Professional Documents
Culture Documents
Budget Cycle (GROUP 5)
Budget Cycle (GROUP 5)
Agency Tier 1
1. Budget Call 2. Citizen Engagement 3. RDC Consultations 4. Program
Proposals (Ongoing
Jan of Prior FY Before Tier 1 & 2 Before Tier 1 & 2 Convergence
Expenditures)
Fiscal Year) Proposals Proposals Before Tier 1 & 2 Proposals
February of Prior FY
PREPARATION
9. Audit Report 6. Tier 1 Deliberations
Within Next FY March of Prior FY
8. Agency Tier 2
7. DBCC Mid-Year
Proposals (New/
Report
September of FY
Expanded Spending)
May of Prior FY
10. Presentation to
5. Performance Review
President & Cabinet
Throughout FY
July of Prior FY
1. Performance Targets implements the Budget for the current year, it 2. Senate Deliberations
October-December of September-November of
Prior FY also prepares the Budget for the next fiscal year Prior FY
1. Early Procurement
3. Allotment Release 2. Budget Program 5. Enactment of the
4. Obligation Activities
January (Comprehensive) October-December of GAA
Throughout FY October-December of
and Throughout FY Prior FY December of Prior FY
Prior FY
Conclusion • The Budget Cycle
A. BUDGET PREPARATION
5. Agency Tier 1 Proposals 10. Presentation to the President and the Cabinet
February of Prior FY4 July of Prior FY
Agencies prepare the forward estimates (FEs) or current costs The DBM, DoF, and NEDA, with the BSP (as the DBCC)
of their ongoing programs and projects and submit these for present the proposed Budget before the President and the
the “Tier 1” stage of 2TBA. Cabinet for discussion and approval.
1
A Fiscal Year is a period of twelve months for which a government plans its management of money.
2
The DBM issues the National Budget Call for NGAs, including SUCs; and the Corporate Budget Call for GOCCs.
3
Citizen engagement, consultation with RDCs, and Program Convergence Budgeting do not happen sequentially. Rather, these must be conducted before agencies
submit their proposals for Tier 1 (February) and Tier 2 (May).
4
Before the 2TBA was adopted, agencies submit their proposed budgets—both for ongoing programs as well as new or expanded expenditures—once.
288
The Budget Cycle • Conclusion
The 2017 Proposed Budget is scheduled to be submitted to Congress just before the Constitutional deadline, or on August 24, 2016, in order to give the incoming
5
Duterte administration a chance to review the Proposed Budget which was prepared during the Aquino administration.
289
Conclusion • The Budget Cycle
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