization.
Finally, just two weeks ago, at the first-ever ministerial-level International Conference on Women, Peace, and Security (ICWPS), the PH-OGP convened notable women leaders from the Judiciary, civil society, and the Bangsamoro government for a panel discussion on the integration of the WPS Agenda into the open government framework. No less than my co-chair, Ms. Araw Chavez was part of the panel in this side-event which was a resounding success. This is a testament to our commitment to ensuring a transparent, accountable, and participative governance that leads to a peaceful and prosperous nation through gender-responsive approaches. At the same event, we gave our commitment to include the WPS Agenda in our OGP Asia and the Pacific Regional Meeting next year.
I’m sure that we are all looking forward to that and the other matters that we will be discussing today, including the PH-OGP Annual Accomplishment Report.
So, let’s get going and make this meeting purposeful and productive. As we proceed with today’s agenda, let us keep in mind our shared aspiration for a truly open government—isang Bagong Pilipinas, kung saan ang gobyerno ay bukas at mapagkakatiwalaan at ang mga mamamayan ay pinakikinggan.
Maraming salamat po. Wabillahi Tawfiq Wal Hidaya, Wasalamu alaikum wa rahmatullahi wa Barakatuhu.
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