Professional Documents
Culture Documents
Implementation of approval of
Programs and policies and
Projects priorities; budget
allocation
Determination of
Macroenomic targets
and formulation of
Budget Strategy by the
Development Budget
Coordinating Committee
(DBCC)
An inter-agency body composed of the
- Chairman: DBM Secretary
- Members: Bangko Sentral Governor
Secretary of the Department of Finance
NEDA Director General
Office of the President Representative
Major activities involved
Budget Call
Preparation of Budget proposals by agencies
Review of Budget Proposals
Technical Budget Hearings
Executive Review
DBCC Review
Presentation to the Cabinet and President
Submittal of the Proposed Budget to Congress
Preparation: Decisions Points
Fiscal Policy: balanced surplus or deficit spending
New Revenue Measures
Borrowing Strategy
Expenditures levels
Allocation of expenitures
New spending programs/termination of ineffective or
completed programs
Recruitment
Upgrading of benefits
New programs/projects
Decision-Enhancing Governance Factors
Adherence to development plan; fiscal plan
Announcement of priority measures
Consultation with stakeholders
Results-based budgeting
Performance based expenditure costing
How does the budget
become a law?
Through
Congressional
Approval
Budget Legislation
ACTIVITIES LIMITATIONS
- First reading and endorsement to the House Congress cannot increase appropriations
Committee on Appropriations proposed by the President, but may reduce
- Review by Committee on Appropriations it (Section 25 (1), Article VI)
- * Committee Proper
- * Subcommittee When Congress fails to pass the GAA, the
- Preparation of Committee report and draft General GAA of the immediately preceding year shall
Appropriations Bill take effect (Reenacted budget)
- Second Reading
- Plenary Debate
- Approval on Third Reading
Budget Legislation
ACTIVITIES LIMITATIONS
- First reading and endorsement to the House Special appropriations bill must be
Committee on Appropriations supported by new revenue measures or
- Review by Committee on Finance excess revenues
- * Committee Proper
- * Subcommittee
- Preparation of Committee report and proposed
amendments
- Second Reading
- Plenary Debate
- Approval on Third Reading
Budget Legislation
Enactment of Laws
New revenue sources
Adjustments in macroeconomic parameters
Exchange rates
Change in resources availabilities
Grants
Accountability
- Review of accounting, financial and accomplishment reports
- Conduct of Agency Performance review
- Annual Reports
- Audit of Financial Statements
- Monitoring Reports
Tapos na mga bes!