FISCAL

MANAGEMEN
Fiscal
Management

T
Lea M. Basco
 Financial Sytem
A financial system is a network of
FINANCIAL
SYSTEM AND
financial institutions that work
PROCESSES together to exchange and transfer
capital from one place to another.
Through the financial system,
investors receive capital to fund
projects and receive a return on their
investments.
 Planning and Budgeting
PLANNING
FINANCIAL
is a framework which helps management to
SYSTEM AND
develop a plan of action to estimate future
PROCESSES
revenues and cost to anticipate future events, to
reduce uncertainty about the future and to
increase the chances of achieving the goals and
objectives of the organization through
coordination of plans.
 Planning and Budgeting
BUDGETING
FINANCIAL
SYSTEM AND are quantitative expressions of these
PROCESSES plans, expressed in either physical or
financial terms or both budget is a
plan showing how resources are to be
acquired and used over a specific
time period
 Linkages involved between
Planning and Budgeting
FINANCIAL
SYSTEM AND
PROCESSES
 Planning Cycle
Planning and
Budgeting
(Government
Procedure)
 Planning
Planning and 1. Fiscal Planning
Budgeting
(Government 2. Sectoral Planning
Procedure)
3. Regional Planning
4. Program/Project Planning
5. Short-term Planning
6. Long Term-Planning
 Budgeting
Planning and
Budgeting
1. What is government
(Government budgeting?
Procedure)
2. Why is government
budgeting is
important?
 Budgeting
Planning and 3. What are
Budgeting
(Government
the major
Procedure) processes
involved in
national
government
budgeting?
 Budgeting
Planning and 4. What is budget preparation?
Budgeting
(Government
Procedure) DBCC BrT, BIR, BC

NEDA DBM

DOF CONGRESS
 Budgeting
Planning and 5. How is the budget
Budgeting
(Government implemented?
Procedure)
7. Why does the
government prepare a new
budget every year?
 Planning (School Procedure)
Planning and
Budgeting
(School 1. Strategic Planning
Procedure)
2. Annual Procurement Plan
3. Annual Implementation
Plan
4. Work and Financial Plan
 Budgeting (School Procedure)
Planning and
Budgeting
1. What is a school
(School
Procedure)
budgeting?
2. What are the school
sources of funds?
 Budgeting (School Procedure)
Implementing Unit Non-Implementing Unit
Planning and
Budgeting  Allocation from the national  Allocation from the national
(School budget downloaded directly by budget downloaded by its
the DBM regional office division office
Procedure)
 Income Generating Projects or IGP (e.g., school canteen,
agricultural production, arts and crafts, fund raising activities,
etc.)
 Donations (PTA, alumni, non-government organizations,
private companies, private individuals, etc.)
 Other government sources (e.g. SEF, LGU general fund,
sponsorship by members of congress from other national funds,
etc.)
 Other sources
 Budgeting (School Procedure)
Implementing Unit Non-Implementing Unit
Planning and
Budgeting  Allocation from the national  Allocation from the national
(School budget downloaded directly by budget downloaded by its
the DBM regional office division office
Procedure)
 Income Generating Projects or IGP (e.g., school canteen,
agricultural production, arts and crafts, fund raising activities,
etc.)
 Donations (PTA, alumni, non-government organizations,
private companies, private individuals, etc.)
 Other government sources (e.g. SEF, LGU general fund,
sponsorship by members of congress from other national funds,
etc.)
 Other sources
 PROJECT PROCUREMENT
MANAGEMENT PLAN
a component of the Project Management Plan, deals
PPMP
primarily with:
1. planning for the procurement of project
requirements;
2. bidding or procurement strategy;
3. source selection;
4. delivery and payment schedules;
5. contract administration;
6. contract termination; and
7. other major milestones;
in an effort to obtain goods, infrastructure and services
from suppliers, contractors and consultants.
 PROJECT PROCUREMENT
MANAGEMENT PLAN
PPMPT The PPMP shall contain the following information:
a. A. The name of the project/procurement;
b. B. General description of the project/procurement;
C. The extent/size of contract scopes/packages;
d. The procurement methods to be adopted, and
indicating if the procurement tasks are to be
outsourced as provided in Section 53(e) of the
IRR-A;
e. The time schedule for each procurement activity; and
f.The ABC.