The Department of Budget and Management (DBM) has issued Circular Letter No. 2016-9 dated 27 October 2016 directing all departments, bureaus, offices, agencies, and Operating Units (OUs) of the national government, including commissions and offices under the Constitutional Fiscal Autonomy Group (CFAG), State Universities and Colleges (SUCs), and other recipients of budgetary support such as government-owned or controlled corporations (GOCCs) and local government units (LGUs) to start submitting their annual budget execution plans for the 2017 budget.
The agencies are required to prepare and submit to the DBM their Budget Execution Documents (BEDs) which contain the agency plans, spending schedules, and physical targets. The DBM will evaluate and consolidate the BEDs to guide the Development Budget Coordination Committee (DBCC) in formulating the national government’s quarterly disbursement program.
The BEDs serve as bases to facilitate the release of funds and enable prompt implementation of programs and projects including the conduct of early procurement activities. In addition, the BEDs shall be used in measuring the agency performance.
Non-regionalized and regionalized departments and agencies must submit their BEDs by 15 and 29 November 2016 respectively.
In line with the transparency and accountability thrust of the government, the status of BEDs may be monitored through the DBM’s website highlighting those with incomplete or no submissions within the prescribed deadlines five days after the November 29 deadline.