Eastern Visayas has begun developing its budget proposal for 2023, using the Regional Development Council's…
The 2024 budget preparation forum is scheduled for Friday.
In order to prepare for the development of the 2024 budget proposal, the Department of Budget and Management (DBM) will bring together representatives from national government agencies (NGA) and government-owned or controlled businesses (GOCCs) in a series of budget forums.
DBM Secretary Amenah Pangandman announced the budget forums would take place at the Philippine Convention Center (PICC) in Pasay City on Friday in a press release on Wednesday.
Following the publication of Memorandum No. 145, also known as the National Budget Call, which marks the beginning of the planning stage for the creation of the National Expenditure Program for Fiscal Year (FY) 2024, the conduct of budget fora is a key component of the beginning of budget preparation throughout the bureaucracy.
All leaders of the national government’s departments, agencies, bureaus, offices, commissions, state universities, and colleges received the National Budget Call.
The leaders of the budget, accounting, and planning departments of NGAs and GOCCs are anticipated to attend the discussion.
“The DBM will continue to support our government organizations and GOCCs as they get ready to submit their individual budget proposals. The national budget for 2024 will represent the priorities and policy stances of the Marcos Jr. administration, as indicated in our National Budget Call “said Pangandman.
According to the Budget Call, the administration’s Medium-Term Fiscal Framework (MTFF), the 8-point Socioeconomic Agenda, and the Philippine Development Plan for 2023–2028 should all incorporate 2024 budget proposals.
The budget for FY 2024 should also place a strong emphasis on building infrastructure, especially the Build Better More initiative and digital and social infrastructure.
The DBM will begin budget negotiations with federal agencies and government enterprises this month.
Beginning in February, it will also hold budget consultations with the Philippine Association of State Universities and Colleges, civil society organizations, regional development councils, and student/faculty associations.
Prior to this, Pangandman reaffirmed his commitment to following President Ferdinand R. Marcos Jr.’s order to make sure that no Filipino is left behind.
By offering fundamental public services, she said that the weakest and most vulnerable sectors will receive full assistance.
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