PPSSH Domain 2: Managing School Operations and Resources: Financial Management_ Budgeting Process

In this informative video, we delve into the intricacies of the Philippine government’s budgeting process. Join us as we explore the four distinct phases that shape the country’s financial management:
Budget Preparation:
Discover how economic targets, expenditure levels, and revenue projections are determined.
Learn about the Budget Call issued by the Department of Budget and Management (DBM), which sets guidelines, priorities, and procedures for budget preparation.
Understand how government agencies prepare detailed budget estimates using capital budgeting approaches.
Budget Legislation
Explore how the proposed expenditure programs of departments and agencies are confirmed
Budget Execution:
Uncover how government agencies implement the budget during the fiscal year.
Learn about the execution of programs, projects, and activities to achieve economic impact.
Budget Accountability:
Understand the critical role of accountability in the budget process.
Explore how agencies review and assess the past year’s budget performance.
Whether you’re a student, a public servant, or simply curious about governance, this video provides a comprehensive overview of how the Philippine government manages its financial resources to promote development and serve its citizens.