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REPUBLIC OF THE PHILIPPINES PROCUREMENT SERVICE Department of Budget and Management Internal Bids and Awards Committee 2nocniien mandate: 23 June 2021REQUEST FOR QUOTATION VARIOUS REPAIRS AND CONSTRUCTION
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The budget in the context of PS-PhilGEPS refers to the financial plan that outlines the expected revenue and expenditures for government agencies and public sector entities, ensuring that they allocate resources efficiently.
All government agencies, including national government agencies, local government units, and state universities and colleges, are required to file their budget through the PS-PhilGEPS system.
To fill out the budget in PS-PhilGEPS, users need to log in to the system, access the budget submission form, accurately input the financial data, and submit the completed form for review and approval.
The purpose of the budget submission through PS-PhilGEPS is to enhance transparency, accountability, and proper management of public funds by ensuring that government entities follow a standardized procedure for budget reporting.
The budget report must include information such as projected revenues, planned expenditures, detailed budgetary allocations, and any other financial details necessary for evaluating fiscal performance and planning.
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