Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans)
Letter of Implementation No. 156, issued on October 22, 1985, mandates all government agencies in the Philippines to prepare and submit their internal operating budgets, referred to as Work and Financial Plans, to the Office of Budget and Management. This directive aims to ensure that each agency's objectives are aligned with available funding, thereby optimizing the use of government resources. The internal budgets must include detailed activity targets, financial requirements, manpower needs, and a quarterly breakdown of expenditures. Additionally, these budgets must consider cash flow for current and prior obligations, and submission is required by December 5, 1985, to facilitate the release of funds.
Quick Answers
- What is Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans) about?
- Letter of Implementation No. 156, issued on October 22, 1985, mandates all government agencies in the Philippines to prepare and submit their internal operating budgets, referred to as Work and Financial Plans, to the Office of Budget and Management. This directive aims to ensure that each agency's objectives are aligned with available funding, thereby optimizing the use of government resources. The internal budgets must include detailed activity targets, financial requirements, manpower needs, and a quarterly breakdown of expenditures. Additionally, these budgets must consider cash flow for current and prior obligations, and submission is required by December 5, 1985, to facilitate the release of funds.
- What type of law is Letter of Implementation No. 156?
- Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans) (Letter of Implementation No. 156) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans) enacted?
- Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans) (Letter of Implementation No. 156) was enacted on Oct 22, 1985.
- What is the citation for Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans)?
- Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans), Letter of Implementation No. 156, Oct 22, 1985 (Philippines)
Law Information
- Reference Number
- Letter of Implementation No. 156
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Implementation
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 22, 1985
LETTER OF IMPLEMENTATION NO. 156
DIRECTING THE PREPARATION AND SUBMISSION OF AGENCY INTERNAL OPERATING BUDGETS (WORK AND FINANCIAL PLANS)
| TO | : | Heads of Ministries, Bureaus, Offices, Commissions, Government-Owned and/or Controlled Corporations, State Universities and Colleges, and Other Agencies of the National Government |
WHEREAS, the effective conduct of government activities requires the determination of agency work targets and the commensurate level of funding;
WHEREAS, in order to meet agency objectives and work targets, there is a need for the Office of Budget and Management to work out a national government expenditure program that will ensure availability of budgetary funds on a quarterly basis;
WHEREAS, available funds of the government have to be apportioned among priority programs and projects of agencies in order to attain maximum benefits at minimum cost;
WHEREAS, Section 38 of P.D. 1177 provides that the head of each ministry, office or agency shall submit to the Office of Budget and Management a request for allotment of funds showing the estimated amounts needed for each function, activity or purpose.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby Order and Direct:
1. All Agencies shall prepare their respective internal operating budget (Work and Financial Plans) to effectively and efficiently implement the programs and projects of the government in accordance with standard budgetary procedures.
2. The agency internal operating budget shall include detailed activity targets, their financial requirements and manpower needs. It shall detail the quarterly breakdown of agency expenditures.
3. The internal operating budget shall also detail the Cash Flow of the agency taking into account the cash requirement needed for the liquidation of current and prior years obligations.
4. The submission of the internal operating budgets shall be prerequisite to the releases of funds to agencies.
5. All agency internal operating budgets for calendar year 1986 shall be submitted to the Office of Budget and Management on or before December 5, 1985.
DONE in the City of Manila, this 22nd day of October, in the year of Our Lord, Nineteen Hundred and Eighty-Five.
Cite This Law
Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans), Letter of Implementation No. 156, Oct 22, 1985 (Philippines)
Directing the Preparation and Submission of Agency Internal Operating Budgets (Work and Financial Plans), Letter of Implementation No. 156 (Phil. 1985)
Related Laws
- Approval of the CY 1980 Operating Budgets of Various GOCCsLetter of Instructions No. 976 • Dec 31, 1979 • Presidential Issuances
- Preparation of Comprehensive Financial Plan for the Philippine Educational SystemLetter of Instructions No. 1372 • Jan 23, 1984 • Presidential Issuances
- Preparation of Comprehensive Work Programs in Significant Areas of National Government OperationLetter of Instructions No. 643 • Dec 21, 1977 • Presidential Issuances
- Relative to Part V on Budgeting and Financial Control and Pertinent Provisions of the Integrated Reorganization PlanLetter of Implementation No. 18 • Dec 15, 1972 • Presidential Issuances
- Guidelines for the Preparation of Annual Gender and Development (GAD) Plans and Budgets and Accomplishment Reports to Implement the Magna Carta of WomenPCW-NEDA-DBM Joint Circular No. 2012-01 • Other Rules and Procedures
- Preparation and Online Submission of FY 2019 Gender and Development (GAD) Plans and Budgets and FY 2017 GAD Accomplishment Reports and Other MattersPCW Memorandum Circular No. 03-17 • Sep 29, 2017 • Other Rules and Procedures
Browse More Presidential Issuances
Explore other laws in the Presidential Issuances category.
View All Presidential IssuancesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law