Budgeting Process Report

8/18/2019 Budgeting Process Report

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THE PHILIPPINE BUDGETARYPROCESS

Reporter:


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PHILIPPINE NATIONAL BUDGET------ CONCEPT

It is a fnancial plan to pursue priorityprograms & projects o thegovernment in line with its economic

growth & human development thrusts.

It is an instrument or goodgovernance, as government agenciesare accountable or the delivery omeasurable results through theirrespective budgets.


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PHILIPPINE NATIONAL BUDGET------ CONCEPT

The fnancia !"eprint o# theco"ntr$%& 'e(eop)ent pan*

P"rpo&e To en&"re that p"!ic re&o"rce& are

)ana+e' )ore e,cient$ an' ith the+reate&t 'e+ree o# 'i&cipine*


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PHILIPPINE BUDGETARY PROCESSS – LEGAL BASIS

Section 22, Article VII of the 1987 Constitution sets the

tone for the budgetary process.

The proce'"re in the preparation o# the nationa !"'+et i&re+"ate' !$ a* On or !e#ore Octo!er ./ o# each $ear0each 'epart)ent &ecretar$ &"!)it& to Depart)ent o#B"'+et the e&ti)ate' inco)e an' e1pen'it"re& o# the

!"rea"& an' o,ce& "n'er hi& 'epart)ent #or the ne1t f&ca$ear*

Upon receipt o# a !"'+et e&ti)ate& o# inco)e an'e1pen'it"re&0 the Depart)ent o# B"'+et an' 2ana+e)entprepare& the nationa !"'+et*

Prior to thi&0 hoe(er0 the B"'+et &ecretar$ canin(e&ti+ate0 re(i&e0 e1a)ine0 a&&e)!e0 coor'inate0 an'

re'"ce or increa&e the !"'+et e&ti)ate& o# the 'i3erent'epart)ent&0 !"rea"& an' o,ce& o# the +o(ern)ent*


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PHILIPPINE BUDGETARY PROCESSS – LEGAL BASIS

A#ter preparin+ the !"'+et0 the B"'+et &ecretar$ &"!)it& itto the Pre&i'ent0 ho in t"rn &"!)it& it to Con+re&& ithin4/ 'a$& !e#ore the openin+ o# the re+"ar &e&&ion*

The 5678 Con&tit"tion &pecifca$ pro(i'e& that thePre&i'ent 9&ha &"!)it to the Con+re&& ithin thirt$ 'a$&

#ro) the openin+ o# e(er$ re+"ar &e&&ion0 a& the !a&i& o#the +enera appropriation& !i0 !"'+et o# e1pen'it"re& an'&o"rce& o# fnancin+0 inc"'in+ receipt& #ro) e1i&tin+ an'propo&e' re(en"e )ea&"re&9 Sec* ..0 Art* ;I


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HO> IS THE GO;ERN2ENT BUDGETCRA?TED AND APPRO;ED@

The B"'+etProce&&


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BUDGET CYCLE

There are four phases in managing the National Budget:

Budget Preparation

Budget Legislation

Budget Execution

Budget Accountability

During the preparation phase, the Executive prepares the

proposed National Budget. This is followed by the legislation

phase where the ongress authori!es the "eneral #ppropriations #ct. $n the execution phase, agencies utili!e

their approved budgets and during the accountability phase,

the executive monitors and evaluates the use of the budget.


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THE NATIONAL BUDGET CYCLE

PREPR!I"#

$E%I$!I"#

E'E()!I"#

((")#!*I$I! +


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5* BUDGET PREPARATION

*(( setsparameter

s

*udget(all

ta-eholders

(onsultation

gency*udget

Proposals

!echnical*udget

earings

E/ecutive

Review

(onsolidation,

0alidation &

(onfrmation

Presentation

!o President

& (abinet

ThePre&i'ent%&

B"'+et


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.* BUDGET LEGISLATION

ubmission o*udget

!o (ongress

")EE$I*ER!I"#

1 ppropriations o(omm. earings

1 Plenaryeliberations

1 pproval o %*

E#!EE$I*ER!I"#

1 2inance (omm.

earing

1 Plenaryeliberations

1 pproval o enate%*

*icameral(onerence

(ommittee

Ratifcation o

armoni3ed

0ersion o%*

0eto and

Enactmento

%

Reenactment

4Partial or 2ull5

#lternatively called the “Budget Authorization phase,” this starts upon

the %ouse &pea'er(s receipt of the )resident(s Budget and ends with the)resident(s enactment of the "eneral #ppropriations #ct.


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4* BUDGET EECUTION

This is where the people(s money is actuallyspent. #s soon as the "## is enacted, the

government can implement its priority

programs and pro*ects.


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* BUDGET ACCOUNTABILITY

This phase happens alongside the BudgetExecution phase.

Through Budget #ccountability, the DB+monitors the efficiency of fund utili!ation,

assesses agency performance and

provides a vital basis for reforms and new

policies.


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Budgeting Process Report

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