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DBM issues National Budget Call for FY 2024

MANILA -- Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the issuance of National Budget Memorandum No. 145, otherwise known as the National Budget Call, which signals the preparatory stage for the drafting of the National Expenditure Program for Fiscal Year (FY) 2024.

The National Budget Call was issued to all heads of departments, agencies, bureaus, offices, commissions, state universities and colleges, and other instrumentalities of the national government. This is to request them to start preparing their budget proposals for 2024. It defines the budget framework, sets the economic and fiscal targets, enumerates the priority thrusts and programs, and harmonizes the guidelines, forms and instruction for budget preparation.  

Secretary Pangandaman said the 2024 budget proposal shall incorporate the policies and directions of the Marcos Jr. administration.

“The 2024 National Expenditure Program shall adhere to the policies and directions embodied in the government’s 8-Point Socioeconomic Agenda and the Philippine Development Plan (PDP) 2023-2028. We will make sure that the proposal shall support the achievement of the targets set by the FY 2022-2028 Medium-Term Fiscal Framework (MTFF),” the Budget Secretary said.

The National Budget Call seeks to put emphasis on infrastructure development, including the Build Better More program as well as digital and social infrastructure. It shall likewise provide full support to climate change and disaster risk vulnerable areas, the social sector, and basic public services.

It shall likewise incorporate provision of funds for capacity-building programs for local government units (LGUs) to enable them to assume the devolved functions and services. The 2024 budget shall also provide funds for agencies' regional programs which are responsive to the needs of the disadvantaged and lagging LGUs.

“The President’s directive is clear— we need to assure that no Filipino will be left behind.  Everyone will be part of the development as we will give full support to the poorest and most vulnerable sectors by providing basic public services,” Pangandaman added.

Government Economic Interventions

Secretary Pangandaman further said the government will continue to implement interventions as a response to external pressures such as the continuing Russian-Ukraine war and the economic scarring brought by the COVID-19 pandemic. The interventions will be in the areas of food security, transport and logistics, energy, bureaucratic efficiency and fiscal management, health, education and social protection.  

“These interventions will ensure the unimpeded and adequate delivery of social services, mitigate inflation pressures, accelerate economic recovery, and address economic scarring,” states National Budget Memorandum No. 145.

Promoting Fiscal Discipline, Efficiency and Administrative Reforms

With limited fiscal space, the DBM underscores that only implementation-ready agency proposals are included in the FY 2024 Budget.

“We need to manage our budget efficiently. We should promote fiscal discipline. We expect the agencies’ budget proposals to contain concrete program plans and designs that signify their readiness for implementation,” DBM Secretary Pangandaman said.

“The DBM shall also look into the agencies’ previous year budget utilization and performance as part of its evaluation process,” Sec. Pangandaman added.

In this connection, the government will continue the adoption of administrative reforms for greater transparency, openness, accountability and reliability.  These reforms include Cash Budgeting System, Open Government Partnership (OGP), among others.

The DBM will start its series of consultations this month through a Budget Forum with national government agencies and government corporations; and in February 2023 with Regional Development Councils, civil society organizations, and student/faculty associations, and Philippine Association of State Universities and Colleges. (DBM)

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Kate Shiene Austria

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Information Officer III under the Creative Production Services Division of the Philippine Information Agency. 

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