module 6

• Government budgeting


  The allocation of public funds to attain the economic and social goals of the country. It also entails the management of government expenditures to create the most impact from the production and delivery of goods and services.

  
• Importance of government budgeting

  • It enables the government to plan and manage its financial resources to support the implementation of various programs and projects that best promote the development of the country
  • Through the budget, the government can prioritize and put into action its plans, programs and policies within the constraints of its financial capability

  
• National government budget cycle

  1. Budget preparation

  2. Budget legislation or authorization

  3. Budget execution or implementation

  4. Budget accountability

  
• Budget preparation


  1. Budget Call

  2. Citizen Engagement

  3. RDC Consultations

  4. Program Convergence

  5. Agency Tier 1 Proposals

  6. Tier 1 Deliberations

  7. Budget Priorities Framework

  8. Agency Tier 2 Proposals

  9. Tier 2 Deliberations

  10. Presentation to the President and the Cabinet

  11. Consolidation, Validation, and Confirmation

  12. The President's Budget

  
• Budget legislation


  1. House Deliberations

  2. Senate Deliberations

  3. Bicameral Deliberations

  4. Ratification and Enrolment

  5. Enactment

  
• Budget execution


  1. Early Procurement Activities

  2. Budget Program

  3. Allotment Release

  4. Obligation

  5. Cash Allocation

  6. Disbursement

  
• Budget accountability

  1. Performance Targets

  2. Citizen Engagement

  3. Monitoring and Evaluation

  4. Agencies' Accountability Reports

  5. Performance Review

  6. In-Year Reports

  7. DBCC Mid-Year Report

  8. DBCC Year-End Report

  9. Audit

  
• The 1987 Constitution mandates the President to submit the Proposed Budget to Congress within 30 days from the opening of the regular session of Congress

  
• The proposed Budgets for 2012 to 2016 had been consistently submitted one working day after the opening of the regular session