Gov’t to adopt improved version of Performance Informed Budgeting

MANILA, Philippines - The Aquino administration will adopt an improved version of the Performance Informed Budgeting (PIB) strategy in crafting the 2015 national budget to further enhance transparency and accountability.

The PIB is one of the government’s  breakthrough expenditure reforms, directly linking an agency’s committed outputs and performance indicators to its budget for the year.

It lays down the specific guidelines and procedures for government agencies and departments to observe while drawing up their own budget proposals.

 â€œWe plan to further boost the PIB by strengthening the links between an agency’s targets with their budgetary needs, so that their programs will be properly supported by the next year’s budget,” Budget Secretary Florencio “Butch” Abad said.

Abad said the PIB will  allow agencies to work even more efficiently with each other.”

 â€œAll of these public expenditure management reforms, including zero-based budgeting and grassroots participatory budgeting were designed to promote greater stakeholder engagement in the budgeting process and ensure that we spend within means, spend in the right priorities and spend with value for money,” he said.

The Department of Budget and Management regularly issues the national budget call to all agencies, which includes state universities and colleges (SUCs), at the beginning of the budget preparation year.

It contains budget parameters such as macroeconomic and fiscal targets and agency budget ceilings, and as previously mentioned, policy guidelines and procedures in the preparation and submission of agency budget proposals.