The Department of Budget and Management (DBM) defines forward estimates (FEs) as projections or estimation of the future costs of existing policies. It also serves as the validation instrument of determining the reasonable levels of agency proposals on existing programs/activities/projects. [DBM] FEs are estimates of the future costs of on-going policies, programs and projects of the government for the next three years. They represent the amount that will need to be spent to maintain existing approved activities and projects. [DBM] The FEs are used to estimate the residual amount of ‘fiscal space’ that may be available to fund new activities...
The Department of Budget and Management issued National Budget Memorandum (NBM) No. 135 to remind government agencies on their compliance with the required submission, i.e., via OSPBS of the pertinent Budget Preparation Forms and to give updates on the status of submission of FY 2019 actual obligations and FY 2021 details of Tier 1 level. The DBM sets April 15, 2020 as the revised deadline for the submission of FY 2019 actual obligations and May 25, 2020 for the submission of FY 2021 Budget Proposals for Tiers 1 and 2. DBM emphasized that these deadlines will no longer be extended...
This Circular was issued by the Department of Budget and Management (DBM) to prescribe the guidelines on the grant of the COVID-19 Special Risk Allowance pursuant to Administrative Order No. 28 Download Budget Circular No. 2020-2 dated April 7, 2020 Post Views: 413
Question: Hello po, is it proper po ba sa isang agency na ma-delay yung pagbibigay ng Mid-Year Bonus sa dahilan na hindi pa tapos ang processo ng SPMS? Ang sabi po sa DBM Circular sa pagbibigay ng MYB under 5.3.1 merong satisfactory ang individual employee, hinde po nasabi dito ang SPMS although kasama sa performance rating eto per CSC guidelines, pls enlighten us po salamat Best Possible Answer: Under National Budget Circular Number 579 dated January 24, 2020, item 7.0 provides that, “ x x x the Mid-Year Bonus equivalent to one (1) month basic salary as of May 15...
Have you ever thought if the reports you are preparing on a daily, weekly, monthly, quarterly or yearly basis are the ones required by the Commission on Audit (COA) and/or the Department of Budget and Management (DBM)? Or if they are, are you preparing the complete set of reports? Or did your agency properly assign the reports to personnel required by COA and/or DBM to prepare said reports? Conversely, if you are the State Auditor of the agency, is your auditee agency preparing and submitting the required and complete set of reports? It is for this reason that we at...
Government agencies are once again paying the Mid Year Bonus (MYB) of government employees on May 15. Hooray! However, while the existing guidelines on the grant of the same was issued way back 2017, we at GABOTAF find it essential to provide 10 key points to remember before paying the MYB. Well because we all want to ensure once again that we are paying the correct MYB, just like in previous years. Here they are. You’re welcome! 1. Carefully read the latest legal basis on granting Mid-Year Bonus and check if all provisions were fully-complied with first before paying the...
