Philippines Budget 2009 seeks to uphold the commitment to fiscal consolidation and a balanced budget next year consistent with the medium term macroeconomic and fiscal framework under the Medium Term Philippine Development Plan (MTPDP) as updated by the Development Budget Coordination Committee. Hence the budget, as a principal tool for national development aims to prioritize key strategic programs and activities supportive of the 10 Point Legacy Agenda and Millennium Development Goals to strengthen the foundation towards achieving sustainable prosperity and accelerated growth.
Reforms in public expenditure management such as the Medium Term Expenditure Framework (MTEF) and Organizational Performance Indicator Framework (OPIF) shall continue to be vigorously pursued and mainstreamed in the planning, programming and budgeting systems as well as in the structure and composition of agency programs, activities and projects (P/A/Ps).
The 2009 budget seeks to achieve the following primary objectives:
- Ensure consistency of the national budget to the President’s development agenda within the context of overall fiscal discipline and consolidation through the Medium-Term Expenditure Framework (MTEF).
- Encourage agencies to focus efforts on the delivery of outputs directly contributing to their organizational goals and
- Clarify their performance and accountability consistent with Organizational Performance Indicator Framework (OPIF).
This means that the Major Final Outputs (MFOs) shall be the primary elements/units for determining resource allocation.