271059/271347/E-02472/E-04036  Concurring and Dissenting Opinion: Justice Jhosep Y. Lopez — Official PDF

Concurring and Dissenting Opinion 26 G.R. Nos. 271059, 271347, E-02472 & E-04036 (1) A budget message setting forth in brief the govern.111ent's budgetary thrusts for the budget year, including i.heir impact on development goals, monetary and fiscal objectives, and generally on the implications of the revenue, expenditure and debt-proposals; and (2) Summary financial statements setting forth: (a) Estimated ~xpenditures and proposed appropriations necessary for the support of the GDvern7:1entjor the ~nsu\ngfis,cal year, including those financed from operating revenues and from domestic and foreign borrowings; (b) Estimated receipts during the ensuing fiscal year under laws existing at the time fue budget is transmitted and under fue revenue proposals, 1f any, forming part of the year's financing program; (c) Actual appropriations, expenditures, and receipts during the last completed fiscal year; (d) Estimfted expenditures and receipts and actual or proposed approj/riations during the fiscal year in progress; (e) StatenientsI of the condition of ~he National• Treasury at the end of the last completed fiscal year, tl;le estimated condition of the Treasury at the end of the fiscal year in progress and the estimated condition of the Treasury at the .:md of the ensuing fiscal year, taking into account the ad.option ot finan~ial proposals contained i~ the budget and sho,,ing, at the same; time, the unencumbered and unobligated cash resources; I . .. . II (f) Esse~ti.al facts regarding the bonde1 and other long-t:rm obligati_ons and mdebtedness of the Governme;nt, both domestic and foreign, including identification ofrecipient$ ofloan proceeds; and (g) Such other financial statements and data as are deemed necessa,-y or desirable in order to mal,e known in reaso1iable detail fue financial condition of the government. (Emphasis supplied.) Consistent with the following statut~s, it has been the practice of the President to submit to Congress the proposed national budget, consisting of the estimated schedule ofincome and expe9ditu~es for the ensuing fiscal year. The budget is usually contained in a docull'/ent denominated as BESF, which as discussed above, contains the macroeconomic assumptions, public sector context, and the breakdowr, of the expenditures and funding sour;ces for the fiscal year and the two previous years. In ,view of the policy of a balanced . budget, eve1y pr9posed expenditure must be matched with a. parallel source of revenue, such tl1at the total proposed expenditure must not exceed the total estimated income. The prohibition in Section 25(1), Article VIof the Constitution does not app(y 'to unprogrammed appropriations