National Budget - PowerPoint Presentation

CHAPTER 1: THE PUBLIC BUDGET NATIONAL BUDGET 1 ABITONG ACTIVITY 1: A GROUP ACTIVITY CHOOSE 5 EXECUTIVE DEPARTMENTS OF THE GOVERNMENT TO GIVE THE HIGHEST ALLOCATION IN THE 2 NATIONAL BUDGET. 20 EXECUTIVE DEPARTMENTS O...

CHAPTER 1: THE PUBLIC BUDGET NATIONAL BUDGET 1 ABITONG ACTIVITY 1: A GROUP ACTIVITY CHOOSE 5 EXECUTIVE DEPARTMENTS OF THE GOVERNMENT TO GIVE THE HIGHEST ALLOCATION IN THE 2 NATIONAL BUDGET. 20 EXECUTIVE DEPARTMENTS OF THE GOVERNMENT Public Works And Highways Energy Health Finance Transportation Foreign Affairs Agriculture Labor And Employment Justice Land Reform Education National Economic Development Interior And Local Government 3 Authority Tourism Science And Technology National Defense Trade And Industry Social Welfare And Environment and Natural Development Resources Budget And Management  PUBLIC FINANCE AND THE POLITICAL INSTITUTIONS PUBLIC FINANCE A basic definition of public finance, according to David Hyman, “is the field of economics that studies government activities and the alternative means of financing government expenditures” (Hyman, 1990). 4 HOW DO YOU SPEND YOUR ALLOWANCE? 5 HOW DO YOU SPEND YOUR ALLOWANCE? A budget is generally considered to be an action plan for spending in the future according to the income expected. NATIONAL BUDGET  A national budget is arguably one of the most important public documents, as it is a translation of a country’s national development goals into annual spending plans. (Build, Build, Build Program)  Known simply as the budget, refers to the totality of the budgets of various departments of the national government. 7 PURPOSE OF NATIONAL BUDGET  a budget is prepared to prescribe the funding of government programs and projects, following national priorities, objectives, and strategies. 8 BUDGETARY RESOURCES  Budgetary resources pertain to the sources of funds that will finance budgetary expenditures. REVENUE BORROWINGS 9 Tax and Non-tax Borrowings are obtained from repayable sources, including loans secured by the government. BORROWINGS  Borrowings are obtained from repayable sources, including loans secured by the government from financial institutions and other sources internal and external, to finance development projects and/or budget support. There are two subcategories of borrowings: a) domestic borrowings 10 b) foreign borrowings SOURCES OF DOMESTIC BORROWING The government obtains domestic borrowings from the auction of Treasury bills, notes, and bonds. Treasury Bills Treasury Bonds and Treasury Notes Treasury bills are Treasury bonds and notes are longer-term short-term debt certificates of indebtedness: their maturity instruments. 11 extends beyond one year. SOURCES OF DOMESTIC BORROWING 12 https://www2.bpi.com.ph/invest/fixedincome/government-securities/rop-bonds SOURCES OF FOREIGN BORROWING  The government obtains domestic borrowings from the auction of Treasury bills, notes, and bonds. Multilateral Sources Bilateral Sources Where the owners of the which refers to the government institution are many. of another country. 13 MULTILATERAL SOURCES In tern ati onal Asi an D ev el op men t World Bank M on etary Fund 14 Ban k $2.8 Billion (2021) Top Borrower (2021) $878.3 million (total loan) $1.4 Billion (recent loan) BILATERAL SOURCES  Debt – trap Diplomacy 15 FOREIGN BORROWINGS Foreign borrowings may be in the form of (1) project loans (2) program loans.  Project loans are incurred to finance a specific project like an irrigation project or a health project. multipurpose foreign borrowings.  Program loans are multipurpose foreign loans to enhance a specific sector, 16 usually conditioned on basic reforms in certain policy areas. NATIONAL BUDGET 17 TOP PRIORITY SECTORS 18 TOP PRIORITY SECTORS 2024 1.EDUCATION (DEPED, SUCS, CHED, TESDA) 6. TRANSPORTATION (DOTR) Php 924.7 B Php 214.3 B 2023 GAA: Php 895.2 B 2023 : Php 106.0 B 2.Public Works (DPWH) 7. Social Welfare (DSWD) Php 822.2 B Php 209.9 B 2023 GAA: Php 894.2 B 2023 : Php 199.5 B 3. Health (DOH, PhilHealth) 8. Agriculture (DA and attached corporations, Php 306.1 B DAR) 2023 GAA: Php 314.7 B Php 181.4 B 19 2023 : Php 173.6 B 4. Interior and Local Government (DILG) Php 259.5 B 9. Judiciary 2023 GAA: Php 253.2 B Php 57.8 B 2023 : Php 54.9 B 5. Defense (DND) Php 232.2 B The education sector still got the lion’s share of the government allocation as President Ferdinand R. Marcos Jr. on Monday signed into law the PhP6.326 trillion national budget for 2025. Based on government data, the education sector received an allocation of PhP1.05 trillion. It is followed by the Department of Public Works and Highways (DPWH) at PhP1.007 trillion; Department of National Defense (DND), PhP315.1 billion; Department of the Interior and Local Government (DILG), PhP279.1 billion; Department of Health (DOH), PhP267.8 billion; and the Department of Agriculture at PhP237.4 billion. https://pco.gov.ph/news_releases/education-remains-top-priority-in-p6-32t-natl-bu dget/  DEPARTMENT OF EDUCATION (DEPED) The Department of Education is the executive department of the Philippine government responsible for ensuring access to, promoting equity in, and improving the quality of basic education. It is the main agency tasked to manage and govern the Philippines. COMMISSION ON HIGHER EDUCATION The Commission on Higher 21 Education is a government agency under the Office of the President of the Philippines. It is responsible for regulating and governing all higher education institutions and post-secondary educational programs in the country.  Government Agency attached to the Office of the President  DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS The Department of Public Works and Highways (DPWH) implements the policy of the State to continuously develop technology for ensuring the safety of all infrastructure facilities and securing for all public works and highways the highest efficiency and the most appropriate quality of construction. DEPARTMENT OF HEALTH The Department of Health 22 is the executive department of the government of the Philippines responsible for ensuring access to basic public health services by all Filipinos through the provision of quality health care, the regulation of all health services and products.  DEPARTMENT OF INTERIOR AND LOCAL GOVERNMENT The Department of the Interior and Local Government, abbreviated as DILG, is the executive department of the Philippine government responsible for promoting peace and order, ensuring public safety and strengthening local government capability aimed towards the effective delivery of basic services to thecitizenry. National Police Commission  Bureau of Fire Protection  DILG assists LGU to effectively and efficiently deliver services to their constituents DEPARTMENT OF NATIONAL DEFENSE 23 The Department of National Defense is the executive department of the Philippine government responsible for guarding against external and internal threats to peace and security in the country.  Armed Forces of the Philippines  DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT The Philippines' Department of Social Welfare and Development is the executive department of the Philippine Government responsible for the protection of the social welfare of rights of Filipinos and to promote the social development. DEPARTMENT OF TRANSPORTATION The Department of Transportation 24 is the executive department of the Philippine government responsible for the maintenance and expansion of viable, efficient, and dependable transportation systems as effective instruments for national recovery and economic.  Land Transportation Franchising And Regulatory Board  Land Transportation Office  DEPARTMENT OF AGRICULTURE The Department of Agriculture is the executive department of the Philippine government responsible for the promotion of agricultural and fisheries development and growth.  National Food Authority  Bureau of Fisheries and Aquatic Resources DEPARTMENT OF JUSTICE 25 The mission of the Department of Justice is to uphold the rule of law, to keep our country safe, and to protect civil rights.  Public Attorney’s Office  Office of the Solicitor General