to promote sound, efficient and effective management and utilization of government resources as instrument in the achievement of national socioeconomic and political development goals.
Executive Order No. 21 April 25, 1936 MANDATE:
History RA 992, Revised Budget Act June 4, 1954 CA No. 246 “balanced budget” Dec. 17, 1937 PD no. 1 Integrated Reorganization Plan of 1972
History Pres. Estrada Joseph Estrada Expansionary fiscal policy eliciting increased participation from the private sector in the overall budget process budget became an economic stimulus and a means to disperse the gains of economic development. Zero-based budgeting Pres. Ramos Pres. Arroyo Pres. Aquino
1. operational and sectoral policy reviews in collaboration/consultation with client agencies
2. Recommend budget and management policy improvements
3. Provide inputs to budget operations guidelines
4. recommendations/position papers on legislative proposals/bills and planned executive issuances with funding implications and specific agency issues on organization, compensation and position classification
also refers to the income, expenditures and sources of borrowings of the NG used to achieve national objectives, strategies and programs.
"The President shall submit to the Congress within 30 days from the opening of every regular session, as the basis of the GAB, a budget of expenditures and sources of financing including receipts from existing and proposed revenue measures." Section 22, (Article VII of the Constitution)