![Transparency Seal Transparency Seal](https://ncda.gov.ph/wp-content/uploads/2012/12/ts_banner-860.jpg)
A pearl buried inside a tightly-shut shell is practically worthless. Government information is a pearl, meant to be shared with the public in order to maximize its inherent value. The Transparency Seal, depicted by a pearl shining out of an open shell, is a symbol of a policy shift towards openness in access to government information. On the one hand, it hopes to inspire Filipinos in the civil service to be more open to citizen engagement; on the other, to invite the Filipino citizenry to exercise their right to participate in governance. This initiative is envisioned as a step in the right direction towards solidifying the position of the Philippines as the Pearl of the Orient – a shining example of democratic virtue in the region. Source: Section 7.0, National Budget Circular No. 542, August 29, 2012.
VII. ANNUAL REPORTS ON THE STATUS OF INCOME AUTHORIZED BY LAW TO BE DEPOSITED OUTSIDE THE NATIONAL TREASURY
(NOT APPLICABLE)