BUDGET FOR

EDUCATION

Reported by:
Kenneth O. Malves
Budget
Budget or budgeting is a process and plan for determining how money is
to be raised and spent, as well as a document–the budget–developed
and approved during the budgeting process.

William Hartman, author of School District Budgeting (1999), defines

education budgeting as a "working tool" for the successful operation of
states and local school districts, and as a "significant opportunity to plan
the mission, improve their operations, and achieve their education
objectives" (p. 1). As such, the budgeting process allows various levels of
government to "make better financial and program decisions, improve
operations, and enhance relations with citizens and other stakeholders"
Budget for Education
It is the government plan for a year. It is a table/schedule of expenditures, based on either
obligations or cash concepts and the corresponding sources of financing, either from revenues,
borrowings, or cash drawdown. Ultimately, it is a tool that enables the government to achieve its
development agenda.
 Process of Budgeting in Education
A. PREPARATION
1. Budget Call
2. Citizen Engagement  
3. Meeting of Program Convergence and Budgeting Agencies with the
Government’s priority programs.
4. Agency Proposal
5. Presentation to the President and the Cabinet
6. Consolidation, Validation, and Confirmation
7. The President’s Budget  
Process of Budgeting in Education
B. BUDGET LEGISLATION

1.House Deliberation
2.Senate Deliberation
3.Bicameral Deliberations  
4.Ratification and Enrolment  
5.Enactment  
Process of Budgeting in Education
C. EXECUTION
1. Early Bidding for Infrastructure  
2. The Budget Program
3. Allotment Release  
4. Obligation
5. Cash Allocation  
6. Disbursement
Process of Budgeting in Education
D. BUDGET ACCOUNTABILITY
1. Performance Targets  
2. Accountability Reports  
3. Public Disclosures
4. Performance Review  
5. Mid-Year and Year-End Reports  
6. Audit  
Thank you for listening!