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THE PHILIPPINE STAR

Rody signs EO on cash


budgeting system
By ALEXIS ROMERO implementatibn of an opera-
tional cash budget and by set-
President Duterte has ting deadlines for obligation of
signed an executive order funds and execution of projects
adopting the cash budgeting during the fiscal year, in order
system to address what he to speed up the implementation
called "si.gnificant gaps" in of prograqs and to promptly
spending outputs and annual deliver goods and services to
appropriations that delay the our people," it added.
delivery of public services. Under the EO, all autho.
The shiff from a multiyear rized appropriations shall be
obligation+based to arurual cash available for obligation and
budgeting is mntained in EO No. disbursement only until the
91 signed by Executive Seo,etary end of each fiscal y6ar. Obliga-
Salvador Medraldea bv authoriw tions incurred bv the national
of the President last Srlpt. 9. government wiih eac\ fiscal
According to thebudget de- vear shall be imolemented
partment, annual cash-based turftrg the same yiar
budgeting limits incurring ob- Goods and services that
ligations and disbursing pay- correspond to obligations have
ments for goods delivered and to be delivered, rendered, in-
services rendered, inspected spected and accepted by the
and accepted within the fiscal end of each fiscal year.
year. Under the svstem, the PaYments for oblisations
Lxtent of budget implementa- incuried shall be maie until
tion is just one year, with an the end of the tlree-month ex-
extended Davment oeriod of tended palment period unless
three morithi after ihe fiscal another period has been deter-
year. The cash budgeting sys- mined by the budget depart-
tem will start this year. ment upon consultation with
"Significant gaps between relevant agencieg the EO stated.
the actual expenditure out- Appropriations covering
turns and annual appropria- financial subsidy to local gov-
tions translate to billions of emment units will be available
pesos of delayed and forgone for obligation and release until
sefvlces, w
services, which should have the end endbf succeedins fiscal
of the succeeding fiscal
been delivered to the general vear. Appropriations for
year. Aoorooriations f-or the
publi_c," the order read. statutory shares of local gov-
"There is a need to imprcve ernments shall be available for
nscar plarming
the fiscal
rne praruxng ofor govem-
govem- obligation and disbursement
ment agencies through the the until fully expended.

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