Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 1777)
"Budget" refers to the budget required to be prepared pursuant to Section Sixteen (1), article VIII of the Constitution, which contains the financial program of the National Government for a designated calendar year, consisting of statements of estimated receipts from revenues and expenditures for the calendar year for which it is intended to be effective.
"Government" means the National Government, including the Executive, the Legislative and the Judicial Branches, the Constitutional Commissions, regional commissions, and state universities and colleges. It includes among its instrumentalities, local government units and government-owned or controlled corporations.
They are corporations created by law as agencies of the state for narrow and limited purposes, either owned wholly by the state or wherein the Government is a majority stockholder, or otherwise, agencies so created where no stocks are issued but whose affairs are conducted by a duly constituted board and which perform proprietary functions, excluding state universities and colleges.
"Appropriation" is an authorization under Acts of Congress, Presidential Decrees, or other legislative enactments allowing obligations to be incurred and payments to be made with government funds under specified conditions and/or for specified purposes.
The budget calendar, format, and procedure shall be governed by rules and regulations issued by the President to implement the declared policy on national resource budget.
The President shall submit the national government budget within thirty days from the opening of each regular session of the National Assembly.
It embodies proposed appropriations for the current operations of the national government and for capital outlays, including additional appropriations proposals corresponding to part of the expenditure estimates submitted.
Yes, continuing appropriations may be enacted for public works, highways, and other infrastructure projects requiring more than one year for construction, with revenue estimates for future years used in evaluating funding availability.
Supplemental appropriations shall be considered only if supported by actually available funds as certified by the National Treasurer or by new revenue measures.
All references to "Commissioner of the Budget," "Budget Commission," "Secretary," and "Department" are changed to "Minister of the Budget," "Ministry of the Budget," "Minister," and "Ministry," respectively.