Ultimate Guide in The Budget Process in the Government

THE GENERAL APPROPRIATIONS ACT

The budget process is a cycle that is repeated every year, a cycle that is participated in by the executive and the legislative branches of government.

The role of the DBM in the budgeting process is not limited to national government agencies. It coordinates all three levels of government-national government department/agencies, government-owned and controlled corporations (GOCCs), and local government units (LGUs) – in the preparation, execution, and control of expenditures of their corresponding components entities.
The DBM reviews the corporate operating budgets of GOCCs and ensures the proper allocation of cash. The DBM likewise formulates and recommends the budget policy covering the allowable deficit and the criteria for the determination of the appropriate subsidy and equity of GOCCs.
For LGUs, the DBM reviews the annual and supplemental budgets of provinces, and highly urbanized cities and manages the proper allocation and release of the Internal Revenue Allotment (IRA) of LGUs and their share in the utilization of national wealth.

Preparation of budget documents and submission to Congress. 
The budget documents prepared by the DBM consist of at least the following:
The President's Budget Message
Budget of Expenditures and Sources of Financing
National Expenditures Program
Details of Selected Programs/Projects
Staffing Summary

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[nativeman]

Thanks for sharing sir..
God bless po..