2.

Government Service Insurance System (GSIS)

National Food Authority (NFA)
National Housing Authority (NHA)
National Irrigation Administration (NIA)
Philippine Amusement and Gaming Corporation (PAGCOR)
Philippine Charity Sweepstakes Office (PCSO)
Philippine Fisheries Development Authority (PFDA)
Philippine Mining Development Corporation (PMDC)
Philippine National Construction Corporation (PNCC)
Philippine National Railway (PNR)

4. A budget process refers to the process by which governments create and approve a budget, which is
as follows:

The Financial Service Department prepares worksheets to assist the department head in
preparation of department budget estimates

The Administrator calls a meeting of managers and they present and discuss plans for the
following years projected level of activity.

The managers can work with the Financial Services, or work alone to prepare an estimate for the
departments coming year.

The completed budgets are presented by the managers to their Executive Officers for review
and approval.

Justification of the budget request may be required in writing. In most cases, the manager talks
with their administrative officers about budget requirements. Adjustments to the budget
submission may be required as a result of this phase in the process.

Budgeting is the setting of expenditure levels for each of an organizations functions. It is the estimation
and allocation of available capital used to achieve the designated targets of a firm.

Budgeting for the national government involves four (4) distinct processes or phases : budget
preparation, budget authorization, budget execution and accountability. While distinctly separate, these
processes overlap in the implementation during a budget year. Budget preparation for the next budget
year proceeds while government agencies are executing the budget for the current year and at the same
time engaged in budget accountability and review of the past year's budget.

The preparation of the annual budget involves a series of steps that begins

with the determination of the overall economic targets, expenditure levels,

revenue projection and the financing plan by the Development Budget

Coordinating Committee (DBCC). The DBCC is an inter-agency body composed

of the DBM Secretary as Chairman and the Bangko Sentral Governor, the

Secretary of the Department of Finance, the Director General of the National

Economic and Development Authority and a representative of the Office of the

President as members. The major activities involved in the preparation of the

annual national budget include the following:

a. Determination of overall economic targets, expenditure levels and budget

framework by the DBCC;

b. Issuance by the DBM of the Budget Call which defines the budget

framework; sets economic and fiscal targets; prescribe the priority thrusts

and budget levels; and spells out the guidelines and procedures, technical

instructions and the timetable for budget preparation;

c. Preparation by various government agencies of their detailed budget

estimates ranking programs, projects and activities using the capital

budgeting approach and submission of the same to DBM;

d. Conduct a budget hearings were agencies are called to justify their

proposed budgets before DBM technical panels;

e. Submission of the proposed expenditure program of

department/agencies/special for confirmation by department/agency

heads.

f. Presentation of the proposed budget levels of department/agencies/special

purpose funds to the DBCC for approval.

g. Review and approval of the proposed budget by the President and the

Cabinet;

h. Submission by the President of proposed budget to Congress.

To meet the Constitutional requirement for the submission of the President's

budget with 30 days from the opening of each regular session of Congress, the

budget preparation phase is guided by a budget calendar.

(https://www.slideshare.net/ZERODELTA/budget-process-of-the-philippine-national-government)

5.

Budget Call issued to outline the presentation form, recommend certain goals.

6.

http://www.dbm.gov.ph/?page_id=21388

7.