December 26, 2010 press release by the Department of Budget and Management
Budget execution coord’n meetings to flesh-out H1 frontloaded spending
In anticipation of the enactment of the P1.645-trillion Reform Budget of 2011 on Monday, the Aquino government has now started preparing for the execution of next year’s expenditure plan, Budget and Management Secretary Florencio B. Abad said today.
He said the Department of Budget and Management has been holding budget execution coordination meetings with six Departments with key infrastructure projects or social protection programs—Public Works, Transportation and Communication, Agriculture, Education, Health and Social Welfare and Development—to draw up a budget execution strategy. This will ensure that spending on these programs or projects are appropriately timed during the first half of the year.
“Maagang maipapasa ang 2011 Reform Budget, kaya naman dapat maaga rin namin itong mauumpisahan (the 2011 Reform Budget will be passed early, and it is just appropriate for us to implement this in a timely manner),” he said.
“The budget execution strategy, once approved by the President, will set the premises, objectives, and key policies in the implementation of the 2011 GAA (General Appropriations Act). It will allow us to frontload and accelerate spending on critical programs and projects that foster economic growth and improve the lives of the poor,” he said.
Abad said the budget execution coordination meetings seek to flesh-out the work, as well as the monthly schedule of cash requirements, of the six Departments. These schedules intend to show not only the budgetary disbursements but also the outputs to be realized. He notes that these Departments have a combined new programmed appropriation of roughly 46% of total new programmed appropriations for 2011.
He said that on the DBM’s part, it will explore ways to accelerate allotments and issuance of cash to support the six Departments’ implementation of their critical programs and projects. For instance, he said the DepEd should be able to determine the schedule of classrooms to be built before the school year starts, and the DBM should be able to match the funding requirements needed for this to be realized.
“This mechanism also allows us to take a step towards output- and outcome-based budgeting. In other words, we do not want to just spend for the sake of spending,” he said.
“The Aquino government wants to hit the ground running in implementing its first financial blueprint at the very start of 2011. And it’s not just to take advantage of the good weather; for this government is committed to urgently address the development needs of Filipinos,” he said.
Share on social media
Stay up to date with your government.Subscribe Now
More from the Briefing Room
- Paggugol na Matuwid 2015: Nag-uugat sa badyet ang lahat ng reporma
- DOLE: OFWs in Libya can leave even without exit visas
- Statement: DFA on the PH proposal “Triple Action Plan”
- PH joins Yokohama Sparkling Twilight 2014
- PH featured in 2 popular Korean TV networks
- Hyundai Engineering & Construction considers PH a “competitive location for investors”
- DOH: Philippines is still Ebola-free
- Statement: The Presidential Spokesperson on the 5th death anniversary of President Corazon C. Aquino
- Overeseas Voter Registration Center is open at the Commission on Filipinos Overseas
- DFA Tacloban resumes operations, extends passport releasing to September 30, 2014
- DOH-MIMAROPA prioritizes health programs for PWD in the region
- Statement: Secretary Roxas on the capture of Said Giad alias “Maestro”