ISSUES AND CHALLENGES IN EDUCATIONAL FINANCIAL MANAGEMENT IN PHILIPPINE SCHOOL

1. EDUCATIONAL FINANCIAL
MANAGEMENT

2. This topic focuses on the following:
• Guiding Principles of Sound Financial Management
System
• Know the 2022 DepEd Budget Allocations
• Issues and Challenges in Financial Management in
Phil. School
• Recommendations/Suggestions to answer the issues
and challenges

3. GUIDING PRINCIPLES
1. INTEGRITY
Financial management practices must be
IMPLEMENTED in ways that promote and
sustain the integrity of the school district and
the community.

4. GUIDING PRINCIPLES
2. EFFICIENCY
A school’s district financial management
system must USE available resources in ways
that most directly and EFFECTIVELY meet the
educational needs of students.

5. GUIDING PRINCIPLES
3. EDUCATIONAL EXCELLENCE FOR ALL CHILDREN
 Must SUPPORT the provision of high quality
learning environments, opportunities, and
experiences.

6. GUIDING PRINCIPLES
4. FUNDING ADEQUACY AND EQUITY
 Must ENSURE that all schools and programs are
provided with sufficient resources to provide a
quality education to all students.

7. GUIDING PRINCIPLES
5. PUBLIC INVOLVEMENT
 Parents and community members have a MAJOR
STAKE in how schools and districts use public
resources to educate their children and support
their communities.

8. GUIDING PRINCIPLES
6. TRANSPARENCY
 The need for OPENNESS by school officials to
share information about school finance matters
with everyone.

9. GUIDING PRINCIPLES
7. COMPETENCE/PROFESSIONALISM
 Local and government organizations should
REQUIRE AND PROVIDE training that will enable
individuals to reach a high professional level of
competence.

10. GUIDING PRINCIPLES
8. ACCOUNTABILITY
 Must GUARANTEE that the processes involved in
the administration of public funds are conducted
openly, and that those involved are held
accountable to the highest standards of
professional ethics and competence.

11. THE 2022 DepEd BUDGET
 In support of Article XIV, Section 1 of the 1987
Phil. Constitution which states “The State shall
protect and promote the right of all citizens to
quality education at all levels and shall take
appropriate steps to make such education
accessible to all,” Section 5 (5) of the said article
mandates that “the State shall assign the HIGHEST
BUDGETING PRIORITY to education.”

12. THE 2022 DepEd BUDGET
 Indeed, the Department of Education covers
the BIGGEST PORTION of the General
Appropriations Act (GAA).
 For 2022, the Deped-Office of the Secretary
covers Php773.6 billion of the National Budget.
Internally, the budget increased by Php65.50 B
from the 2021 budget. (2021-P708.18B)

13. BUDGET PRIORITIES
K to 12
 “ The Enhanced Basic
Education Act of 2013”
commonly known as the K to
12, is the BOLDEST MOVE by
the government to promote
educational quality. In
support of this reform and to
stay true to its battle cry
“Sulong EduKalidad”, DepEd
continuously provides
resources to support the K to
12 Program.
Government Assistance
and Subsidies (GAS)
 The program is DepEd’s
instrument for
COLLABORATING with
Private schools in delivering
quality, accessible, and
relevant education to Junior
and Senior High School
grantees through vouchers.

14. BUDGET PRIORITIES
Additional Compensation and
Professional Development for
the Personnel
 To ACKNOWLEDGE the
efforts all teaching non-
teaching personnel give the
Department to serve and
deliver quality education to
our Filipino learners, DepEd
has allocated budget for
additional compensation and
professional development of
the said positions.

15. ISSUES AND CHALLENGES
Shortages, Lack of
Budget Still Afflict
Public School
System
Call for Salary
Upgrade
Commercialized
Education

16. RECOMMENDATIONS/SUGGESTIONS
1
Clearly
define the
role of school
leaders in
crisis
response
2
Enlist school
leaders to lead
the process to
re-open
schools
3
Develop programs
to train and
connect school
leaders

17. “Whatever it is, whatever it be, whatever will be,
let us continue giving hope and continuity to the
humanity for the betterment if not the best for
our country”.
-Thank you
WORDS TO PONDER…