budgeting

[Audio] Budgeting Here is a short video clip on the process of budgeting in the Philippine Government.

[Audio] BASIC CONCEPTS IN BUDGETING What is a fund? The word "fund" in government has taken several meanings or connotations. It is sometimes used to refer an appropriation which is a legislative authorization to spend or an allotment which is an authorization by the Department of Budget and Management (DBM) to obligate, or as actual cash available..

[Audio] What basis law governs the use of government funds? The following provision of the Philippines Constitution sets the basic rule for the use of government funds: "Art. VI, Sec. 29. No money shall be paid by the Treasury except in pursuance of an appropriation made by law." The aforequoted provision of the Constitution also establishes the need for all government entities to undergo the budgeting process to secure funds for use in carrying out their mandated functions, programs and activities. What basis law governs the use of government funds? The following provision of the Philippines Constitution sets the basic rule for the use of government funds: "Art. VI, Sec. 29. No money shall be paid by the Treasury except in pursuance of an appropriation made by law." The aforequoted provision of the Constitution also establishes the need for all government entities to undergo the budgeting process to secure funds for use in carrying out their mandated functions, programs and activities..

[Audio] How are government funds appropriated? Funds for the use of government entities are appropriated or authorized following a process with the following major steps : Individual agencies prepare their estimates of expenditures or proposed budgets for the succeeding year and submit these estimates or proposals contained in required budget forms to the DBM following baseline figures, guidelines and timetable earlier set; agencies justify details of their proposed budgets before DBM technical review panels; DBM reviews and consolidates proposed budgets of all agencies for inclusion in the President's proposed budget for submission to Congress; Agencies explain the details of their proposed budgets in separate hearings called by the House of Representatives and the Senate for inclusion in the General Appropriation Bill; and The President signs the General Appropriation Bill into law or what is known as the General Appropriations Act (GAA)..

[Audio] What is a government budget? In general, a government budget is the financial plan of a government for a given period, usually for a fiscal year, which shows what its resources are, and how they will be generated and used over the fiscal period. The budget is the government's key instrument for promoting its socio-economic objectives. The government budget also refers to the income, expenditures and sources of borrowings of the National Government (NG) that are used to achieve national objectives, strategies and programs. Section 22, Article VII of the Constitution states that: "The President shall submit to the Congress within 30 days from the opening of every regular session, as the basis of the general appropriation bill (GAB), a budget of expenditures and sources of financing including receipts from existing and proposed revenue measures.".

[Audio] What is referred to by the term "national government budget"? The National Government budget (also known simply as the budget) refers to the totality of the budgets of various departments of the national government including the NG support to Local Government Units (LGUs) and Government- Owned and Controlled Corporations (GOCCs). It is what the national government plans to spend for its programs and projects, and the sources of what it projects to have as funds, either from revenues or from borrowings with which to finance such expenditures..

[Audio] On what is the national government budget spent? The national budget is allocated for the implementation of various government programs and projects, the operation of government offices, payment of salaries of government employees, and payment of public debts. These expenditures are classified by expense class, sector and implementing unit of government..

[Audio] Why does the government prepare a new budget every yThe preparation of the government's budget every year is in accordance with the provision of the Constitution which requires the President to submit a budget of expenditure and sources of financing within 30 days from the opening of every regular session of Congress. The yearly preparation of the budget is also in consonance with the principle which requires all government spendings to be justified anew each year. This principle ensures that government entities continuously evaluate and review the allocation of resources to project/activities for cost efficiency and effectiveness. ear?.

[Audio] What are the sources of appropriations that make up the annual budget? The sources of appropriations of the annual budget are: 1) new general appropriations legislated by Congress for every budget year under the General Appropriations Act (GAA); and 2) existing appropriations previously authorized by Congress. Under the Constitution, Article VI, Section 29, no money can be withdrawn from the Treasury except in pursuance of an appropriation made by law..

[Audio] What is a balanced budget? What happens when the budget is not balanced? In the context of government budgeting, a budget is said to be balanced when revenues match expenditures or disbursements. When expenditures exceed revenues, the government incurs a deficit which may result in the following situations: The government borrows money either from foreign sources or from the domestic capital market which increases the debt stock of the NG and its debt servicing requirements; The government borrows money from the Bangko Sentral ng Pilipinas; or, The government withdraws funds from its cash balances in the Treasury.

[Audio] What is the role of COA in the budget accountability? Principal Duties | Commission on Audit. Examine, audit and settle all accounts pertaining to the revenue and receipts of, and expenditures or uses of funds and property owned or held in trust by, or pertaining to, the government..

[Audio] What is RA 9184 all about? "An Act Providing for the Modernization, Standardization and Regulation of the Procurement Activities of the Government and for other Purposes," otherwise known as the Government Procurement Reform Act..

[Audio] What is the provision of RA 9184 No government Procurement shall be undertaken unless it is in accordance with the approved Annual Procurement Plan of the Procuring Entity. The Annual Procurement Plan shall be approved by the Head of the Procuring Entity and must be consistent with its duly approved yearly budget..

[Audio] What is the importance of RA 9184 in the government? With the passage in January 2003 of the Government Procurement Reform Act (GPRA) or Republic Act No. 9184 (RA 9184), the Philippine procurement system was rationalized and harmonized with international standards and best practices. RA 9184 espoused the principles of transparency, competitiveness and accountability..

[Audio] What are the 5 principles of procurement? The five principles are: Plan and manage for great results. Identify what you need, including what broader outcomes should be achieved, and then plan how to get it. ... Be fair to all suppliers. ... Get the right supplier. ... Get the best deal for everyone. ... Play by the rules..

[Audio] School Budgeting I have here short video clip on sources of funds in the Philippine Education.

[Audio] What is the school operating budget? A school operating budget is a budget plan that mainly focuses on the operating budget for a school. A university, an elementary school, and a community college education will be operational with an operating budget. Its purpose is simple, as it is made to cover the expenses, costs and funding the school needs..

[Audio] How do you implement a school budget? Steps for School Budget Preparation Process Understand the Previous Year's School Budget. ... Make Assumptions. ... Establish Priorities with the Administrative Team. ... Staffing the Priorities. ... Budgeting for Staff Expenses. ... Stick to Priorities Your Team Sets. ... Determining Who Gets the Bill. ... Share and Finalize..

[Audio] What is the purpose of Maintenance and Other Operating Expenditures? To procure school supplies and other consumables for teachers and students deemed necessary in the conduct of classes. To fund minor repairs of facilities, building and grounds maintenance and the upkeep of the school..

[Audio] What are included in MOOE? Maintenance and Other Operating Expenses (MOOE) refers to the expenditures to support the operations of the research project or program, such as, but not limited to supplies and materials, transportation, travel, utilities, repair, etc..

[Audio] Computation of Public Schools MOOE. Computation of Public Schools MOOE.

[Audio] Thank You. Thank You.