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Philippines Development Forum

Philippines Development Forum

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Philippines Development Forum

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  1. SHARING RESPONSIBILITY IN SUSTAINING ECONOMIC HARVEST Philippines Development Forum Fiscal Sector: Expenditure Accounts Secretary Rolando G. Andaya, Jr Department of Budget and Management March 8, 2007

  2. Presentation Outline • 2007 Fiscal Program • Setting the Foundations/Directions for the 2008 Budget • Expected Results

  3. 2007 Fiscal Program

  4. Policy Framework for 2007 • Goal: Working towards sustainable budget by putting funds in the right place at the right time, managing resource allocation effectively, and ensuring our desired results through increased capability and accountability

  5. 2007 Fiscal Program Fiscal Program, 2005-2007 • Deficit of P63 B or 0.97% of GDP • Revenue estimate that is conservative, consistent to the developments in the economy • Shift from input-based to output-based expenditures approach • Election will not result in breached spending limits * Includes P10B provision for Salary Adjustment

  6. Sectoral Allocation of the 2007 Budget Focus on infrastructure and education … * Net of the P10.3 billion provision for Salary Adjustment

  7. Increase in all expense classes Budget Level by Expense Class, 2005 and 2007 • Increases in departments are made possible due to lower share of interest payments in the total budget (32% or P340B in 2006 and 28% or P318B in 2007)—first in 8 years • Nominally, first in 12 years

  8. Higher infrastructure spending trend…

  9. SONA Commitments: Infrastructure Spending for Super Regions (in billion pesos) * Releases

  10. Educational Programs (1) (in million pesos)

  11. Educational Programs (2) (in million pesos)

  12. Health and Other Social Services Programs (in million pesos)

  13. NG FAPs Budget by Department/SPFFY 2005 and2007(in billion pesos)

  14. NG FAPs Budget by DonorFY 2005 and 2007(in billion pesos)

  15. Top Five (5) Departments, 2005 and 2007

  16. Setting the Foundations/Directions for the 2008 Budget

  17. Making the Medium-Term Expenditure Framework (MTEF) Irreversible • Introduced in 2007 Budget and being strengthened for 2008 budget preparation • Adoption of improved guidelines and templates for Forward Estimates (FEs) • Briefing of spending agencies on MTEF and FEs • Adding more depth to the Paper on Budget Strategy for presentation to Cabinet • Enhancing harmonization of planning and budgeting • Enhancing the FY 2008 Budget Call

  18. Cascading and Embedding the Organizational Performance Indicator Framework (OPIF) in the 2008 Budget • Cascading the OPIF to bureaus and attached agencies of the 20 pilot departments, and introduction to OEOs • Development of departments-wide log frames and Performance Indicators (PIs) • Costing og Major Final Outputs (MFOs) to mainstream OPIF in budget • Intensive capability building on OPIF methodologies • Streamlining of fund releasing to support agency operational targets • Strengthening internal control systems

  19. Expected Results

  20. Expected Results • Accelerated reduction of 2007 deficit from the planned 2 % of GDP to 0.9 % • More productive government expenditures, particularly in infra and social services • Balanced budget by 2008

  21. Thank you