Public Financial Management Competency Program

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We're currently hiring for the following positions:
- Training Specialist I
- Administrative Assistant III

Check out the job details in the attached photos.

To apply, send your resume and cover letter to [email protected] on or before May 15, 2024. Only complete applications from qualified candidates will be considered.

The Philippine Normal University (PNU), in partnership with the Department of Budget and Management (DBM), is now accepting participants to join Batch 2 and 3 of the Foundation Track under the Public Financial Management Competency Program (PFMCP).

For inquiries, kindly message our page or go to this link to register: https://bit.ly/45fnk1C. Registration will be closed once the maximum number of participants is reached. Thank you.

The long wait is over! The Philippine Normal University (PNU), in partnership with the Department of Budget and Management (DBM), is now accepting participants to join Batch 1 of the Foundation Track under the Public Financial Management Competency Program (PFMCP).

For inquiries, kindly message our page or go to this link to register: https://bit.ly/3JahOUI. Registration will be closed once the maximum number of participants is reached. Thank you.

Do you have what it takes to be a PFM practitioner in the GoP?

Know more about the tips about presenting data for decision-making in our Foundation Track!

For inquiries, please email [email protected] 💻📜

: 𝐓𝐇𝐄 𝐏𝐇𝐈𝐋𝐈𝐏𝐏𝐈𝐍𝐄 𝐁𝐔𝐃𝐆𝐄𝐓 𝐂𝐘𝐂𝐋𝐄

The Philippine Budget Cycle undergoes four phases: Budget Preparation, Legislation, Ex*****on and Accountability

The four phases of the budget cycle overlap in continuing cycles. For example, while the Executive implements the budget for the current year, it also prepares the Budget for the next fiscal year and consequently defends it before Congress. At the same time, the government monitors, evaluates, and reports on its actual performance all year-round.

Phase 1 is the 𝗕𝘂𝗱𝗴𝗲𝘁 𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻 stage where budget priorities are set and the proposed budget of different government agencies are evaluated and submitted to the President and the Cabinet.

Phase 2 is the 𝗕𝘂𝗱𝗴𝗲𝘁 𝗟𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝗼𝗻. The President submits the proposed budget to the Congress for deliberation and ratification into the General Appropriations Act.

Once the GAA is enacted, phase 3 begins; the 𝗕𝘂𝗱𝗴𝗲𝘁 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻 stage. The DBM issues allotments to government agencies based on the approved budget programs under GAA.

The last phase of the budget cycle is 𝗕𝘂𝗱𝗴𝗲𝘁 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆. Phase 4 is the setting of targets that agencies are to be held accountable for, this is done through continuous monitoring and evaluation using different auditing processes all throughout the fiscal year.

Know more about the basics of the Philippine Budgeting Process. Watch the full AVP of Budget 101 on the DBM Website
https://www.dbm.gov.ph/index.php/avps/cash-budgeting-system-2

Sources:
Summary of the Budget Cyclehttps://www.dbm.gov.ph/wp-content/uploads/Executive%20Summary/2016/Budget%20Cycle.pdf
2021 People's Proposed Budgethttps://www.dbm.gov.ph/images/pdffiles/2021-Peoples-Proposed-Budget.pdf

: 𝐖𝐇𝐀𝐓 𝐈𝐒 𝐁𝐔𝐃𝐆𝐄𝐓 & 𝐖𝐇𝐘 𝐈𝐒 𝐈𝐓 𝐈𝐌𝐏𝐎𝐑𝐓𝐀𝐍𝐓?

Government budget is defined as the financial plan for a fiscal year, which shows what its resources are, and how they will be generated and used over the fiscal period.

Think of our country as one household. The government manages the estimated income, expenditures and sources of borrowings which will be used to achieve national objectives through strategized and implemented programs and projects.

Government budgeting is important as it enables the government to plan and manage its financial resources to support the implementation of various programs and projects that best promote the development of the country. Through budgeting the government can spend within its means and on the right priorities.

Know more about the basics of the Philippine Budgeting Process
Watch the full AVP of Budget 101 on the DBM Website
https://www.dbm.gov.ph/index.php/avps/cash-budgeting-system-2

Sources:
People's Proposed Budget, Page no. 43https://www.dbm.gov.ph/images/pdffiles/2021-Peoples-Proposed-Budget.pdf
Budget of Expenditures and Sources of Financing (2022), Glossary Page 4:https://www.dbm.gov.ph/wp-content/uploads/BESF/BESF2022/GLOSSARY.pdf
The Budgeting Process, Page 2:https://www.dbm.gov.ph/wp-content/uploads/2012/03/PGB-B1.pdf

Want to learn more about Internal Control? 😉 Come join us and enroll now in the Public Financial Management Competency Program!

For inquiries, please email [email protected] 💻📜

Let’s gear up for collaboration!