Corporate Budget Memorandum No 46 Dated January 18 2024

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REPUBLIC OF THE PHILIPPINES

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DEPARTMENT OF BUDGET AND MANAGEME HLEJie ’
BONCODIN HALL. GENERAL SOLANO ST.. SAN MIGUEL. MANILA MM* BMBK
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CORPORATE BUDGET MEMORANDUM No. 46
F O R ; All Heads of Government-Owned or Controlled Corporations

(GOCCs), including Government Financial Institutions (GFIs) and all
Others Concerned I
SUBJECT : CORPORATE BUDGET CALL FOR FY 2025
DATE January 18, 2024
1.0 BACKGROUND AND RATIONALE

'•
1.1 The FY 2025 budget is geared towards^ptimizing the budgetary support
to GOCCs in response to the call of reforming the public corporate sector
in light of the tight fiscal resources of the government.
1.2 Executive Order (EO) No. 518, s. 1979 prescribes, that the budgetary
requests of GOCCs shall observe the format and timetable as determined
by the DBM, consistent with the national government policy for the
formulation of the national budget, representing the totality of
government revenue, expenditure, and debt.
1.3 Towards this end, the FY 2025 budgetary support to GOCCs shall be
aligned with the national budgeting and public financial management
systems, and consistent with budget and compensation laws, rules, and
regulations, expounded in the sections below.
2.0 EXPENDITURE MANAGEMENT FRAMEWORK
2.1 The FY 2025 budget proposal of GOCCs/GFIs should be consistent with

the policies enumerated below:
2.1.1 The FY 2025 budget is poiseyd to set hard budget constraints to

GOCCs/GFIs by considering'the actual output and the resources
made available to produce’the required level of output.
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2.1.2 With clear rhacro-economic objectives set in place by the FY

2022-2028 Medium-Term Fiscal Framework (MTFF), the FY 2025
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has a blueprint by which it can achieve the 8-point
Socioeconomic Agenda as integrated in the Philippine
Development Plan (2023-2028).
2.1.2.1 Programs which support the achievement of the targets

set in the Administration's MTFF are given priority. The
MTFF^ is a comprehensive fiscal strategy which seeks
to attain short-term macro-fiscal stability while steering
the economy back to its high-growth trajectory and
promoting medium-term fiscal sustainability. It aims to
consolidate the resources of the National Government
in order to optimize its use and gain its maximum
benefit and multiplier effects for the economy.
2.1.3 Continuing emphasis on infrastructure development, including the

Build Better More program, as well as digital and social
infrastructure. However, increased infrastructure spending will
not, in any way, detract from the full support provided to the
poorest, lagging, climate change and disaster risk vulnerable
areas nor the social sector, and basic public services.
2.1.4 Provision of funds for capacity-building programs for Local

Government Units (LGUs) to enable them to assume the devolved
functions and services.
2.1.5 Strengthening the vertical and horizontal linkages, over the

medium term, between and among the GOCCs/GFIs, the
Department to which they are attached, subsidiaries, other
government instrumentalities, and equivalent bodies, by:
2.1.5.1 Ensuring that policies and programs, such as GOCC/GFI

budgets and operations, as well as their production,
financial and other corporate targets, and disposition of
profits, are consistent with sectoral policies and
programs;
2.1.5.2 Ensuring that there is no duplication in the delivery of

public goods and services through a holistic assessment
of priorities, targets, and accomplishments; and
2.1.5.3 Enabling the provision of immediate support or aid by

any of them to the national government in the event of
resource constraints.
' Adopted through the House Concurrent Resolution No. 2 dated August 1,2022 and Senate Concurrent Resolution
No. 3 dated September 7, 2022. Available at https://hrep-website.s3.ap-southeast-
l.amazonaws.com/legisdocs/basic_19/HCR0002.pdf and http://legacy.senate.gov.ph/lisdata/3845135627Lpdf,
respectively. (To be updated as applicable)
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2.1.6 The Heads of GOCC/GFI with regional presence^ shall be held
accountable for ensuring GOCC/GFI's compliance with applicable
policies, rules, and regulations of the Regional Development
Council review process.
2.2 Fully aware, however, of the competing demands of government

programs against a backdrop of limited resources, the FY 2025 budget
will ensure that only implementation-ready GOCC/GFI proposals are
included. This means that the GOCC/GFI budget proposals are expected
to contain concrete program plans and designs that outline key
procurement and implementation milestones, including specific project
locations and beneficiaries. The government will also look into the
GOCCs/GFIs' previous year budget utilization and performance as part
of its evaluation process.
2.3 Regardless of the uses, the National Government (NG) subsidy support,
except those that are funded through SAGF, shall be reflected in the
National Expenditure Program (NEP) under Maintenance and Other
Operating Expenses while NG equity contribution shall be reflected under
Capital Outlay (CO) in the NEP.
2.4 The government will continue the adoption of the following

administrative reforms for greater budget transparency, openness,
accountability and reliability:
2.4.1 2-Tier Budgeting Approach (2TBA);
2.4.2 Unified Accounts Code Structure (UACS);
2.4.3 Program-based budgeting structure through the Program

Expenditure Classification (PREXC) approach;
2.4.4 Disaggregation of lump-sum amounts within the agency specific

budgets to reflect the program/activity/project (P/A/P),
implementing agencies and/or regional or local levels;
2.4.5 Cash Budgeting System (CBS) pursuant to EO No. 91, s. 2019

which emphasizes funding of implementation-ready programs,
activities, and projects which can be completed within the fiscal
year, or until the allowable implementation period as provided in
the applicable general and special provisions of the General
Appropriations Act (GAA), if any;
2.4.6 A well-functioning, results-based and credible monitoring and

evaluation system that will provide evidence-based information;
2 GOCC/GFIs with regional offices and to which subsidy/equity may be directly attributed to such regional offices
(i.e., NDA, NIA, PGA, etc)
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2.4.7 Program Convergence Budgeting (PCB) to link, harmonize, and
synchronize the timing of critical program interventions; and
2.4.8 Open Government Partnership (OGP) to strengthen participation

of Civil Society Organizations (CSOs) and to ensure sustainability
of budget and governance reforms.
2.5 Total Resource Budgeting
2.5.1 GOCCs/GFIs shall fully reflect in their budget proposals all sources
of funds, such as corporate funds, borrowings, fund transfers
from other agencies, and budgetary support from the national
government.
2.5.2 All funding requirements of the GOCCs/GFIs, including contingent

liabilities, sizable liabilities from previous years' suppliers'
contracts and other multi-year obligations or multi-year agency
projects, must be identified in the budget submissions.
2.6 Financial independence of GOCCs/GFIs
2.5.1 GOCCs/GFIs shall observe fiscal responsibility in proposing

budgetary support from the national government through the
following:
2.6.1.1 Implementing measures to enhance corporate revenue

generation, cost recovery, and improve operational
efficiency;
2.6.1.2 Initiating the study to streamline the organization,

including privatization of certain GOCC operations and
assets, subject to the recommendation of the
Governance Commission for GOCCs (GCG), (for GOCCs
covered by Republic Act [RA] No. 10149) and the DBM
(for GOCCs exempted under RA No. 10149); and.
2.6.1.3 Maximizing available resources through other means,

such as external financing, and sale/lease of assets,
among others.
2.7 Resource Optimization
GOCCs/GFIs are encouraged to maximize their budget by means of the

following:
2.7.1 Ensuring that budget proposals are channeled to priority ongoing

programs and projects for completion that will have an impact on
economic growth and increase productivity;
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2.7.2 Identifying/implementing programs/projects with the potential to
generate revenues. In cases where revenues are already being
generated for services rendered, measures such as the
improvement of the quality of service delivery and reduction in
the cost of production should be adopted to further increase
revenues; and
2.7.3 Undertaking measures to ensure that the costs of services

rendered/delivered are recovered.
2.8 Focused Resource Utilization
2.8.1 GOCCs/GFIs shall refrain from undertaking activities and

programs that other national government agencies, LGUs or other
government corporations are mandated by law to perform.
Complementation/convergence in the identification and
implementation of the programs and projects among said
agencies shall be observed to avoid duplication, maximize
benefits, and promote greater efficiency in service delivery.
2.9 National Government Subsidy Graduation
2.9.1 The following parameters shall be taken into consideration the

possible scaling down or optimization of subsidies to GOCCs/GFIs:
2.9.1.1 The Functional Classification of GQCCs.
a. Those which are highly commercial, consistently

generating income, and remitting dividends may be
given least priority in receiving NG subsidy.
b. GOCCs with regulatory/developmental/social

function may be given preference in budgetary
support, subject to the endorsement of their parent
or supervising department, the explicit provisions in
applicable legislative acts, and the usual budgetary
process.
2.9.1.2 Financial Performance of GOCCs/GFIs, The financial

performance of GOCCs/GFIs for the past five (5) years.
If, upon review, the GOCC/GFI has shown an increasing
trend in income and corporate funds, the budgetary
support may be gradually reduced or shall be based
only on the financing gap of the GOCC for the budget
year.
The improved financial performance and reduced

reliance on NG-subsidy shall be taken into account in
the upgrade of the Compensation and Position
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Classification System, as determined by the GCG or the
DBM.
2.9.1.3 GOCC's Utilization of Equity. A review will be done on

the necessity of GOCCs with unpaid capitalization to
determine whether these GOCCs have taken full
advantage of the NG equity that has already been
provided to them.
2.9.1.4 Heavily-subsidized GOCCs, GOCCs that have remained

heavily dependent on NG budgetary support for the
past 10 years shall be endorsed to the GCG, in
consultation with the DBM and DOF, for possible study
on the conversion of these GOCCs into national
government agencies.
2.9.1.5 GOCCs, in close coordination with Department of

Finance and Department of Budget and Management,
shall explore other possible sources and types of
funding to support and expand its PAPs in-line with their
mandate and subject to the limitation of their
respective charters. '
3.0 GOCC/GFI BUDGET LEVELS
3.1 As a general rule, income and/or revenues collected by GOCCs/GFIs

from all sources shall be used to cover their operating requirements. In
case of any deficiency, the National Government may provide support
through the following:
3.1.1 Subsidy for Operations. Amounts granted to GOCCs/GFIs to

cover operational expenses that are not supported by corporate
revenues or to cover corporate deficits and losses;
3.1.2 Subsidy for Programs/Projects. Amounts granted to

GOCCs/GFIs for the implementation of development programs/
projects, subject to prioritization and alignment with the Budget
Priorities Framework;
3.1.3 Equity. The amount received by GOCCs/GFIs as payment of

capital subscriptions. Generally, capital investment of the
National Government in said corporations which forms part of
their capitalization, provided that corporate equity investments
shall be within the limit of the authorized capital stock of the
requesting corporation (Section 21, EO No. 518);
3.1.4 Shares from special laws. Provision of support governed by

special laws creating Special Account in the General Fund, i.e..
Republic Act (RA) No. 9593 (The Tourism Act of 2009), RA No.
11524 (Coconut Farmers and Industry Trust Fund Act), RA No.
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8424 (Tobacco Inspection Fees), RA No. 11371 (Murang Kuryente
Act), among others; and
3.1.5 Other forms of budgetary support. This covers items that are
not supported by corporate revenues or corporate deficits and
losses, i.e.. Tax Subsidy, Net Lending, Conversion of NG Advances
into Subsidy/Equity; subject to the DOF endorsement/approval.
3.2 The total budget proposal of GOCCs/GFIs shall be based on the total
cash requirements of: (a) ongoing P/A/Ps under Tier 1; and (b) new and
expanded spending under Tier 2.
3.3 The future cost of ongoing and existing policies shall be determined
through the formulation of the Forward Estimates (FEs)' for FYs 2025-
2027.
Consistent with 2TBA, the discussion and deliberation on

ongoing/existing programs/activities/projects (PAPs) for FYs 2025-2027
shall be done separately from the consideration of new spending
proposals and expansion of existing PAPs. Tier 1, which refers to the first
phase of the 2TBA shall consist of the estimated actual cash
requirements for ongoing PAPs and commitments at the same cost and
quality. Meanwhile, the requirements for expanded/new proposals are
taken up under Tier 2. The latter proposals shall be guided by the Budget
Priorities Framework which shall be covered by a separate issuance.
The details on the guidelines for the formulation of the FYs 2025-2027
FEs are provided in Annex A.
4.0 GENERAL SUBMISSION REQUIREMENTS
4.1 All Budget Preparation (BP) Forms shall be accomplished consistent with
Annex B (BP Guidelines, Forms, and Instructions) of this CBM.
4.2 The required submission modality is via the Online Submission of Budget
Proposals System (OSBPS) v2.0, including those forms considered as
"Not Applicable" to the GOCC/GFI concerned. Two (2) sets of hard copies
thereof, generated from the OSBPS v2.0, must be submitted to the DBM.
These shall be duly signed and endorsed, through a transmittal letter,
by the head of the GOCC and the budget proposal approved by the
Governing Board.
4.2.1 It must be emphasized that the hard copy must have the same
content as the encoded data under the OSBPS v2.0. In case the
hard copy is inconsistent with the encoded data under the OSBPS
v2.0, the latter shall prevail and will be regarded as the official
submission of the GOCCs/GFIs.
4.3 To enable the DBM to thoroughly evaluate the proposed amendment,

deletion, or addition of special provisions, GOCCs/GFIs are required to
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completely fill out DBM Form 701, especially the justification for the
revision, deletion, or inclusion of such provisions, taking into account the
legal basis/es and conformity with existing budgeting, accounting,
auditing, and other pertinent laws, rules, regulations, and policies.
Incomplete DBM Form 701 shall be a ground for not considering the
proposed special provisions.
4.4 All BP Forms and supporting documents cited in this Corporate Budget
Memorandum (CBM) shall be submitted to the Administrative Service-
Central Records Division (AS-CRD), Ground Floor, DBM Building III,
General Solano St., San Miguel, Manila.
4.5 Strict adherence to the submission deadlines specified in Annex C

(Calendar of Activities) of this CBM should be observed.
5.0 SPECIFIC SUBMISSION REQUIREMENTS
5.1 For budget proposals of GOCCs/GFIs involving multi-year projects, the

supporting Roadmap and the Certificates of Budget Inclusion, approved
by their respective governing boards, are required.
5.2 For budget proposals of GOCCs/GFIs involving specific concerns, the

endorsement of pertinent departments/agencies/entities is required as
follows:
Endorsing
Entity Subject of Endorsement
DA Research and Development (R&D) in Agriculture and
Fisheries
PSA Systems of Designated Statistics pursuant to E.O. No.
352
DICT Information Systems Strategic Plan (ISSP) in support
of ICT-related proposals
NEDA New Infrastructure projects as covered by approved
Three-Year Rolling Infrastructure Program (TRIP) and
Public Investment Program (PIP)
OPAPRU Payapa at Masaganang, Pamayanan (PAMANA)
Program
DOF Proposals for Net Lending, Conversion of NG.

Advances into Subsidy/Equity, Borrowings Program
and Investment Plan
DOE Government Energy Efficiency Projects

(lAEECC)
5.3 Consistent with Section 13 Chapter III of RA No. 7638, the National
Electrification Administration (NEA), National Power Corporation (NPC),
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and Philippine National Oil Company (PNOC) shall submit, in addition to
the forms enumerated in this CBM, the budget forms prescribed under
CBC No. 44, reflecting the four-year financial and physical reports of the
GOCCs:
5.3.1 Two immediately preceding years' audited/actual reports

5.3.2 Current year Level
5.3.3 Proposed Level
5.4 Budget proposal of the Philippine Center for Economic Development

should cover those activities to be implemented within the Calendar Year
(CY) 2025 (i.e.x January to December 2025 only), irrespective of the
Academic Year.
5.5 Budget proposals for Quantified Free Services of the Specialty Hospitals
and Franking Privilege Services of the Philippine Postal Corporation
should be based on the reimbursable portion of its actual utilization.
5.6 Budget proposal of the Power Sector Assets and Liabilities Management
Corporation to cover the payment for stranded contract costs and
stranded debts pursuant to RA No. 11371 should be supported with
approval from the Department of Finance (DOF).
5.7 GOCCs/GFIs are precluded from submitting budget proposals for NG

equity infusion to cover regular operating requirements.
5.8 Similarly, budget proposals of participating GOCCs/GFIs for PAPs which

form part of the convergence programs shall be limited only to the
specific priority programs and projects of PCB duly coordinated with PCB
Lead Agencies. To this end, PCB lead agencies shall ensure proper
coordination with participating agencies to determine the contribution of
each agency to the attainment of the targets of a PCB program.
Lead
Dept/Agency PCB Program
DA Agriculture Development Program

DOH Universal Health Care Program
DOT Tourism Development Program
DTI Export Development Program
DENR Risk Resiliency Program
CPD National Program on Population and Family Planning
DSWD Zero Hunger Program
These lead departments/agencies are also identified in the matrix

attached to DBM Form 708 in Annex B of this CBM.
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5.9 All projects endorsed by the responsible departments/agencies shall still
be subject to DBM evaluation.
5.10 GOCCs/GFIs are also reminded to tag the following activities in the
OSBPS v2.0:
5.10.1 Classification of Functions of Government (COFOG) which should

be to the second level category, i.e., sub-sector level, and re
categorization of GAS and STO from General Services to the
appropriate Function/Sector of the GOCC/GFI in accordance with
item 5.1 of COA-DBM-DOF Joint Circular (JC) No. 1 dated August
11, 2017; and
5.10.2 Budgets for Climate Change per DBM-CCC Joint Memorandum

Circular (JMC) No. 2015-1 dated March 24, 2015.
5.11 Relative to the FY 2025 Gender and Development (GAD) Plan and Budget
(GPB), the Philippine Commission on Women (PCW) shall issue a
separate circular on the specific details of its submission.
6.0 For compliance.
AME T. PANGANDAMAN
Secretary
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-JI
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ANNEX A i»
GUIDELINES ON THE COMPUTATION OF

TIER 1 AND TIER 2 LEVELS
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ANNEXW
GENERAL GUIDELINES
(Tier 1 and Tier 2 Computation)
1.0 GOCCs/GFIs are reminded of the following key features distinguishing budgetary
items for inclusion In Tier 1 and 2:
TIER 1 TIER 2
___________________________ DEFINITION
Estimated actual cash requirements for The amount available for the budget proposals
ongoing P/A/Ps and commitments at the corresponds to the fiscal space, or the
same scope and quality. difference between the projected expenditure
program (after considering projected
revenues and deficit targets) and Tier 1, the
financial impact of the implementation of E.O.
138’, s. 2021.
Two processes are covered:
1. Allocation of the fiscal space, prioritizing
the required expansion of existing P/A/Ps
in terms of changes in scope,
beneficiaries, timeframe, or outputs, and
if funds are available, the new priority
P/A/Ps in the PDP approved by the NEDA
Board and stated in the Budget Priorities
Framework (BPF); and
2. Proposals for the scaling up/expansion of
existing P/A/Ps retained for
implementation of GOCCs/GFIs in terms
of policy change not previously approved
such as scope, beneficiaries, design or
implementation schedule.
COMPOSITION
1. Formulated Tier 1 FEs for FYs 2025- 1. FY 2025 Tier 2 high priority new &
2027 - known budgetary amounts that expanded, implementation-ready
are essential for the continued infrastructure P/A/Ps, included in the
implementation of existing/ongoing PIP 2023-2028 and TRIP FYs 2024-
approved P/A/Ps 2026, and with NEDA Board and/or
Investment Coordination Committee
(ICC) approval as of March 31, 2024,
but not yet funded in Tier 1.
The corresponding requirements of
these Tier 2 proposals for FYs 2025-
’ Full Devolution of Certain Functions of the Executive Branch to Local Governments, Creation of a Committee on
Devolution, and for Other Purposes
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TIER 1 TIER 2
2027 shallI also be taken into
consideration for medium-term
planning and programming.
2. Proposals for the scaling up of activities
in terms of policy change not previously
approved such as scope, beneficiaries,
design or implementation schedule
which are included under the updated
PDP and BPF.
3. This also encompasses the essential
operations, maintenance, asset
replacement and minor capital costs,
including funding required for technical
assistance programs to LGUs and those
under the Organizational Effectiveness
Proposals (OEPs) of agencies as a result
of the devolution of functions to LOUS'*.
SPECIFIC GUIDELINES
(Tier 1 and Tier 2 Computation)
1.0 Preparation of Forward Estimates for FYs 2025*2027
1.1 FEs refer to the three-year estimate of the future costs of ongoing
policies and existing PAPs considering any expansion/ reduction of
the said PAPs.
1.2 The FEs for FYs 2025-2027 shall be formulated by the DBM in
consultation with the GOCCs/GFIs concerned.
1.3 The FEs shall consider the adjustments arising from changes in macro-
economic parameters, namely, foreign exchange rate and inflation rate.
1.4 Further, the budgetary requirements in the FYs 2025-2027 FEs shall
incorporate changes resulting from the GOCC's/GFI's FY 2023 Budget
Utilization Rate (BUR) computed as current year's obligation (for subsidy
and equity, as of December 31, 2023) over allotment on a per P/A/P
BUR of the GOCC/GFL Furthermore, estimates based on demand driven
parameters, e.g., population-based P/A/Ps shall all be subject to BUR.
■’ As contained in EO No. 138
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The FY 2025-2027 FEs shall thus be formulated as follows:
a. The foreign exchange rate of P55.00:$1.00^ shall be used in

determining the peso equivalent. of dollar-denominated
currencies. This rate shall be applied for FY 2025 until FY 2027.
b. The inflation rate of 3.0 percent shall only be used in formulating

FYs 2025-2027 MOOE levels for operating expenses that are
affected by changes in the prices of commodities.
c. Thus, the FYs 2025-2027 budget levels for ongoing programs

and/or projects shall be based on the following:
c.l For ongoing programs/projects, the Tier 1 level shall be

computed based on whichever is lower between the
current level of budgetary support multiplied by the
preceding year's BUR (pertaining to the
program/projects) and the annual requirements
submitted per program/project profile and/or CBIs.
C.2 For ongoing infrastructure projects, the level of budgetary

support shall take into consideration the status of
implementation of the project, i.e., actual
accomplishment and fund utilization {on a per project
basis). If it involves multi-year implementation, the
budgetary support levels shall be limited to the amount
per the approved CBI and Roadmap.
1.5 The targeted outputs and outcomes shall be consistent with the level
supported by the cash-based budgetary requirements formulated for the
pertinent FEs years.
1.6 GOCCs/GFIs shall be advised of their approved FYs 2025-2027 FEs and
shall be required to concur thereto.
2.0 Details of Tier 1 and 2 classifications
For GOCCs with Subsidy Support from the National Government

TIERl TIER 2
• Funding requirements to implement • Funding requirements to cover new
ongoing P/A/Ps, after taking into or expanded existing P/A/Ps, as
consideration 'the available identified under the updated PDP and
internally-generated funds and BPF.
prior year subsidies.
5 Approved by the Development Budget Coordination Committee (DBCC) on June 9, 2023. (Subject to
updating based on latest DBCC approval)
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TIERl TIER 2
• On-going infrastructure projects of • Costs not included in the FEs of
GOCCs with subsidy support, including ongoing P/A/Ps of heavily-subsidized
those with Certificate of Budget GOCCs.
Inclusion (CBI) as approved by their
• New/expansion of infrastructure
respective Governing Boards.
subsidy support to GOCCs included in
• Funding requirements for subsidy the Approved GOCC Sector
support sourced from the shares from Masterplan and Roadmap.
a special law or Special Account in the
• Immediate maintenance and
General Fund (SAGF) shall be subject
operating costs for NG-subsidized
to the conditions set forth in
projects to be completed by 2024
implementing, budgeting policies, rules
that cannot be covered by internally
and regulations governing the SAGF.
generated funds.
• Approved projects covered by the
• Adjustments based on submission of
updated CBI reflecting the cash
certifications not received before the
requirements that shall be paid within
deadline of the submission of Tier 1
the year in consideration.
for the funding requirements to cover
• Budgetary support to address funding the transfers from the GOCCs to the
deficiencies relative to reasonable LGUs as mentioned in Tier 1,
costs needed to ensure the operation pursuant to the Mandanas-Garcia
of newly completed facilities as of ruling.
December 2023.
• New major capital projects to be
implemented starting FY 2025
pursuant to new legislations, and
ongoing major capital projects with
updated project scope/cost,
implementation schedule covered by
updated CBI reflecting the cash
requirements to be paid within the
year in consideration, and NG
support component per source of
financing approved by the NEDA
Board and/or ICC-Cabinet Committee
as of March 31, 2024.
• New foreign-assisted projects due for
negotiation in FY 2024 and
implementation in FY 2025 as
contained in the programming
documents of - the lending
institution/donor/grantor as certified
by the DOF. These shall be evaluated
by DBM for possible inclusion of the
loan proceeds component under the
Unprogrammed Appropriations.
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For GOCCs with Equity Contribution from the National Government
and/or covered by SAGF
TIER 1 TIER 2
• The cost of ongoing infrastructure and • Proposed new infrastructure projects
other capital projects that have been included in the approved TRIP FYs
approved in previous years, that may 2024-2026, may likewise be covered
be covered by NG equity contribution to by NG equity infusion to the
the GOCC/GFI taking into consideration GOCC/GFI in consideration of the
the available unpaid NG subscription available unpaid NG subscription
balances based on the total authorized balances after taking into account
capitalization prescribed under the the ongoing infrastructure and other
GOCCs/GFIs respective charters and capital projects.
other special laws.
• New major capital projects to be
• Approved projects covered by updated implemented starting FY 2025, and
CBI reflecting the cash requirements ongoing major capital projects with
that shall be paid within the year in updated project scope/cost,
consideration. implementation and source of
• Ongoing capital expenditure items of financing approved by the NEDA
GOCCs that are funded through SAGF. Board and/or ICC-Cabinet.
• Other proposed new and expanded
capital outlays that are non
infrastructure in nature, which are
implementation-ready.
—Nothing Follows under ANNEX A—
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ANNEX B
BUDGET PREPARATION
II
FORMS AND INSTRUCTIONS
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4
ANNEX B-1
CHECKLIST OF BUDGET PREPARATION FORMS
DBM Particulars
Forms
Boa rd-Approva I/ Resol ution □

201 Summary of Obligations and Proposed Programs/Projects □
700 Corporate Strategic Measures
701 Proposed Provisions
702 Statement of Financial Position ij
703 Statement of Financial Performance 1/
703
703
-A
-B
Staffing Summary (Summary of Personnel Services) □
Details of Maintenance and Other Operating Expenses
703 -C Details of Capital Outlays □
703 -D Annual Procurement Plan (APP) 2/
704 Statement of Cash Flows 1/ □
705
706
Comparative Sources of Funds 1/ n
Uses of Funds by Expense Class 1/
707
708
Summary of Outyear Requirements □
Convergence Programs and Projects
709
710
Proposal for New or Expanded Locally-Funded Projects n
Proposal for New Foreign-Assisted Projects
711 Climate Change Expenditures □
712 Summary of RDC Inputs and Recommendations on GOCC
New and Expanded Programs and Projects
713 Report of CSOs' Inputs on Ongoing and New Spending
Projects and Activities
□
Notes:
1/ Forms necessary for Budget of Expenditures and Sources of Financing (BESF) Tabies E
it
2/ Attach the APP submitted to the GPPB-TSO s
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BP Form 201
SUMMARY OF OBLIGATIONS AND PROPOSED PROGRAMS/PROJECTS

(In P’OOO)
DEPARTMENT:
CORPORATION:
2023 ACTUAL 2024 CURRENT 2025 PROPOSED PROGRAM
Cost Structure/ Program/ TIER1 TIER 2 TOTAL PROPOSED PROGRAM
UACS
Activities/ Projects PS Mooe co TOTAL PS MOOE CO TOTAL
Code(s) PS MOOE CO TOTAl PS MOOE CO TOTAl PS MOOE CO TOTAL
________________ (H_________ (2) (3) (■1) (5) (8) (7) (8) (9) (10) (11) (12) (13) (14) (15) (18) (17) (13) (10) (») (21) (22)
A.COST STRUCTURE
I. General Administration and Support
a. Actr.'ity I
TOTAL A.I
II. Support to Operations

a. Activity 1
b. Project I
TOTAL A,ll
III. Operations
Organizational Outcome I
PROGRAM I
SUB-PROGRAM 1
a. Activity 1
b. Project 1
1.
Organizational Outcome n
PROGRAMn
SUB-PROGRAM n
8. Acth'ityn
b. Project n
TOTAL A.Iil
TOTAL COST STRUCTURE, PROGRAT.IS,

ACTIVITIES AND PROJECTS
TOTAL OBLIGATIONS
Prepared by: Approved by: Date;
BUDGET OFFICER PLANNING OFFICER HEAD OF CORPORATION OAY/MONTWYEAR

DBM Form No. 201
SUMMARY OF OBLIGATIONS AND PROPOSED PROGRAMS/PROJECTS
INSTRUCTIONS
Indicate the name of the Department and of the Corporation. "Department" refers to
the Department to which the Corporation is attached.
This form shall be accomplished by GOCCs/GFIs with provision/proposal for

Budgetary Support from National Government (NG), whether NG Subsidy
and/or Equity Contribution. h
Reflected herein is the summary of obligations and proposed programs and projects
which includes the programs/activities/projects (P/A/Ps) or components thereof that
address specific commitments of the government, with appropriate justification, as
may be necessary. It shall be accomplished as follows:
Column 1: Indicate under this Column P/A/Ps in the same level of detail.
Column 2: Indicate under this column the appropriate PREXC UACS code
of each P/A/P statement under 'General Administrative and
Support' (GAS), 'Support to Operations' (STO), and
'Operations'.
The PREXC UACS code shall be the enhanced 15-digit code

pursuant to COA-DBM-DOF Joint Circular No. 1 dated August
11,2017.
Columns 3-6: Indicate under these Columns the FY 2023 Actual Obligations
by Expense Class^ of the GOCC/GFI as well as the actual
object classification of the obligations.
Columns 7-10: Indicate under these Columns the FY 2024 Current Program
by Expense Class® of the GOCC/GFI.
Columns 11-22: Indicate under these Columns the FY 2025 Proposed Program
by Expense Class^ of the GOCC/GFI. This shall correspond,
for each P/A/P, to the sum of the Total 2025 proposed
program presented in Tier 1 and Tier 2 Proposal.
i.e., For regular subsidies/equity; MOOE - Subsidy and CO - .Equity Contribution', while for GOCCs/GFIs with SAGF: PS, MOOE
and CO
20
08X Fonn No. 700
CORPORATE 5TRATEGC UEA SURES

FY
O CorponCe Operating Budget
□ Budget Proposal
OEPARTIZENT:_______________________________________________________________________________________________________________________________________________________________________________________________________________
CORPORATION:______________________________________________________________________________________________________________________________________________________________________________________________________________
I. CORPORATE PROFLE
A. B^CSQerrefliolCorporaeObpc^ts
S. Corporae Prioic'es br Budgit Year
C. Uapr Prograrrs ard Projects
0. Unr3geso(CorporaePriariieVftogramsPco^swthbeN3^*>M'SecDalOe«topTer'.iFtan.TheUedXfy>-Termft)rpp«reOes'elQprrefltPlan{UT?CP)ard N3wra]P^c/ProrourcerrcfU,GOCC/GFlSecDcUs^(janardRo3dmap
IL PERPOfUAANCE UEASUREMENT
PART A. fUmtCULPERFORMftHCepnTtWUOnOPtlOt)
FY fy C* ry
OCO tnUtEOKHBA IIMI taaOAA AMI CM AUStlOUCtlfil Cumn Pto^run/i Pfopouar}

Posrt a' l9 > F(so rta
PERF OR U AXC E 07 Oft U A t O U
HO Cere. Cere, MO NO Cera,
fiomatne* roru KO U9»O(t OsnoaCiQt rotAt Berre as a* Cere, fbdoi loru eerroobgt roiAx
ksaen ftaSi roasa taaeeit toaaR re not
L OAS
STO
K>
■.CPEAAnOKS
ror Al
PARTS. PHYSICAL PERfOf««Al(C£

VAieAtEOBAteiKE ACtUAl tAftoer I RROftOlCO
OCO irRArEORUEAtUmiaOOAA DATA ry CT._ ry
ttRAteoic oe/ecrivci
PCJV Of) U ANC e 07 OR U A r O H NO Cere, NO Cere. KO cere,
fv ry Berreotor ror«. OkMUHLlK 1OTU. Benaabet rorAl
taeoert ronei taaaect rceiot faaaert rvat
II Ptr.tre lelnreeiaB rear ereeedro eve C06.0uaoc<PieaoaA(,BM M'-oiBCalnacxiS sna^ti.

i! COB iiXTSAAien Azmsei.arBAza uvan m AAjaMbOAAlewICor iroseoret M3 SuOsÔei
rerB<zoaFree«A> »ax*He>. Airoize tr^ oea croieeaM.
PREPAREOBY: APPROVES by:
PLAinnirCOFFCER BUDGET OFFICER HEAD OF CORPORA noil

DBM Form No. 700
CORPORATE STRATEGIC MEASURES J*
• ' 4
, li"'
INSTRUCTIONS 4!
‘‘’a
Indicate the name of the Department and of the Corporation. "Department" refers to
the Department to which the Corporation is attached.
h.
ft
This form shall be accomplished by all GOCCs/GFIs with or without

Budgetary Support from the National Government. .1
I>"
I. Corporate Profile +'

IIIL
w *•
This portion provides the following corporate information: . * ■ ■i
A. Brief Statement of Corporate Objectives

B. Corporate Priorities of the Budget Year 1
C. Major Programs and Projects fl
D. Linkages of Corporate Priorities/Programs/Projects with the * 1

National/Sectoral Development Plan, The Medium-Term Philippine
Development Plan (MTPDP), National Policy Pronouncements, and
GOCC/GFI Sector Master Plans and Roadmaps.
II. Performance Measurement

■ '1
*
PART A: FINANCIAL PERFORMANCE ■iH.,
* nj.
Program/Sub-Program - present in detail by cost structure, i.e., GAS, Jl
STO and Operations, down to each P/A/P as presented in the annual GAA
■ t
for GOCCs/GFIs covered by the national government budgetary support.
GCG Strategic Measures and GAA Performance Information -

contains the Success Indicator Descriptions consistent with the PES Form 2
submitted to the GCG and the Performance Information presented in the
Current Year GAA.
Budget Allocation - FY 2023 actual and cost provision proposed for FY

2024 and FY 2025 corresponding to each P/A/P attributed to Program or
Sub-program/indicators.
Note: Expenses/output arising from additional releases to GOCCs/GFIs on top of their

budget shall be properly disclosed.
22
PART B: PHYSICAL PERFORMANCE
This portion shall contain a presentation of the strategic measures and
performance information of GOCCs/GFIs consistent with:
a. The Performance Scorecard (PES Form No. 2) submitted to the
Governance Commission for Government-Owned and/or Controlled
Corporations (GCG) for GOCCs under the GCG per RA No. 10149; AND
b. Approved PREX-C Performance Information portion found in Volume II
of the annual General Appropriations Act (GAA) for GOCCs under the
jurisdiction of the DBM.
23
--I
*
4
DBM Form No. 701

PROPOSED PROVISIONS
Fiscal Year 2025
DEPARTMENT:
CORPORATION:
AUTHORIZED FOR FY 2024
PROPOSAL FOR 2025 JUSTIFICATION
(Provision in the 2024 GAA)
GENERAL PROVISIONS
SPECIAL PROVISIONS
Notes:
1/ Proposed changes in bold
2/ Proposal should include both legal and practical consideration/justifications
Prepared by: Approved by:
Responsible Officer Date Head of the Corporation Date
•\ ■
'.. 'F'
DBM Form No. 701
PROPOSED PROVISIONS
INSTRUCTIONS
Indicate the name of the Department and the Corporation. "Department" refers to the
Department to which the Corporation is attached.
Column 1: Indicate the special/general provisions authorized under the FY 2024

GAA.
4
Column 2: State either new and/or proposed amendments/ modification to the "
existing provision(s), indicate "for retention" if provision is still
necessary, and "for deletion" if provision is no longer necessary for
FY 2024.
Column 3: Cite the legal basis/justification of the proposed new/modified

provisions.
Reminders in Filling Out DBM Form 701 (Special and General Provisions)
1. Kindly check the current year's special/general provisions (SP/GP) both in NEP
and GAA (e.g. for FY 2025 Budget preparation, check FY 2024 NEP/GAA SPs
and GPs).
2. If there are no proposed changes in the SPs/GPs entirely, just input in the
justification portion of DBM Form 701 - "For retention of this special
provision". Also, indicate the existing/updated guidelines for the subject
SP/GPs, if any, and any updates the Corporation wishes to indicate, but kindly
ensure that the same is encoded under the justification of DBM Form 701.
3. If the NEP and GAA versions are the same and only the amount will be changed,
indicate in the justification portion of DBM Form 701- "For retention of this
special provision/' subject to the change in amount, to wit: (then type in
the amount proposed).
If NEP and GAA versions are different, input one of the following in the
Justification portion of DBM Form 701:
4. If the current year's NEP version is preferred - ’’For retention of the NEP
version. "Kindly indicate the reason for the same.
5. If the current year's GAA version is preferred - "For adoption of the GAA
version. "Kindly indicate the reason for the same.
25
Proposal for New SPs/GPs or Amendment/Revision of SPs/GPs:
6. If there is a proposal to change the wording, purpose, legal basis, or conditions

in the special provision, kindly ensure the following:
a) Properly fill out the DBM Form 701, as shown in the image below, by
indicating the current year's SP/GPs then the next column, your proposal,
indicating correction marks and kindly boldface and capitalize
insertions/changes, e.g.:
AUTHORIZED FOR PROPOSAL FOR

_________ (Current Year)________ __________ (Budget Year)
1. Tax Refund. The amount of Thirty X. Tax Refund, xxx
Nine Million One Hundred Thousand
Pesos (P39,100,000) shall be used for XXX
the following:
( c) Refund of input taxes attributable to
XXX zero-rated or effectively zero-rated
transactions under Section 112 of RA
.( c) refund of input taxes attributable to No. 8424, as amended; and
zero-rated or effectively zero-rated
transactions under Section 112 of RA (d) Monetization of VAT TCCs as part of
No. 8424, as amended; and the TCC Monetization Program; AND
(d) Monetization of VAT TCCs as part ( e) REFUND OF OVER REMITTED

of the TCC Monetization Program. PRIOR YEARS' TAX COLLECTION.
b) In the Justification portion of DBM Form 701, kindly indicate the following:
• A brief historical background for the proposal, e.g. the existing

procedure being done, financial/physical accomplishments;
• The legal basis for the proposal, e.g. law, EO, guidelines, or
issuances, etc.
• Other information that may be helpful in the evaluation of the
proposed new SP/GPs or amendment/revision of SP/GPs.
7. Proposals for inclusion of SP authorizing the use of Prior Year Subsidies shall
be supported with the latest Statement of Allotment, Obligation, Utilization and
Balances, as reconciled by the GOCC/GFI with the report from the Bureau of
the Treasury, for the subject prior year subsidies.
26
DBM Form No. 702
STATEMENT OF FINANCIAL POSITION (SFP)
INSTRUCTIONS
1. A GOCC/GFI shall present the SFP in a comparative and condensed format.^
2. A GOCC/GFI shall present current and noncurrent assets and current and non-
current liabilities as separate classifications on the face of its SFP.^
3. Amounts should be presented in thousand pesos. Disclose any change in

accounting method and/or explain any substantial change in the amount from
one period to the next under the Remarks column.
4. Reflect the following:

• the audited balances of the second prior year (2 years before the current
• certified actual balances for the first prior year immediately preceding the
current year; and
• estimated balances for the current year; and
• the proposed balances for the budget year
5. Breakdown and other relevant information i.e., investments, receivables,

accounts payable under exchange transactions, borrowings and statement of
changes in net assets/equity shall be disclosed in the Notes to Financial
Statements as prescribed under Corporate Budget Circular (CBC) No.
24.
Note: Refer to the Government Accounting Manual for National

Government Agencies, Volume III, the Revised Chart of Accounts
(Updated 2015} for the proper classification of accounts
* Adopted from Sec. 15, Chapter 19 of the Government Accounting Manual (GAM)
Adopted from Sec. 16, Chapter 19 of the GAM
27
t
DBM Form Uo.703

STATEMENT OF FINANCIAL PERFORMANCE
(In Thousand Pesos)
0 Corporate Operating Budget
Budget Proposal
DEPARTMENT:
CORPORATION:
FY FY CY FY
PARTICULARS Remarks
(Audited) (Audited/Actuai) (Current Program) V (Proposed)2/
I. REVENUES (Comparative details disclosed in Notes to FS)
Operating Revenues
Other Revenues (Specify major items)
II. COST OF SALES (Comparative details disclosed in Notes to FS)
III. GROSS PROFIT
IV. CURRENT OPERATING EXPENSES

Personnel Services (OBM Forms 703-A)
Maintenance and Other Operating Expenses (OBM Form 703-B)
Others
Non-cash Expenses
Depreciation of fixed assets
co Amortization of deferred assets
Other non-cash expenses
V. Surpliis/(Deficii) from Current Operations
VI. INCOME TAX
VII. NET PROFIT/(LOSS) AFTER INCOME TAX

Add/Deduct:
Financial Assistance/Subsidy
Sale of Assets
Gains
Losses
/III. SURPLUS/(OEFICIT) FOR THE PERIOD
V Perora to itnr^dixe y»ar precedng the COG^Sudget Proposji. to abused wdt xbd anwo.
y F« COS sutmuicn papo$e$. amooss shjfl be to GAA level fer those wdt NG Sibsdes. For Sudget Proposol purposes, vrcuns shal be s pojeced.
CERTIFICATION
We are confirming our commitment in implementing measures to enhance our corporate revenue generation and cost recovery to keep our financial viability as a government corporation, in compliance wth
Section 5(b) of the Presidential Decree No. 2029, s. 1986, and Section 1 of Executive Order No. 159. s. 1994, among others.
Prepared By: Approved by:
Responsible Officer Date Responsible Officer Date Head of Corporation Date

DBM Form No. 703
STATEMENT OF FINANCIAL PERFORMANCE
INSTRUCTIONS
Indicate the name of the Department and the Corporation. "Department" refers to the Department
to which the Corporation is attached.
1. The Statement of Financial Performance shall be prepared in a comparative detailed format.^
2. Amounts should be presented in thousand pesos. Disclose the accounting system (whether
cash or accrual basis) used in preparing the form. This must be consistent with the one used in
preparing the Statement of Financial Position (DBM Form No. 702).
3. Breakdown and other relevant information, i.e. sub-classification of revenue and cost of sales,
when applicable, shall be disclosed in the Notes to Financial Statements as prescribed
under CBC No. 24.
4. Reflect the following:

• audited balances of the second prior year (2 years before the current year);
• certified actual balances for the first prior year (year immediately preceding the current
year);
• estimated balances for the current year; and
• the projection for the budget year.
5. Assumptions used in determining the current year estimate and budget year proposal and
substantial change in an amount from one period to another shall be disclosed in the
"Remarks" column.
DEFINITION OF TERMS:
Operating Revenues/Sales. Revenues generated in exchange for goods sold, direct services
rendered or those arising from the exercise of the regular functions of the corporation.
Other Revenues. All other income of the corporation resulting from the conduct of its regular
operations not elsewhere classified (e.g. Interest Income, Dividend, etc. Disclose interest
earned on savings and time deposits). Large amounts included in this item must be disclosed.
Include in this item the Interest Income derived from National Government budgetary support.
Cost of Sales. The expenses incurred by the corporation in the manufacture and trading of
goods. This item is applicable to trading and manufacturing corporations. For the rest of the
corporations, leave this row blank.
Gross Profit. The difference between operating revenues/sales and cost of sales.
Current Operating Expenses. The costs incurred in the exercise of the regular functions of
the corporation.
Personnel Services (PS). Refers to salaries, wages, and other compensation (e.g..
Section 18.b Chapter 19 of the GAM
29
allowances of permanent, temporary, contractual, and casual employees of the corporation).
The total PS shall correspond to the total PS indicated under DBM Form No. 703.
Maintenance and Other Operating Expenses (MOOE), All other expenses of the
corporation resulting from the conduct of operations other than personnel services. This must
tally with DBM Form No. 703-B.
Others. All other expenses of the corporation, exclusive of corporate income tax but inclusive
of expenses not elsewhere classified, which are also incurred by the corporation in the conduct
of its regular operations (e.g.. Non-cash Expenses, etc.)
Surplus/(Deficit) from Current Operations. The difference between gross profit and total
expenses before the payment of corporate income tax.
Income Tax. Refers to tax levied on the taxable net income of the corporation during each
taxable year determined in accordance with the schedule prescribed by the Bureau of Internal
Revenue. If subsidized by the National Government, disclose the request for tax subsidy under
the "Remarks" column.
Net Profit/(Loss) After Corporate Income.Tax. The difference between net profit (loss)
before income tax and the provision for income tax. Disclose whether it is subject to Income
Tax. If not, indicate legal basis and justification.
Financial Assistance/Subsidies. These include the following;

Subsidy from National Government - Includes Subsidy for Operations, Subsidy for
«?
Programs/Projects, other forms of subsidy, and shares from special laws
Equity Contributions
Subsidy from Other NGAs
«
Assistance from Local Government Units
Assistance from other GOCCs
Subsidy from Other Funds
Certification. Pertains to the commitment of the Corporation in implementing measures
to enhance its corporate revenue generation and cost recovery to keep its financial
viability as a government corporation in compliance with Section 5(b) of the Presidential Decree
No. 2029, s. 1986, and Section 1 of Executive Order No. 159, s. 1994, among others.
30
03U Fora Ho. 7O3-&
SUMMARY OF PERSO.HHEL SERVICES
L\-ncwiS!R TivawaRo Pe»: ErceciMinifrerotPeilticf.j)
OeparOient:
Corporation:
FY FY CY^__ FY
PARTICULARS (Ctsren! fYooram]
(AueRsOl (Audnoa'AotusO (PrcooMOlsr
1/
STAFnXO 8UUM&RY
Board ot Dtreotorc/Trvcteee
Humoer Poizeni
TOTAL AUTHORIZED POSmOHS

Perrnaneftt
Humeer e! PoaSor.:
Contraetual
Murr.Ber ot PoiSons <h
A-!>aua:
Caeual
HuRXer ot Fceser.i
ATWUal
Total Hurr.tMr ot PoetStooc

Total Anweint
SUMMARY OF S ALAA2£Si'WAOE8 AHO OTHER COUPEHSAT1ON

SalarloA and Wapeo
• Permanem
• Conractual
• Coxul *
Startdare AOoa'anoea
• Peraorftil EcorxcMc Relet Alftuarxe
• Unterm/ClaLTia: A'idwarxe
• KO'/sarBenui
• Yea«Ba Bonu:
• Ca»On
Spe«no Purpoeo AOowanoeo

• Rt9r:£e.T13t3Cfi3nOTr3n;portadx.A'Jo«.ar>»:
• Per Diem 1
• Hororarta
■ OXtUttfê Alooance
• MiysSa.TORtereROah
• Caarterj A’âante
• TeCM^ AToaanw
• Cusfttfi .A'ijaante
• L*dd addMnal aloaafttei-ter.ete;. i: any
bueeiUrec aM Beostltc i"

ai
• Aviverpar/Eenwj
• RXeAlee-ance
• CMOrer.'s AECM-anee
• kteaiAtcuance
’ UeolutOerAalZOwcaiSereSft
• Lonswi^rPay
• LSdS aoaser.al Atocaticetitenetb, t: any)
Fixed Expenoitureo
• ETOV/eti Conp»:aUn Ixurarxe PrwrJum
• PaêiG Corjtfxon
’ PnlKaaJtn CofiTOatKr.
• ReOfemein ano Lift *t:ur?Ms Prewlym
Separatlonand Retlresteni BeneRtc

• TerrnftaJ Leave
• RetiremerJ ©tntfa:
• LAOoaccJtcnalateu-ancK^teRefiti.ifafiy)
ORAHO TOTAL
WPae«atenimaek<e>i«<r[veca2roOaCOOIiw3pB(PKc«iAtob« MtxrOu
2) Fei CCB ujOmain A/psao. •RORP thd ta <One>e wCA* Loaifcr e«M wn HQ &dn>drt
fa BuopA fteonal prrtan, a&id b« «» rr^KtxS
Prepared by- Appnrred by
Pereoanel OtOaet Head ot Corporation

Oa; Oaa;
31
DBM Form No. 703 - A
SUMMARY OF PERSONNEL SERVICES
INSTRUCTIONS
This Form shall summarize the personnel service (PS) requirements of the GOCC/GFI,
presented in comparative years. Amounts should be presented in thousand pesos
except for the number of positions.
Under the Staffing Summary, indicate the total number of positions per employment
status and the equivalent total PS requirements during the particular period.
DEFINITION OF ITEMS:
1. Number of Positions. The total number of positions filled/to be filled out of

the total authorized positions.
2. Amount. The total PS requirements of Board of Directors/Trustees, permanent,

contractual, and casual positions.
For GOCCs/GFIs under the coverage of the GCG, the PS shall be

subject to adjustment in accordance with the Compensation and
Position Classification System (CPCS) approved under Executive
Order No. 150 dated October 1, 2021, and the implementing
guidelines to be issued by the GCG and such other circulars
pertaining to PS benefits that may be issued thereon.
32
DBM Form No. 703-B
DETAILS OF MAINTENANCE AND OTHER OPERATING EXPENSES
(In Thousand Pesos)
DEPARTMENT:
CORPORATION:
PARTICULARS FY FY CY FY Remarks
(Audited) (Audited/Actual) (Current Program ) 1/ (Proposed)2/
Travelling Expenses
Training and Scholarsrtp Expenses
Supplies and Materials Expenses
Utility Expenses
Comnxinicalion Expenses
Av/ards/Rewards and Prizes
Survey, Research, E>ploration and DeYt Expenses
Generation, Transm'ssion and Distribution Expenses
Coiiidential and Intelligence Expenses
Extraordinary and Miscellaneous Expenses
Professional Services
General Ser\ices
Repairs and Maintenance
Financial Assistance/Subsidy
Taxes, Insurance Premims and Other Fees
Labor and Wages
Other Maintenance and Operating Expenses
Disclose breakdown here
Financial Expenses
Management SupervisbiY Trusteeship Fees
Interest Expenses
Guarantee Fees
Bank Charges
Comrritment Fees
Other Financial Charges_______________________
Total MOOE
1/ Pertains Io imrrediae year preceding the CCB'Budget Proposal, to be adjusted wlh actual amounts.
21 For COB subnisson purposes, amounts shsdl be adjusted to GAALevel for those vvith MG Subsidies. For Budget Proposal purposes, arrounts shall be as projected.
Prepared by; Approved ifj:
Responsible Officer Date Head of Corporation Date

DBM Form No. 703 - B
DETAILS OF MAINTENANCE AND OTHER OPERATING EXPENSES
INSTRUCTIONS
1. This Form shall present the details of the Maintenance and Other Operating Expenses
(MOOE) in four (4) comparative years.
2. Provide a sub-object of expenditures for each MOOE item, if necessary, i.e.. Local and
Foreign Travel for Traveling Expenses, Electricity and Water for Utility Expenses, etc.
3. Rates for Extraordinary and Miscellaneous Expenses shall be subject to the relevant
provisions in the General Provisions in the annual GAA.
4. Cite the legal basis for the provision of Confidential and Intelligence Expenses as well as the
legal basis for mandatory MOOE items associated with the NG Support, under
"Remarks" column.
5. For Taxes, Insurance Premiums, and Other Fees, disclose payments made on items to be
capitalized and tax payments to be refunded. This amount need not be equal to the tax
subsidy received from the National Government.
6. Disclose the breakdown of Other MOOE in the table.
7. Present justification for marked increases or decreases other than inflationary increases
under the "Remarks" column. If applicable, specify the expansion of existing
programs/activities or the undertaking of new programs/activities and projects.
34
DBM Form No. 703-C
CAPITAL OUTLAYS OBUGATIONS, BY OBJECT OF EXPENDITURES
{InThousand Pesos)
Department:
Corporation:
FY FY CY FY
Particulars 1/ Remarks
(Audited) (Audited/Actual) (Current Program) 2/ (Proposed) 3/
Investment Outlay
Loans Outlay
Investment Property Outlay
Land and Land Improvements Outlay
Infrastructure Outlay
Buildings and Other Structures
Machinery and Equipment Outlay
Transportation Equipment
Furniture and Fixtures, Books Outlay
Biological Assets Outlay
Intangible Assets Outlay
TOTAL
1/ Use separate sheet for the details of programs/projects for eac h oOject of expenditures
2/ Pertains to immediate year preceding the CCe/Budget Proposal, to be adjusted with actual amounts.
3/ For COB submission purposes, amounts shall be adjusted to GAA Level for those with NG Subsidies.
For Budget Proposal purposes, amounts shaQ be as projected.
Responsible Officer Date Head of Corporation Date

DBM Form No. 703 - C
CAPITAL OUTLAYS OBLIGATIONS, BY OBJECT OF EXPENDITURES
INSTRUCTIONS
This Form shall present the details of the Capital Outlays in four (4) comparative years.
• Use a separate sheet to list down the infrastructure and non-infrastructure projects of the
corporation i.e. construction of roads, ports, hospitals, irrigation facilities and other similar
physical structures and facilities under each object of expenditure enumerated in Form 703-
C.
• Provide details on the cost, timetable, financing (corporate funds, borrowings or

subsidy/equity from the national government) and other features of the projects.
This form should be supported with the Annual Procurement Plan submitted by the GOCC to the
Government Procurement Policy Board - Technical Support Office, pursuant to Section 7.3.5 of the
2016 Revised Implementing Rule and Regulations of Republic Act No. 9184.
DEFINITION OF TERMS
1. Investments Outlay. Investment outlay shall refer to stocks, bonds or other marketable
securities of government and private corporations, associations or political subdivisions.
2. Loans Outlay. This account includes loans and capital advances made to persons,
government and private corporations, revolving funds, associations and political subdivisions.
3. Investment Property Outlay. This account includes land, buildings and other structures
held for rent/lease or held for capital appreciation or both.
4. Land and Land Improvements Outlay. This account includes the cost of rights to land
ownership and the improvements to land which are permanent or capital in nature. This includes
runways and taxiways; railways; and electrification, power and energy structures.
5. Infrastructure Outlay and Buildings and Structures. The budget proposals for the
rehabilitation or construction of government buildings/office space and other infrastructure
projects shall adopt the most recent standard cost from the DPWH for infrastructure, i.e.,
factoring resiliency to withstand natural calamities and other prerequisites as enumerated in DBM
Form 709 (Proposal for New or Expanded Locally-Funded Project). For guidance on matters
other than the standard cost, it shall be subject to the most recent guidelines issued
by the DBM and DPWH.
6. Machinery and Equipment Outlay. This account shall include the value or cost of
machinery; agricultural, fishery, and forestry equipment; airport equipment; communication;
construction and heavy equipment; firefighting equipment and accessories; hospital equipment;
medical, dental, and laboratory equipment; military and police equipment; sports equipment;
technical and scientific equipment; office equipment and all other equipment.
36
7. Transportation Equipment Outlay. This account shall include motor vehicles, trains,
aircraft and aircraft ground equipment, watercraft, and other transportation equipment.
The following guidelines shall be considered in the determination of transportation equipment

requirements of GOCCs/GFIs:
a) The acquisition by government offices of luxury vehicles shall continue to be prohibited.

Proposals for the purchase of motor vehicles shall be subject to pertinent provisions of the
General Appropriations Act, Budget Circular No. 2022-1, AO No. 14 s. 2018, OP
Memorandum Circular No. 9, s. 2010, and such other guidelines that may be issued by the
DBM.
b) The agency shall determine and dispose of its unserviceable motor vehicles subject to
pertinent COA rules and regulations. No amount shall be provided for the repair of
unserviceable vehicles.
c) Motor vehicles that should be replaced shall likewise be determined in accordance with the
provisions of BC No. 2022-1 and such other guidelines that may be issued by the DBM.
d) Based on the motor vehicle re-fleeting program, it is understood that old motor vehicles
should have been disposed before the purchase of new units, pursuant to item 4.6.1 of
Circular Letter No. 2008-9.
8. Furniture, Fixtures, and Books Outlay. This account includes furniture, fixtures and books
whose serviceable life is more than one year which adds to the assets of the government.
9. ICT Equipment Outlay. ICT-related proposals shall be included in the agency's ISSP which
shall be prepared subject to compliance with the rules and regulations issued by the DICT and
such other guidelines to be issued for the purpose.
10. Biological Assets Outlay. This refers to the:
a) cost or appraised value of upland, marshland or swampland reforestation projects

completed or acquired;
b) cost of investments in breeding animals including their offspring, animal dispersal
program, and fruit or non-fruit bearing perennial crops; and
c) cost or appraised value or other appropriate value of work animals that add to the assets
of the government.
11. Intangible Assets Outlay. This account includes identifiable non-monetary assets without
physical substance such as patents/copyrights, trademarks, computer software, and franchises.
37
OBM Form Ko. 704
STATH.IEMT OF CASH aOWS
(Lt Tforjisea PeoK)
n Corpcrats Obondlno Budget

n Budgst PtobocaJ
OEPARTMENT:
CORPORATION:
PARTKULARO FY FY CY FY
(AiMtted) (AuditedfAetaaf) (Current PfOdram) » (Propoced) 2!
I. Cash Oovi froot operaunc oottvttteo

tnAowo:
Ca:A dsnefacsd tw operabon:
CoHecen of rceelvabb:
Receipt of pdfemmer.' :uS:>9y
CtAsr inrott’:
OutnaAp;
Payment tor Miaz'e:
P3yn«y« » susorer:
Ila
Payment of laxs:
OStsr vjSoiiz
Nd ouA provMoa by (ueoo tn)openiino oothtilec
a. CaxA aow€ boot tnveaiino adh'aiec

inflowc:
Pfoceea: Jam Gals d 6ive::?itnj P.xktQ
Proeee«: sons pa^sMlsposai b! PPS
Proceed: Pom taaCyreoRsirR d Cnvedniep.s
CasAsecstactrom ;aito:oyiera::eB
Offttf irtfiotti
OuBldMc;
Purchste of proceny. dan: and eautoment
PufCAa:e of swe:tme« Praoerv
PurtAasc of tsardtfe AspsB
OUterouS'owi
Nd oocA pra>*M90 by {vced In) LfvecUno ootMUsc
in. CacA Sows rroen SnanoLtQ aeU*/Ubc

mnowo:
Receipt dc«'<ensmer.: eo^tv
Proceed: som t-aaa:. banc:, nete:
OLAsr IaTiOu':
Outllo'Mo:
Payment of LcftT-Tenr. UaCtltte:
Redtmwon oZ 5«:Z3efsd: Uausd
Paymeftt of Iniereu £ipen:e
Otvtdtnd pay-meRt
WnsrwziKMz
Nd oasA provWftC tty fjcoe lA) ruuRctAo aettvraae
Nd tncroAoandeereaco) tn oa&n and oacA eeuivaisdc
EITecB d EtcAanffs Rats cAancea on Cau*. ana

ca:A eduA'aiens
Ca:A sea ca:A eq'Jvalsr.c. oegtAnno o? tne year
CasA ana azti e«A'aI:r.&. £.-d c: y:ar
V PodttB taifmedtfa ywt pi«oadno (u CCeSwaptC PrapowM, to to «bAtal WA tcca «Kurc».

ar FetCOBtUiHtaOn si/sc»<a. emxnbtftdbeatuUdtoCAAtffMf lu$ttB»wbtf43SUt^c*.
fa Bulgal ftxcad oupacK emvo *Ad t« a eiqtaad
Prepaxoa bn Approved by;
RecpoRCtble OttlwT Oate Head ot Cd/poratloA Date
38
DBM Form No. 704
STATEMENT OF CASH FLOWS
INSTRUCTIONS !'!•
This Form shall present the cash flows from operating, investing and financing activities in a manner
most appropriate to its mandate/functions for the period indicated.
DEFINITION OF TERMS:
Cash flow from operating activities. These are primarily derived from the principal revenue
producing activities of the entity. They generally result from the transactions and other events j:e
that enter into the determination of profit or loss. ’ P
Examples: cash receipts from the sale ofgoods and the rendering of services; cash payments
to suppliers for goods and services; cash payments to and on behalf of employees,
etc. ' .
Cash flow from investing activities. Represent transactions and events that affect long-term
assets.
Examples: cash payments to acquire property, plant, and equipment; cash receipts from the
sale ofproperty, plant, and equipment.
Cash flow from financing activities. Represent transactions and events that affect long-term .
liabilities and equity.
Examples: cash proceeds from loans/bonds/notes; cash repayments of amounts borrowed;

■ dividend payments.
Cash and cash equivalents, beginning of the year. The outstanding balance of cash and
cash equivalents at the beginning of the year.
Cash and cash equivalents, end of the year. Balance after adding the net increase/decrease
in cash and cash equivalents to the beginning balance.
39
DBM Form No. 705
COMPARATIVE SOURCES OF FUNDS
(ti Thousand Pesos)
a CorpcratB Operating Buoget

□ Budget Proposal
I DEPARTMENT:
CORPORATION:
PARTICULARS FY FY CY FY
(Audited) (Audited/Actual) (Current Proflram ) (Proposed) 2J
Corporate Funds
a. Corporate Income
b. Equity Contribution
b. I Private
b.2 Other Ooverrunent Enuy except the Nationa) Govenvner.t
c. Others (Specify)
Subtotal: Corroraie Funds
National Government Support

a. New General Appropriations
Programmed
1. Subsidy
Operating
Current Year
Prior Year 3/
Programs/Projects
Currery Year
Prior Year
2. Equity
Ji. Subtotal
o a.2 Unprogrammed Fund
t. Loans Ouday
2. StocX Dividend
3. Others (specify)
Subweal
Subtotal: Nei,v General Approp-nations
b. Automatic Appropriations
b.t Net Lerxling
b.2 Tax Subsidy
b.3 Comersion
b.4 Special AocouTit in Che Gerreral Fund (specify)
b.5 Others (speedy)
Subtotal: Automatic Appropriadons
Borrowings
a. Foreign Loan Ava iment
b. Domestic Loarts
c. Otfiers
Subtotal; Borrowings
Total Sources
u
s
Prepared by: Approved by;
AcoountanUSudget Officer/Plartning Officer Date Head of Corporation Date
36
DBM Form No. 705
COMPARATIVE SOURCES OF FUNDS
INSTRUCTIONS
This Form shall present the comparative sources of funds for the period as indicated
identifying the sources of funds that would accrue to the GOCC/GFI.
A. Corporate Funds. These include the following:
a. Corporate Income - operating receipts earned during the year in the course
of business transactions.
b. Equity Contribution from the Private Sector and Other Government

Entity - capital contribution by the interested public and other government
entities as mandated by the respective charters of concerned GOCCs/GFIs.
c. Others - receipts from other sources not included above.
B. National Government Support. These represent budgetary support of the

National Government to the GOCCs/GFIs in the form of equity contribution,
subsidy, and other fund support released from the General Fund.
a. Subsidy. Amount granted to GOCCs/GFIs from the General Fund to cover

(a) operational expenses; and (b) GOCC/GFI programs/projects. The Subsidy
shall be further classified into Prior Years and Current Year.
b. Equity. Represents the payment for the capitalization of a GOCC/GFI with

the NG as subscriber to be used for the implementation of corporate projects
as mandated by the corporation's charter.
c. Loans Outlay. Loans availed by the NG and relent to GOCCs/GFIs.

d. Stock Dividend. Refers to the distribution of stocks to the NG as a
stockholder of a GOCC/GFI in proportion to the number of shares it holds.
e. Net Lending. Advances by the NG for the servicing of government-

guaranteed corporate debt during the year, net of repayment on such
advances. Includes loans outlay proceeds from program loans relent to
GOCCs/GFIs.
f. Tax Subsidy. Refers to the subsidy given to GOCCs/GFIs to cover payment
41
of taxes not supported by corporate revenues per Fiscal Incentives Review
Board (FIRB) resolution on account of E.O. No. 93.
g. Conversion. Advances made by BTr to a GOCC/GFI converted/proposed to

be converted into subsidy and/or equity pursuant to the provisions of A.O.
No. 10 dated August 14, 1998.
h. Special Account in the General Fund. Special funds earmarked or

administered by departments, bureaus, offices, and agencies of the national
government, including GOCCs/GFIs, authorized in order to facilitate the
funding of priority activities of the government.
i. Others. Budgetary support not falling under any of the aforementioned

categories.
C. Borrowings. This will include direct foreign and domestic loan availments, Ioans
relent by the national government to the GOCCs/GRs, and all other forms of
loans extended by non-government financial institutions or individuals.
D. The corporate funds under DBM Form No. 705 should be equal to or
greater than the corporate funds indicated under DBM Form No. 706.
■ ■?
42
DBM Form No. 706
USES OF FUNDS SY EXPENSE CLASS
(In Thoo and F^ cs)
I iFV (AuJiStflJ iFY (Auefitea'-Laual); ( I CY (CUrert Ptcct gnO V; f i ?Y {Pfoccsod!
O Corpaau Op* rating ewgel
□ Buogat Piopaa)
DEPARTMENT;
CORPORATION;
NATIONAL GOVERNMBTT SUBSOYZ
CCRPORATE BORROWINGS CORPORATE FUNDS GRANO TOTAL
UACSCODE COST STRXTURB EOUITYANDZOR LOANSOUTLAY
ACTIVITY/PROJECT PS I MOPE I CO I total' PS I MOPE I co I TOTAL PS I MOPE I co I TOTAL PS I Mooe I co I TOTAL
TER T
A. COST STRUCTURE
I. General Adninrstration and Support
a. Aeaviy 1
b. Ftgeci 1
Tasi, A.t.
(L Si^port toOperaticns
a Acsviy l
0 Prqtct 1
T(tsl,A.II.
IIL Operations
O'OPn'caO’cnal PiAcon e 1
PPO&IAM 1
SL&PPOGPAU1
a. Acrivry f
O 1
Ct-gsrj:i6aial Purcom e n
PRQ<3PMIn
SU&PP.CX3PAhln
a Activiy n
A Pt'qecin
ruai.A.III.
Sub-toUL Tier t______________________

TER.Z,.-.......... .. .
A COST STRUCTURE
I. Genera) Adirwistraion and Support
a Ac^^ I
k PKie^!}
Tan, A.I.
Il Sippoit IO Operations
a /^svAy 1
k Prtjiei I
raj, A.ii.
lA Operations
O-genrras'enal Outcoa e t
PaDORMI f
Sie-PRCGPAU 1
a AerM:'/ t
0 PrtfKt t
Crgsnza!ia»i Oitfcon e n
PPOOPAMn
Sue-PPOGfkiUn
A Aet^/ n
b ^bjeel n
Ta^. A.III.
Sub-total Tier 2
TOTAL
V f‘vrjn D«nvrv^3Q iwr 7credr^ t« CCB'&rape rôija», B tc aûsxrt 'VtiBaaT dux/g.

2* r<r CCO B G\A Br txne wBttG r<r Buc^: snxrcs tfot tio x
Prepared by: Appro-.Qd by;
RMoonsible Officer Oote Responsbie Officer Date Head c< Corporation Date
DBM Form No. 706
USES OF FUNDS BY EXPENSE CLASS
INSTRUCTIONS
This Form shall present the budgetary requirements by Program/Activity/Project

(P/A/P) statement. Accomplish the form separately for each year: prior year, current
year, budget year and etc. Mark "X" as the appropriate year.
Reflect the following:

(1) certified actual expenses for the prior year (year immediately preceding the
current year);
(2) estimated expenses for the current year;
(3) the proposed expenses for the budget year; and
(4) the forecasts for 2 succeeding years.
General Administration and Support (GAS) and Support to Operations (STO) shall not
be distributed among the Programs or Sub-programs and shall be presented under a
separate row. Operations and Projects shall be distributed by Program or Sub
program.
The approved P/A/P structures pursuant to Program Expenditure Classification

(PREXC), including the corresponding costs, shall be used.
DESCRIPTION OF ITEMS:
1. UACS/PAP Code - Indicate under this column the appropriate PREXC UACS
code of each P/A/P statement under GAS, STO and Operations. The PREXC UACS
code shall be the enhanced 15-digit code pursuant to COA- DBM-DOF Joint
Circular No. 1 dated August 11, 2017.
2. PAP Component Statement- Entries under this column shall reflect the
statements corresponding to the codes indicated in Column 1. The P/A/P
statements (including projects) shall be broken down into component activities.
These component activities shall also be reflected under each P/A/P statement.
3. Budget Cost Allocation - Attribute the personnel services, maintenance and

other operating expenses and capital outlay requirements of each P/A/P
component activity.
4. NG Equity/Subsidy and/or Loans Outlay. Indicate the proposed

expenditures to be funded by the National Government in the form of
equity/subsidy and/or loans outlay.
44
4 I
5. Corporate Borrowings. Include proposed expenditures for programs or

projects to be funded from direct corporate borrowings whether from a domestic
or foreign source.
6. Corporate Funds. This covers proposed expenditures for programs and

projects to be funded from corporate operating receipts, beginning cash
balances, and other internally generated fund sources.
The corporate funds indicated under DBM Form No. 706 should be equal to
or less than the corporate funds provided under DBM Form No. 705.
Note: The P/A/P attribution in this form shall be consistently applied with
the allocation of cost in Form 700. Notwithstanding the budget cost
allocation indicated herein, under the National Expenditure Program
(NEP), NG subsidy support shall be reflected under MOOE while NG
equity support shall be reflected under CO, except those that are
funded through SAGF.
45
DBM Form No. 707
SUMMARY OF OUTYEAR REQUIREMENTS

(In Thousand Pesos)
DEPARTMENT;
CORPORATION:
Multi-Year Requirements For FY 2025 Proposals
Cost Structure/ 2026 2027
UACS
Activities/
Code(s) Tier 1 impact of 2025 Tier 2 Tierl Impact of 2025 Tier 2
Projects TOTAL 2026 TOTAL 2027
Requrernents R«quranenls
(1)
(2) PS MOOE CO TOTAL PS MOOE CO TOTAL
(11)
PS MOOE CO TOTAL PS MOOE FinEx CO TOTAL
(21)
(3) (4) (5) (6) (7) (8) (9) (10) (12) (13) (14) (15) (16) (17) (18) (19) (20)
6 RAND TOTAL
Prepared By: Certified Correct By: Date:
Budget Officer Planning Officer Chief Accountant OA'flMOfiEAR

DBM Form No. 707
SUMMARY OF OUTYEAR REQUIREMENTS
INSTRUCTIONS
Indicate the name of the Department and. the Corporation. "Department" refers to the Department
This form shall be prepared by GOCC/GFI, by appropriation source (New GAA and Automatic
Appropriations) to cover Multi-year Requirements for FY 2024 Proposals. This shall reflect the Tier
1 levels based on Forward Estimates (FEs) prepared in coordination with the DBM and the effect
of the FY 2025 Tier 2 proposals on the out-years. It shall reflect the funding requirements for FYs
2026 or 2027. Likewise, P/A/Ps funded from Special Purpose Funds (SPFs), such as the National
Disaster Risk Reduction and Management Fund, Contingent Fund, Pension and Gratuity Fund, etc.,
shall be separately presented from those funded under the regular agency budget. This DBM Form
shall reflect the budget proposal of the Central Office and all operating units (to be specifically
shown therein) of the GOCC/GFIs.
Column 1: Shall reflect the following information:
• Programs to which the Program/Activity/Project (P/A/P) shall be attributed.
• Program/Activity/Project (P/A/P), the specific P/A/Ps, locally-funded project and

foreign-assisted project, the recipient regions and, whenever possible, the province or
municipality. P/A/Ps shall follow the general categorization in the General Appropriation Act
as follows: General Administration and Support, Support to Operations, and Operations.
All P/A/Ps with regional components shall be reflected by region after the
program/activity/project statement.
For centrally managed programs/projects (e.g., farm-to-market roads, irrigation projects)

implemented at the regional level, indicate the detailed breakdown of the regional
component.
Column 2: UACS Code - Indicate under this column the appropriate PREXC UACS
code of each P/A/P statement under GAS, STO and Operations. The PREXC
UACS code shall be the enhanced 15-digit code pursuant to COA-DBM-
DOF Joint Circular No. 1 dated August 11, 2017.
Columns 3 to 6: Indicate the 2026 Tier 1 funding requirements in thousands for each major
expense category. This is based on the Forward Estimates (FEs) as agreed
upon between DBM and the GOCCs/GFIs.
Columns 7 to 10: Indicate the impact of the 2025 Tier 2 proposals on the 2026 funding
requirements. Indicate the amounts in thousands for each major expense
category
47
Column 11: Indicate the total funding requirements for 2026 in thousands.
Columns 12 to 15: Indicate the 2027 Tier 1 funding requirements in thousands for each major
expense category. This is based on the Forward Estimates (FEs) as agreed
upon between DBM and the GOCCs/GFIs.
Columns 16 to 20: Indicate the impact of the 2025 Tier 2 proposals on the 2027 funding ‘
requirements. Indicate the amounts in thousands for each major expense
category.
Column 24: Indicate the total funding requirements for 2027 in thousands.
48
OBM Form No. 708
CONVERGENCE PROGRAMS AND PROJECTS
(in PTOO)
1. Cabinet Cluster: 2. Oepannient/Corporation:
3. Program Convergence Title:

4. Implementing GOCCs/GFIs
3. Program Description and Objectives
6. Funding Requirements:
PAP MACS Code 2023 2024 2025
Tierl Tier 2 Total
Operatiorg
MOPE_______________
_______NGSu^xyt_______
CO_________________
______ NG Support_______
TOTAL
7. Physical Target and Accomplishment;

Target
Performance Indicator 2025 Accomplishment
2023 2024
Tierl Tier 2 Total 2023 Slippage
8. Strategies and Activities/Projects to Achieve Targets
9. Proposed Measures to Address Implementing Issues/Gaps:
PCS Focal Person Date Head oi Corporation Date
49
DBM Form No. 708
CONVERGENCE PROGRAMS AND PROJECTS
INSTRUCTIONS
This Form shall present the different Program Convergence Budget participated by the GOCCs/GFIs.
Box No. 1: Indicate the Cabinet Cluster pursuant to Executive Order (EO) No. 24, s. 2017,
"Reorganizing the Cabinet Cluster System by Integrating Good Governance and
Anti-Corruption in the Policy Frameworks of All the Clusters and Creating the
Infrastructure Cluster and participatory Governance Cluster," as well as EO No.
86, s. 2019.
Box No. 2: Indicate the Department, GOCC/GFI, and, if applicable, Unit.
Box No. 3: Indicate the Program Convergence Title. (Please refer to the attached Matrix of
Priority Programs and Participating Agencies).
Box No. 4: The names of the participating GOCC/GFI of the department shall be pre-filled
based on the attached Matrix of Priority Programs and Participating GOCC/GFI.
Box No. 5: The PCB Lead Agency shall provide a brief description of the specific program
of the department and its objectives.
Box No. 6: Indicate and summarize the funding requirements pertaining to Budgetary
Support of the participating GOCCs/GFIs related to the program.
Indicate appropriate PAPs and their corresponding nature of support, i.e.,

subsidy or equity.
Column 2023 Refers to the actual obligations incurred for FY 2023
2024 Refers to the FY 2024 appropriations per GAA
2025 Refers to the FY 2025 proposed program, indicating the

Tier 1 and Tier 2 components
Box No. 7: List down the key physical target/s by agency and the corresponding
accomplishment/s for the years indicated. Express slippage/over-performance
as the difference between target and accomplishment in relative terms for FY
2023. (Note: There is a limit of 40 characters per line)
50
Box No. 8: Indicate the strategies and activities/projects to be implemented to achieve the
targeted output.
Box No. 9: List down all the proposed measures to address any issues or gaps (either
experienced or foreseen) during the implementation period.
51
Revised DBM Form 709 (2025 Budget Tier 2)
PROPOSAL FOR NEW OR EXPANDED LOCALLY-FUNDED PROJECT
l.Pfcposal/Pfoiect Wants
2. (n^sRMflting Oeps/tfsen: / GOCC
|3. PrioflTy RacLtzR5 Wo.

1
i. Cats5ori:a6ee ww □ iB/tartfucsure O
EJoaneec/ Revisec u Woo-lfij?srtfuci«fs
js.WEPA Proâ ID;

I 1
16. Total Proposal Cost:
I J
1.
8. Purpose
9.6erK(iciariss:
10. Imptcrosfttatbn Period: ORiaWAL

Start Date;
.-tnc.*i Date:
ftEVISEO
Sun Dtte:
Finish Date:
IL Pre-fle^jisitei: Reviewed/Approved
Approvi»5 Authorities wot
Yes Wo RemarLs
ApplicaMe
Certiricue or Svcjtt
Ir^xian □ □ □
W£OA eoarc U U u
weOA Scare-9CC u u u
DPVZn Cerrifearion □ □ □
OFV/K WtOA o’ ■S’ ■S’
DPVZH Cosaag ■q lT ■S'
OEWR Cltarance LJ u tJ
ROC Consultation u u u
CSO Consusation £3 □ □
List or Locatiora ■q ■S’ o’
List or Bene.'&daries TT ■q tJ
Master Pten u u
OVttn (plesse speoffl
12. FtnancaaJ (in P*000) and Physicai Details

12.1. PAP ATTRIBUTION BY EXPENSE CtASS
Fy2O25TlEft2 2026 2027
(A» (Bl <q (0)
GRAND TOTAL
12.2. PHYSICAl ACCOMPlBKMEIfTS a TAJIGCT5

Physical Accomplishments Targets
FY2025TIER2 2026 2027
(A> (B| (C) toi
52
12 J. TOTAL PaOJECr COST
Capcnse Qbii Total Project Cost
PS
CO ~
GRANOTOTAL
12.4. REQUIREMEirrS FOR THE FORWARD YEARS OF THE INFRASTRUCTURE PROJECT

For Iftfrasaucture projects, sho-^w the estknsted ongoing costs to be induded in Forwsrd Cstimstes
PAP 2026 Vin
(Al (B) <q
GRAND TOTAL
123. COSTING BYCOMPOWEIfTCS)
Components PS MOO£ CO Total

(A) (B) CQ (0) (E)
GRANO TOTAL
12.6. LOCATION Of »4PtEMEffTATI0N

Location PS MOOE co Total
_____________________ W (B) (0) (Q t
GRANO TOTAL
U. REQUraEfAEfJTS R3R EQUnV COf/TRIBUBON/FUrffilNG FOR CAPrTAUZATlON

For GOCCs/GFls with proposed h'G eqviff mr.triBution. pro%'ide the correspondtAj uses below
Components PS MOOE co Total

(A) (B) (Q (0) (E)
f«.c, (oTrsstructure. sodel projects, etc)
GRANOTOTAL
14. RE^TiniE FORECAST FOR GOCG/GFIs PROPOSING FOR EQUITY CONTRIBIZTION/FUNOING FORCAPlTAUZATtON
A. SCENARIO 1 (WTTti NATIONAL GOVERNf.g/n SUPPORT)
Componentj/Revenue hems 2025 2026 2027
(A) (B) (Q (0)
GRANO TOTAL
B. SCE71ARI0 2 (WITHOUT NATTOfiAL GOVERNMEin SUPPORT)
Components/Revenue hems 2025 2026 2027

(A) <») (C) (0)
GRANO TOTAL
Prepar eO By: JcertiTieq Correct: [ApprweC: loate:
Sueget ONker Ptanrinj^ onictr Chief A«aur.tan: Keac «ths GOCC Oats
53
DBM Form No. 709
PROFILE FOR NEW OR EXPANDED LOCALLY-FUNDED PROJECT
INSTRUCTIONS
This Form shall present the GOCCs/GFIs proposals for new or expanded locally-funded projects.
Notes:
1) Accomplish this form for each on-going project with proposed revisions only. If a profile has
already been accomplished in prioryears and no change in cost, implementation, strategy,
implementation schedule and other details is to be undertaken, this form need not be
accomplished.
2) Likewise, this profile will be used for new Locally-Funded Projects.
3) This same form shall also be accomplished by agencies with grants-in-aid projects.
Box No. 1: Indicate the Program/Project Name as identified in the project document
or as approved by pertinent approving authorities such as the Investment
Coordination Committee (ICC), if applicable. For any change in Project
Name, indicate the old name enclosed in parenthesis.
Illustration: Water Supply and Sanitation Project (Formerly Water

Supply Project)
Box No. 2: Identify the name of the implementing GOCC/GFI submitting the form.
Indicate the role of the GOCC/GFI in project implementation (lead or
participating) in parenthesis after the name of the agency.
Illustration: DA (Lead Agency) or NIA (Participating GOCC)
Box No. 3: Provide a priority rank for the proposal. All proposals should be ranked
from 1 being the highest priority. The Priority Ranking Number should be
unique to every proposal.
Box No. 4: Identify the category of the proposal. First, determine if the proposal is a
new project or an expansion of an ongoing project. Second, determine
whether the project is infrastructure or non-infrastructure.
Box No. 5: For infrastructure projects, provide its NEDA Project ID as provided for
in the Three-Year Rolling Infrastructure Program (TRIP) and/or the Public
Investment Program (PIP).
Box No. 6: Provide the total cost of the proposal to be funded in FY 2025.
Box No. 7 & 8: Provide a brief description of the project and its purpose/objectives.
For ICT projects, the GOCC/GFI shall have submitted to the DICT-OSEC its
Information Systems Strategic Plans (ISSP) and inventory of ICT-related
resources which shall be supported to this form.
54
Box No. 9: Identify the beneficiaries of the project.
Box No. 10: Provide the implementation period within which the project must be
completed, specifying the day, month, and year of project start and
completion both original and revised (if applicable)
Box No. 11: Identify the prerequisites and/or authorities that have been secured for
the project. These should be provided as supporting details and documents
for the proposal.
Among the prerequisites is the existence of a Master Plan for

infrastructure projects, roadmaps and other relevant documents.
Multi-year infrastructure projects must be supported with
Certificate of Budget inclusion.
Box No. 12.1: Indicate the activities/projects and the amounts should be disaggregated
as to expense class, category, component, and allocation by location.
Provide the amount of the proposal for FY 2025 - Tier 2 for each P/A/Ps
identified. Also include the requirements in the 2026 and 2027 forward
years, if applicable.
Box No. 12.2: List down the project's physical targets in absolute terms and the
corresponding accomplishments for the periods/years indicated.
Box No. 12.3: Provide the total project cost of the project. This shall correspond to
the total cost in the corresponding FOA. The total cost shall be
disaggregated by expense class, by category (loan proceed, government
counterpart), and by component (cash, non-cash).
Box No. 12.4: For infrastructure projects, indicate the cost of maintenance and
operations upon completion. Similar to Box 12.1, the particular P/A/Ps
should be specified.
Box No. 12.5: List down all the components of the project and their corresponding costs.
Box No. 12.6: Identify the location by providing the region/province/municipality or

areas to be covered by the project.
Box No. 13: List down all the proposed uses of equity contribution (i.e., infrastructure,
social projects, etc.).
Box No. 14.A and B: Present the corresponding revenue forecast with or without NG support
in the form of subsidy/equity contribution.
55
PROPOSAL FOR NEW FOREIGN-ASSISTED PROJECT
1. Proposal/Proje<t Name
2. Implementing Department / 60CC
Project ID______
4. Priority Ranking No.
5. Categorization New □ Infrastructure □

Expanded/ Revised n Non-infrastructure n
|6. Total Proposal Cost: I

7. Description:
8. Purpose:
9. Beneficiaries:
•
10. Implementation Period: ORIGINAL
Start Date:
Finish Date:
REVISED
Start Date:
Finish Date:
11. Pre-Requisites: Reviewed/Approved
Approving Authorities Yes No Not Remarks
Applicable
Certificate of Budget Inclusion □ □
NEDA Board U u u
o’
NEOA Board - ICC 0 U
List of locations ■q U
List of Beneficiaries ■q 0
Others (please specify)
PROPOSAL FOR NEW FORElGN-ASSiSTED PROJECT
1. Proposal/Project Name
2. Implementing Department / GOCC
3. Project ID
d. Prioritv Ranking No.
5. Categorization Nev/ infrastructure U

Ex^rtded/ Revised UJ Nor*-1 n f ras tructu re a
Is. Total Proposal Cost;
I 1
7. Description:
8. Purpose:
9. Beneficiaries:
10. Implementation Period: ORIGINAL
Start Date:
Firush Date:
REVISED
Start Date:
Finish Date:
11. Pre-Requisites: Reviewed/Approved
Approving Authorities Yes No Not Remarks
Applicable
Certificate of Budget Irxlusion LJ
NEDA Board LJ
NEDA Board-ICC a □ Cj
List of Locations D □ D
List of Beneficiaries C a □
Others (please specify)
12. Financial Details (in P'OOO) and Physical Details

12.1. ACTIVITY/PROJECT BY EXPENSE CLASS
FY 202S TIER2 2026 2027
LP LP LP
P/A/P
GOP TOTAL GOP TOTAL GOP TOTAL
Cash Non-Cash Cash Non-Cash Cash Non-Cash
GRAND TOTAL
b
12,2. PHYSICAL ACCOMPUSHMEMTS & TARGETS

Targets
Physical Accomplishments
FY202STIER2 2026 2(311
12,} COST OF INFRASTRUCTURE PROJECTS

For Infrastructure projects, sho>v the estimated ongoing costs to be included in Forward Estimates
1(31^ 1(311
IP IP
Particulars
GOP TOTAL GOP TOTAL
Cash Non-Cash Cash Non-Cash
GRANDTOTAL
12.4, COSTING BY COMPONENTS

IZl
00 PS MODE CO Total
Component IP LP IP IP
GOP TOTAL GOP TOTAL GOP TOTAL GOP TOTAL
Cash Non-Cash Cash Non-Cash Cash Non-Cash Cash Non-Cash
GRANOTOTAL
12.5. LOCATION OF IMPLEMENTATION

PS MOOE CO Toul
Location IP LP LP LP
GOP TOTAL GOP TOTAL GOP TOTAL GOP TOTAL
Cash Non-Cash Cash Non-Cash Cash Non-Cash Cash Non-Cash
GRANO TOTAL
Prepared By: Certified Correct; Approved: Date:
Budget Officer Planning Officer Chief Accountant HeadofGOCC Date
s
DBM Form No. 710
PROFILE FOR FOREIGN-ASSISTED PROJECT
INSTRUCTIONS
This Form shall present the GOCCs/GFIs proposals for new foreign-assisted projects.
Notes:
1) Accomplish this form for every on-going foreign-assisted project with proposed
revisions only. If a profile has already been accomplished in prior years and no
change in cost, implementation, strategy, implementation schedule and other
details is to be undertaken, this form need not be accomplished.
2) Likewise, this profile will be used for new Foreign-Assisted Projects.
3) For projects with multi-implementing agencies (with one or multi
donors/creditors), each implementing agency shall accomplish the form for its
own component. In addition, the lead/executing agency shall be responsible
for the submission of an overall project profile. Complete all information
requested.
Box No. 1: Indicate the Program/Project Name as identified in the project

document and/or as approved by the Investment Coordination
Committee (ICC) and confirmed by the NEDA Board as of the
period indicated in the annual Budget Call.
Box No. 2: Identify the name of the implementing GOCC/GFI submitting

the form. Indicate the role of the GOCC/GFI in project
implementation (lead or participating) in parenthesis after the
name of the agency.
Illustration: DA (Lead Agency) or NIA (Participating GOCC)
Box No. 3: Identify the Project ID corresponding to the loan/grant number

in the loan/grant agreement.
Box No. 4: Provide a priority rank for the proposal. All proposals should be
ranked from 1 being the highest priority. The Priority Ranking
Number should be unique to every proposal.
Box No. 5: Identify the category of the proposal. First, determine if the
proposal is a new project or an expansion of an ongoing project.
Second, determine whether the project is infrastructure or non
Infrastructure.
59
Box No. 6: Provide the total cost of the proposal to be funded in FY 2025.
Box No. 7 & 8: Provide a brief description of the project and its
purpose/objectives. For ICT projects, the GOCC/GFI shall have
submitted to the DICT-OSEC its Information Systems Strategic
Plans (ISSP) and inventory of ICT-related resources which shall
be supported to this form.
Box No. 9: Identify the beneficiaries of the project.
Box No. 10: Provide the implementation period within which the project
must be completed, specifying the day, month and year of project
start and completion both original and revised (if applicable).
Box No. 11: Identify the prerequisites and/or authorities that have been
secured for the project. These should be provided as supporting
details and documents for the proposal.
Box No. 12.1: Provide the total project cost of the project. This shall
correspond to the total cost in the corresponding CBI for the FAPs.
The total cost shall be disaggregated by expense class, by
category (loan proceed, government counterpart), and by
component (cash, non-cash).
Box No. 12.2: Identify the physical tarqets_corresponding to the FY 2025 Tier ■
2, FY 2026, and FY 2027 requirements.
Box No. 12.3: Provide the cost of foreiqn-assisted infrastructure projects.

This shall correspond to the total cost of infrastructure consistent
with the corresponding CBI for the FAPs. The total cost shall be
disaggregated by expense class, by category (loan proceed,
government counterpart), and by component (cash, non-cash).
Box No. 12.4: Provide the costing by components of the foreiqn-assisted

infrastructure projects. The total cost shall be disaggregated
by expense class, by category (loan proceed, government
counterpart), and by component (cash, non-cash).
Box No. 12.5: Identify the location where the FAPs shall be implemented. This
shall correspond to the location of the project (e.g. site of
infrastructure) and not where the funds were sourced nor the
office location of the implementing GOCC/GFI.
60
DBM Form No. 711
CLIMATE CHANGE EXPENDITURES
(In Thousand Pesos)
DEPARTMENT:
CORPORATION:
2025 Proposed Activity

Cost Structure/
2023 Actual 2024 Current Climate
Program/ UACS TOTAL PROPOSED
Change TIER 1 TIER 2
Activities/ Code(s) ACTIVITY
Typology/ies
Projects
PS Mooe co TOTAL PS MOOE CO TOTAL PS MOOE CO TOTAL PS MOOE CO TOTAL PS MOOE CO TOTAL
(1) (2) (3) (4) (5) (6) (7) (8) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24)
GRAND TOTAL:
Prepared By: Certified Correct: Approved By:
Budget Officer Chief Accountant HeadofGOCC

DBM Form No. 711
CLIMATE CHANGE EXPENDITURES
INSTRUCTIONS
This form reflects the summary of climate change expenditures. It shall be

accomplished as follows:
Column 1: Indicate under this Column the P/A/Ps to which the expenditures
shall be attributed.
Column 2: Indicate under this column the appropriate PREXC UACS code of
each P/A/P statement under GAS, STO, and Operations. The PREXC
UACS code shall be the enhanced 15-digit code pursuant to COA-
DBM-DOF Joint Circular No. 1 dated August 11, 2017.
Columns 3-6: Indicate under these Columns the FY 2023 Actual Obligation by
Expense Class (MOOE and CO, TOTAL) of the GOCC/GFI specifically
for the CC component.
Columns 7-10: Indicate under these Columns the FY 2024 Current Program by
Expense Class (MOOE and CO, TOTAL) of the GOCC/GFI specifically
for the CC component.
Column 11: Indicate the appropriate Climate Change Typology/ies as indicated

in CCC MC No. 2016-01 dated February 17, 2016 under the UACS
sub-sector indicated in Column 2.
Columns 12-23: Indicate under these Columns the FY 2025 Proposed Program by
Expense Class (MOOE and CO) of the GOCC/GFI specifically for the
CC component.
62
-r
DBM Form 712
SUMMARY OF RDC INPUTS AND RECOMMENDATIONS ON GOCC NEW AND EXPANDED PROGRAMS AND PROJECTS
FY 2025 BUDGET
(in Thousand Pesos)
Department:
GOCC:
BUDGET ALLOCATION
GOCC Central Office

PROGRAMS/ACTIVITIES/
PROJECTS TIER 1 TIER 2 ’ Not included in RDC INPUT/ RECOMMENDATION GOCC CO FEEDBACK
Included in the
tlie Budget Total
Budget Proposal
Proposal
{1} (2) (3) (4) (5) (6) (7) (8)
Operations
Organizational Oulconte 1
PROGRAMI
C?' SUB-PROGRAM 1
a. Activity 1
CO
RO t
RO 2
b. Ftoject 1
CO
RO 1
RO 2
GRAND TOTAL
PREPARED BY: APPROVED BY:
Budget Officer Planning Officer Head of Corporation
• Please anach copies of the pertinent BP Form 708/709 (or each program, project or activity
DBM Form No. 712
SUMMARY OF RDC INPUTS AND RECOMMENDATIONS ON GOCC/GFIs
NEW AND EXPANDED PROGRAMS AND PROJECTS
INSTRUCTIONS
This form shall be used to capture the inputs and recommendations of the Regional
Development Councils (RDCs) on GOCC/GFI programs, activities and projects (PAPs).
It is to be prepared by the GOCC/GFI Central Offices (GOCC/GFI COs) in coordination
with GOCC/GFI Regional Offices (GOCC/GFI ROs).
Column 1 Indicate the specific program, activity or project that formed the
subject of RDC input or recommendation® A detailed breakdown per
region pertinent to each entry must be made.
Column 2 Reflect the amounts allocated by the central office by program, activity,
or project to the regions corresponding to Tier 1.
Column 3 Reflect the Tier 2 proposal of. programs, activities or projects

recommended by the RDC (or resulting from agreements within the
RDC).® Each program, project, or activity should have a corresponding
DBM Form 709 and supporting RDC document(s).
Column 4 Reflect the amount of Tier 2 proposal in column 3 that is INCLUDED

in the GOCC/GFI budget proposal for Tier 2 submitted to the DBM
Column 5 Reflect the amount of Tier 2 proposal in column 3 that is NOT

INCLUDED in the GOCC/GFI budget proposal for Tier 2
submitted to the DBM.
Column 6 Reflect the total of column 4 and column 5 for each program, activity
or project.
Column 7 State in this column the rationale of the inputs and recommendations
of the RDC on GOCC/GFI PAPs for Tier 1 and Tier 2.^®
Column 8 state in this column the feedback of the GOCC/GFI Central Office
to the inputs and recommendations of the RDC on GOCC/GFI PAPs in
Column 7.^^
8 GOCC/GFI programs, activities or projects that did not form the subject of RDC input or recommendation can be omitted in this
form
Indicate amounts per allotment class and objects of expenditure if possible in a separate document attached to the form
This column can include RDC evaluation of the program or project in relation to its contribution to the Philippine Development
Plan of the Regional Development Plan, the Budget Priorities Framework, GOCC/GFI mandate or target organizational outcomes,
etc. It can also include other information pertinent to the program or project such as implementation readiness.
“ In addition, this column can also be used to capture the rationale of the GOCC/GFI for column 4 and column
64
5
DBM Form 713
REPORT OF CSOs' INPUTS ON ONGOING AND NEW SPENDING PROJECTS AND ACTIVITIES
FY 2025 TOTAL PROPOSED PROGRAM
(In Thousand Pesos)
Department:
GOCC:
Statement of Inputs from CSOs

Account Code for Projects I Projects and Account Code lor the Amount included in the GOCC
Explanations Remarks
Activities Activities Location New Spending/ Budget
On-going
Expansion
(1) (2) (3) (4) {5) (6} (7)
PROGRAM 1
PfojecVs
CT' Activity/ies
PROGRAM 1
Pfoject/s
Activity/ies
GRAND TOTAL
PREPARED BY: APPROVED BY: DATE:
Planning Officer/ C5O Focal Person HesdoiGOCC DAY/MO/YEAR

DBM Form No. 713
REPORT OF CSO'S INPUTS ON ONGOING AND NEW SPENDING
PROJECTS AND ACTIVITIES
INSTRUCTIONS
This form shall report the inputs of Civil Society Organizations (CSOs) from national
and local consultations initiated by GOCC/GFI Central Offices (GOCC/GFI COs) for
GOCC/GFI ongoing/new spending/expansion projects and activities for FY 2025.
Inputs from local CSO consultations led by or under the Regional Development
Councils (RDCs), however, are not to be reported here.
To be prepared by GOCC/GFI Central Office and other instrumentalities of the National

Government (Constitutional Offices, Other Executive Offices, SUCs). Attached
agencies shall prepare this Form separately.
Column 1: Reflect the corresponding account code for the project/activity to

which CSOs inputs can be attributed.
Column 2: Reflect the specific project/activity and/ or sub-program of a major

program for FY 2025. A detailed breakdown by regions per activity
must be made.
Column 3: Reflect the corresponding account code for the location of the
project/activity to which CSOs inputs can be attributed.
Column 4: State in this column the inputs/comments/recommendations of the

CSOs on GOCC/GFI ongoing and/or new spending/expansion
programs/projects/activities, as to: relevance; strategy and delivery
methodology: beneficiaries/clients; accountability structure;
costing; performance management; monitoring and evaluation;
and risk management.
Inputs/comments/recommendations shall include those obtained

and/or extracted from:
• conduct of CS/CSO Consultations at the national level,

• conduct of CS/CSO Consultations at the local level,
• review of the documentations for the past 12 months of
GOCC/GFI program/project assessment and planning with
participation of CSOs or under GOCC/GFI continuing
consultative mechanisms, and/or
• engagement through Budget Partnership Agreements
(BPAs).
66
The GOCC/GFI COs are reminded to be ready to provide the
highlight/s of the consultations or extracts of the
meetings/workshops, and actual attendance sheets, from which the
inputs were based. These documents shall be collected after the
submission of the GOCC/GFI Budget Proposal to DBM.
Column 5: State in this column the amount of the object of expenditure that
was based on the CSO inputs and incorporated by the GOCC/GFI
in their submitted budget proposal. The amounts shall reflect,
likewise, the adjusted regional distribution by activity/project
submitted by the GOCC/GFI COs to DBM.
Indicate the Total of the amounts.
Column 6: State in this column the assumptions/basis made in the amount of

the object of expenditure in column 5.
Column 7: Remarks here shall include the source of the CSO inputs if it was
through a consultation, a BPA, or from other agency consultative
mechanisms; the name/s of the CSO BPA partner, CSOs consulted
or the agency mechanism for CSO participation; or any actions
taken in response to the CSO inputs.
67
ANNEX C
BUDGET PREPARATION CALENDAR
68
FY 2025 Detailed Budget Preparation Calendar
Responsible Unit
ACTIVITY 2025 Calendar
within DBM Outside DBM
1. Issuance of the Corporate Budget Memorandum January 2024 BMB-C
(CBM)
2. Budget Forum
i. DBM Officials and Staff January 22, 2024 BTB
ii. National Government Agencies January 23, 2024 BTB
iii. Government Corporations January 23, 2024 BMB’C
3. DBM-Regional Offices (ROs) /Agency ROs Budget February 2024 ROs

Forum
4. Consultations with: February 2024

i. Regional Development Councils (RDC) ROs GOCCs/GFIs
ii. Civil Society Organizations
5. Encoding and submission (thru OSBPS) of: January 23 to April 20, GOCCs/GFIs
2024
i. Past Year's Actual Obligations
ii. FY 2021-2025 Revenue Program-DBM Form 703
6. Encoding and submission of applicable forms of FY March 25 to GOCCs/GFIs

2025 Budget Proposals (thru OSBPS) Details of Tier 1 April 20, 2024
(FEs) and Tier 2 (New Spending)
7. Issuance of NBM for Budget Priorities Framework April 30, 2024 FPRB
8. Submission of signed hard copies of FY 2025 Budget March 25 to GOCC/GFIs

Proposals April 22, 2024
9. Conduct of Technical Budget Hearings for Tier 2 (New April 1 to 30, 2024 BMBs/RO GOCC/GFIs
Spending) Proposals, including PCB
10. Conduct of Executive Review Board (ERB) Hearings May 13 to June 4, 2024 DBM B/S/Os
11. Sending of Confirmation Letters to Agencies of the June 10, 2024 BTB, BMBs
Total Budget Levels (Tiers 1 and 2)
12. Presentation to the President and the Cabinet of the June 21 to 24, 2024 FPRB DBCC
FY 2025 Proposed Budget Levels of
Department/Agency/Special Purpose Funds
13. Finalization of National Expenditure Program (NEP), June 24 to July 1, 2024 DBM B/S/Os
Budget of Expenditures and Sources of Financing
(BESF) Tables, Staffing Summary, President’s Budget
Message
14. Printing of the Budget Documents July 2 to July 17, 2024 BTB, BMB-C
& other
B/S/Os
15. Submission of the Budget Documents to the President July 19, 2024 OSEC
16. Submission of the President's Budget to Congress July 22, 2024 OSEC
69

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Corporate Budget Memorandum No 46 Dated January 18 2024

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REPUBLIC OF THE PHILIPPINES

CORPORATE BUDGET MEMORANDUM No. 46

F O R ; All Heads of Government-Owned or Controlled Corporations

SUBJECT : CORPORATE BUDGET CALL FOR FY 2025

DATE January 18, 2024

1.0 BACKGROUND AND RATIONALE

2.0 EXPENDITURE MANAGEMENT FRAMEWORK

2.1 The FY 2025 budget proposal of GOCCs/GFIs should be consistent with

2.1.1 The FY 2025 budget is poiseyd to set hard budget constraints to

2.1.2 With clear rhacro-economic objectives set in place by the FY

2.1.2.1 Programs which support the achievement of the targets

2.1.3 Continuing emphasis on infrastructure development, including the

2.1.4 Provision of funds for capacity-building programs for Local

2.1.5 Strengthening the vertical and horizontal linkages, over the

2.1.5.1 Ensuring that policies and programs, such as GOCC/GFI

2.1.5.2 Ensuring that there is no duplication in the delivery of

2.1.5.3 Enabling the provision of immediate support or aid by

2.2 Fully aware, however, of the competing demands of government

2.4 The government will continue the adoption of the following

2.4.1 2-Tier Budgeting Approach (2TBA);

2.4.2 Unified Accounts Code Structure (UACS);

2.4.3 Program-based budgeting structure through the Program

2.4.4 Disaggregation of lump-sum amounts within the agency specific

2.4.5 Cash Budgeting System (CBS) pursuant to EO No. 91, s. 2019

2.4.6 A well-functioning, results-based and credible monitoring and

2.4.8 Open Government Partnership (OGP) to strengthen participation

2.5 Total Resource Budgeting

2.5.2 All funding requirements of the GOCCs/GFIs, including contingent

2.6 Financial independence of GOCCs/GFIs

2.5.1 GOCCs/GFIs shall observe fiscal responsibility in proposing

2.6.1.1 Implementing measures to enhance corporate revenue

2.6.1.2 Initiating the study to streamline the organization,

2.6.1.3 Maximizing available resources through other means,

2.7 Resource Optimization

GOCCs/GFIs are encouraged to maximize their budget by means of the

2.7.1 Ensuring that budget proposals are channeled to priority ongoing

2.7.3 Undertaking measures to ensure that the costs of services

2.8 Focused Resource Utilization

2.8.1 GOCCs/GFIs shall refrain from undertaking activities and

2.9 National Government Subsidy Graduation

2.9.1 The following parameters shall be taken into consideration the

2.9.1.1 The Functional Classification of GQCCs.

a. Those which are highly commercial, consistently

b. GOCCs with regulatory/developmental/social

2.9.1.2 Financial Performance of GOCCs/GFIs, The financial

The improved financial performance and reduced

2.9.1.3 GOCC's Utilization of Equity. A review will be done on

2.9.1.4 Heavily-subsidized GOCCs, GOCCs that have remained

2.9.1.5 GOCCs, in close coordination with Department of

3.0 GOCC/GFI BUDGET LEVELS

3.1 As a general rule, income and/or revenues collected by GOCCs/GFIs

3.1.1 Subsidy for Operations. Amounts granted to GOCCs/GFIs to

3.1.2 Subsidy for Programs/Projects. Amounts granted to

3.1.3 Equity. The amount received by GOCCs/GFIs as payment of

3.1.4 Shares from special laws. Provision of support governed by

Consistent with 2TBA, the discussion and deliberation on

4.0 GENERAL SUBMISSION REQUIREMENTS

4.3 To enable the DBM to thoroughly evaluate the proposed amendment,