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Ph Budget Government Process
The document discusses the four phases of the budget process: 1) Budget Preparation which occurs from January to July and involves developing budget parameters and proposals. 2) Budget Legislation from August to December where Congress debates and approves the budget through legislation. 3) Budget Execution from January to December which is when approved funds are released and agencies implement projects. 4) Budget Accountability also from January to December involves agencies reporting on financials and performance so the budget utilization can be assessed.
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Ph Budget Government Process
- 1. The Budget Process Budget Preparation Budget Legislation Budget Execution Budget Accountability MPA 203Local Governance & Administration
- 2. Government Budgeting Four Phasesof the Budget Process Budget Preparation Budget Legislation Budget Execution Budget Accountability
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- 4. DBCC approves budget parameters Budget Hearings Cut-off for Inclusion ofItems in Budget Proposal Approval by President and Cabinet Budget Call Budget Consolidation President Submits Budget Proposal to Congress Budget Preparation Government Budgeting
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- 6. House Hearings/ Debate House Approval & Submission to Senate Senate Hearings/ Debate Senate Approval Bicameral Conferenc e Committee President Signs intoLaw Budget Legislation Government Budgeting
- 7. Congress enacts appropriationbill (GAB) and President signs it into law (GAA) Budget Legislation Government Budgeting NEP GAB GAA
- 8. ARTICLE VI, SECTION25 of the Constitution 7. “ If, by the end of any fiscal year, the Congress shall have failed to pass the general appropriations bill for the ensuing fiscal year, the general appropriations law for the preceding fiscal year shall be deemed reenacted and shall remain in force and effect until the general appropriations bill is passed by the Congress.” Government Budgeting
- 9. President’s Veto Power “ThePresident shall have the power to veto any particular item or items in an appropriation, revenue or tariff bill, but the veto shall not affect the item or items to which he does not object to.” Section 27(2), Article VI Philippine Constitution Government Budgeting
- 10. Budget Execution DBMreleases funds Agencies implement project/ activity Government Budgeting
- 11. Budget Execution 11 AGENCY prepares MDP DBM releases GARO& NCA Agency implements AUDITING & ACCOUNTING RULES AND REGULATIONS
- 12. HOW FUNDS ARERELEASED? 1. To authorize the agency to enter into obligation or commitment : • GAA as released Documents Department/Agency/By Program,Project,Activity further segregated into Not Needing Clearance (NNC) and Needing Clearance (NC) • General /Special Allotment Release Order GARO/ (SARO) – released showing the purpose, by allotment/object class, in peso amounts; Government Budgeting
- 13. To obligate andpay expenses Notice of Cash Allocation (NCA) – the initial NCA is released automatically to cover the first semester requirements; – common fund concept, that is, allotment class or projects are not specified in the NCA; HOW FUNDS ARE RELEASED… Government Budgeting
- 14. To obligate andpay expenses . . . . * Approved work and financial plan * Availability of Allotment * Subject to accounting and auditing Rules and regulations ex. Tax withheld HOW FUNDS ARE RELEASED… Government Budgeting
- 15. Budget Accountability Agency submitsmonthly/quarterly/annually Financial Accountability Reports (FAR) to DBM DBM assesses agency performance against targets and financial accomplishment (Budget Utilization) - Obligations and Disbursements
- 16. Rationale/Purpose • Monitor theefficiency of government’s fund utilization - GDP • Assess agency performance • Provide a vital basis for sound decision and policy making for rational allocation of scarce resources
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