Budgeting in the Philippines:

This profile offers a general overview of the Philippine system of budgeting at national level. Special characteristics of the Philippine budget process are examined, such as a commitment to fiscal discipline and the national planning function. The three steps of the annual budget formulation cycle...

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Bibliographic Details
Main Author: Blöndal, Jón R.. (Author)
Format: Electronic Book Chapter
Language:English
Published: Paris OECD Publishing 2010
Subjects:
Links:https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
https://doi.org/10.1787/budget-10-5km7rqpf57hb
Summary:This profile offers a general overview of the Philippine system of budgeting at national level. Special characteristics of the Philippine budget process are examined, such as a commitment to fiscal discipline and the national planning function. The three steps of the annual budget formulation cycle are described: the development of economic assumptions and revenue forecasts; the use of a medium-term expenditure framework to assess the continuing costs of existing programmes; and identifying the resultant "fiscal space" through the Paper on Budget Strategy. The process for allocating resources is then described, including the "Budget Call", the submission and review of proposals, the role of the central ministry and the line ministries, and finally the role of Congress, constitutional restrictions, and the nature of executive-legislative relations
Physical Description:1 Online-Ressource (22 Seiten) 19 x 27cm
DOI:10.1787/budget-10-5km7rqpf57hb