In preparation for the fiscal year (FY) 2021 budgeting exercise, the briefing on the Regional Development Council (RDC) 5 investment programming and budgeting processes was conducted on October 15 at NEDA Region 5, Arimbay, Legazpi City. The activity was attended by planning and budget officers of 35 regional line agencies and nine state universities and colleges (SUCs) in Bicol Region.
The briefing aimed to increase awareness of the stakeholders on the national and regional investment programming and its linkage to planning and national and regional budgeting. With improved appreciation of the processes, the agencies and SUCs in Bicol hope for a bigger share of the national investments and budget for FY 2021 to fund the priority programs, activities and projects (PAPs) in the region. The overall development planning framework was discussed with focus on the following Guidelines: (1) Public Investment Program (PIP) updating (2) Comprehensive Investment Programming Guidelines (CIPG); and (3) RDC 5 Memorandum Circular No. O-1910-039 dated October 10, 2019 on the RDC Review of the FY 2021 Budget Proposals.
Foresight or to be forward looking in identifying PAPs that will not only respond to the present needs but those in the succeeding years to achieve the plan outcomes and eventually the vision of a Matatag, Maginhawa at Panatag na buhay para sa lahat was emphasized. The regional line agencies were encouraged to coordinate closely with their respective central offices in assuring that the priority projects of the region are integrated in the PIP for consideration in the national budget. The participants were also guided in preparing for the FY 2021 budget proposal based on the Regional Development Investment Program 2017 to 2022.
RD Agnes E. Tolentino expressed her appreciation and encouraged participants to adhere with the budgeting process during the Briefing on RDC Investment Programming and Budget Exercise on October 15.