The Bicol Regional Development Council (RDC) conducted its virtual briefing of the regional investment programming and the Fiscal Year 2024 Budget Review on October 25, 2022, via videoconference to orient the participants in facilitating the preparation and submission of the FY 2024 budget proposals.
NEDA Regional Director Agnes E. Tolentino underscored the importance of strengthening the linkage of the planning, investment programming, and budgeting processes. She added that the RDC Bicol annually conducts the briefing to ensure that the programs, activities, and projects (PAPs) are consistent with the Regional Development Plan (RDP), thus contributing to achieving the targets, both at the national and regional levels.
“Given the limited fiscal space, there is really a need to prioritize PAPs in the region, thus, the RDC Bicol is committed to the judicious use of government resources”, RD Tolentino said.
The briefing includes a presentation of the updated Comprehensive Investment Programming Guidelines (CIPG). It presents the principles, criteria, processes, and requirements of the Bicol RDC for inclusion in the Regional Development Investment Program (RDIP) and serves as one of the inputs to the preparation of the agency budget proposals for the next fiscal year.
Several revisions were highlighted in this year’s briefing, which include (1) quarterly updating of the RDIP to coincide with Sectoral Committee (SecCom) meetings; (2) two-week compliance of the proponent agencies after the initial evaluation of the RDC Secretariat; (3) furnishing the RDC Secretariat with the municipal LGU’s letter requesting Sangguniang Panlalawigan endorsement; (4) simplified readiness criterion; and (5) submission of PAPs for inclusion in the RDIP is one month before SecCom meetings.
Following the synchronized regional and national investment programming and budgeting process, the RDIP and Agency Budget Proposals are targeted to be adopted by the RDC in December 2022 and subsequently endorsed to the DBM, Congress, CHED, in case of SUCs, and Agency Central Offices in March 2023.
In her closing message, NEDA Assistant Regional Director Edna Cynthia S. Berces emphasized the timely submission of proposals with high impact in achieving the targets towards economic recovery.
Representatives from agency regional offices, government-owned and/or controlled corporations, state universities and colleges, and provincial and city local government units participated in the event. Representatives of the Bicol Congresspersons and the RDC private sector representatives were invited to the activity.
Argel Joseph S. Tria/NEDA5