Law Summary
Budget Calendar, Format, and Procedure for LGUs and GOCCs
- Operating budgets for local government units and government-owned or controlled corporations shall follow rules and regulations issued by the President.
- Such rules are to implement the national resource budget policy, ensuring uniformity and adherence to declared budget philosophies.
Submission of the National Government Budget
- The President is required to submit a national government budget within 30 days from the opening of each regular session of the National Assembly.
- The budget must be based on estimated receipts from existing and proposed revenue measures and estimated expenditures.
- These budget estimates form the basis for deliberations on the General Appropriations Bill and other related measures.
General Appropriations Bill and Additional Appropriations
- The President must submit the General Appropriations Bill along with the budget, embodying proposed appropriations for current operations and capital outlays.
- The bill may include additional appropriations corresponding to other expenditure estimates within the budget proposal.
- Continuing appropriations can be enacted for multi-year public works, highways, and infrastructure projects, with future year revenue estimates factored in.
Legislative Procedures on Budget-Related Bills
- The section on the General Appropriations Bill is expanded to include subsections:
- Revenue Measures: The Committee on Finance must report on revenue bills linked to the budget within ten consecutive session days.
- The timetable for revenue bill deliberations should align as closely as possible with that for appropriations.
- Infrastructure and Other Bills: Appropriation-required public works, highways and other bills may be filed any time during the National Assembly sessions and must be considered once reported by the relevant committees.
Supplemental Appropriations and Treasury Certification
- Supplemental appropriations following the approval of the General Appropriations Bill are considered only if backed by actual available funds certified by the National Treasurer or by new revenue.
- Lump sum provisions may be authorized in the budget or Appropriations Act to support bills pending legislative action.
- Treasury certification is deemed complied with for bills funded from lump sums and those whose expenditures were included in the President's budget submission.
Terminology Update
- Terminology in the previous decree is updated as follows:
- "Commissioner of the Budget" to "Minister of the Budget"
- "Budget Commission" to "Ministry of the Budget"
- "Secretary" to "Minister"
- "Department" to "Ministry"
Effectivity
- This Decree took immediate effect upon issuance on January 14, 1981, in Manila.