Table of Contents
1. House Deliberations
2. Senate Deliberations
5. The Veto Message
2. Budget Execution Documents (BEDs) - outline agency plans and performance targets; include the physical and financial plan, monthly cash program, estimate of monthly income, and list of obligations that are not yet due and demandable; submitted at the start of the budget execution
3. Allotment and Cash Release Programming
4. Allotment Release
5. Incurring Obligations
7. Disbursement – the actual spending
BUDGET ACCOUNTABILITY - happens alongside the Budget Execution phase; DBM - monitors the efficiency of fund utilization, assesses agency performance and provides a vital basis for reforms and new policies.
1. Performance and Target Outcomes
2. Budget Accountability Reports (BARs) - submitted by agencies on a monthly and quarterly basis; shows how agencies used their funds and identify their corresponding physical accomplishments; include quarterly physical and financial reports of operations; quarterly income reports, a monthly statement of allotments, obligations and balances; and monthly report of disbursements.
3. Review of Agency Performance
5. Performance-Based Incentive System – recognize and reward good performance among government employees – to improve the efficiency of service delivery across all government institutions