Scribd Logo
Upload

Welcome to Scribd!

  • Budget Legislation Budget Accountabil ITY

    Uploaded by

    Anonymous JF581aN
    10 views2 pages
    The document outlines the Philippine budget cycle which consists of four phases: budget preparation, budget legislation, budget execution, and budget accountability. It begins with the budget call issued by the Department of Budget and Management (DBM) and ends with the DBM monitoring the efficiency of fund utilization and agency performance. The budget preparation phase involves stakeholder engagement, budget hearings, and executive review before the President submits the proposed budget to Congress. Congress then deliberates the budget bill before the President enacts the General Appropriations Act. The budget execution phase entails agencies incurring obligations and the DBM releasing funds based on allotment documents and cash programs. The DBM then monitors agency performance and fund utilization during the budget accountability phase.

    Original Description:

    nxhqjvcytwcvytwehvbu

    Original Title

    qhwuyqwdgfd6ed37676427t187

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document outlines the Philippine budget cycle which consists of four phases: budget preparation, budget legislation, budget execution, and budget accountability. It begins with the budget call issued by the Department of Budget and Management (DBM) and ends with the DBM monitoring the efficiency of fund utilization and agency performance. The budget preparation phase involves stakeholder engagement, budget hearings, and executive review before the President submits the proposed budget to Congress. Congress then deliberates the budget bill before the President enacts the General Appropriations Act. The budget execution phase entails agencies incurring obligations and the DBM releasing funds based on allotment documents and cash programs. The DBM then monitors agency performance and fund utilization during the budget accountability phase.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views2 pages

    Budget Legislation Budget Accountabil ITY

    Uploaded by

    Anonymous JF581aN
    The document outlines the Philippine budget cycle which consists of four phases: budget preparation, budget legislation, budget execution, and budget accountability. It begins with the budget call issued by the Department of Budget and Management (DBM) and ends with the DBM monitoring the efficiency of fund utilization and agency performance. The budget preparation phase involves stakeholder engagement, budget hearings, and executive review before the President submits the proposed budget to Congress. Congress then deliberates the budget bill before the President enacts the General Appropriations Act. The budget execution phase entails agencies incurring obligations and the DBM releasing funds based on allotment documents and cash programs. The DBM then monitors agency performance and fund utilization during the budget accountability phase.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    DELA VEGA, NIKKI A.

    BCG/BAC 415/ TTH 5:30-7:00/ SFC 306


    JULY 26, 2016

    BUDGET CYCLE

    Starts with the


    budget call and
    ends with the
    Presidents
    submission of the
    proposed budget
    to Congress.

    BUDGET
    PREPARATION

    BUDGET
    LEGISLATION
    Starts upon the
    House Speaker's
    receipt of the
    President's budget
    and ends with the
    President's
    enactment of the
    General
    Appropriations Act.

    The people's money


    is actually spent. As
    soon as the GAA is
    enacted, the
    government can
    implement its
    priority programs
    and projects.
    BUDGET

    EXECUTION

    BUDGET
    ACCOUNTABIL
    The DBM monitors
    ITY
    the efficiency of
    fund utilization,
    assess agency
    performance and
    provides a vital
    basis for reforms
    and new policies.

    DELA VEGA, NIKKI A.


    BCG/BAC 415/ TTH 5:30-7:00/ SFC 306
    JULY 26, 2016

    BUDGET CYCLE
    BUDGET
    PREPARATION
    Budget Call by
    DBM

    Stakeholder
    Engagement

    Technical Budget
    Hearings

    Executive
    Reviews

    Consolidation,
    Validation and
    Confirmation

    Presentation to
    the President and
    Cabinet

    Presidents
    Budget

    House
    Deliberation

    BUDGET
    LEGISLATION
    Senate
    Deliberation

    Release
    Guidelines and
    Program

    Incurring
    Obligations

    Budget
    Accountability
    Reports (BARs)

    Bicameral
    Deliberation

    Ratification and
    Enrollment

    BUDGET
    EXECUTION
    Budget Execution
    Allotment and
    Documents
    Cash Release
    (BEDs)
    Programming

    Cash Allocation

    Disbursement

    BUDGET
    ACCOUNTABILITY
    Review of Agency
    Audit
    Performance

    Presidents
    Enactment and
    Vito

    Allotment
    Release

    Performance and
    Target Outcomes

    Performance
    -Based System

    You might also like