Budget Circular No. 2026-1

RA No. 10149' dated June 6, 2011, should have accomplished, by September 30, 2026, at least an average of seventy-five percent (75%) of all the targets for all the organizational outcomes/performance indicators as of the end of the 3 quarter based on the targets indicated in the Budget Execution Documents under their respective FY 2026 budget approved by Congress, or the approved FY 2026 Corporate Operating Budget (COB), whichever is applicable. For purposes of computing the average, only accomplishment rates with values ranging from 0-100 per organizational outcome/performance indicator shall be considered. Any accomplishment rate beyond 100% shall be capped at 100 in the computation of the average. An illustrative example of the computation of the average accomplishment rate is presented under Annex A. GOCCs covered by RA No. 10149 should have accomplished, by September 30, 2026, at least an average of seventy-five percent (75%) of all the targets under their respective Performance Scorecard, as agreed upon between the Governance Commission for GOCCs (GCG) and the GOCC pursuant to GCG Memorandum Circular No. 2024-018 dated June 28, 2024. LWDs should have a positive net balance in the average net income for the period January 1 to September 30, 2026, to be validated by the Local Water Utilities Administration. LGUs should have accomplished, as of September 30, 2026, at least an average of seventy-five percent (75%) of all the targets under their programs/activities/projects (P/A/Ps) approved in the LGU budget for FY 2026. In addition, the LGU concerned has obligated at least seventy-five percent (75%) of its approved FY 2026 appropriation for the twenty percent (20%) Development Fund as of September 30, 2026, pursuant to Section 287 of RA No. 71609. For this purpose, the utilization rate shall be computed by dividing the total actual obligations incurred against the FY 2026 development fund appropriation as of An Act to Promote Financial Viability and Fiscal Discipline in Government-Owned or —Controlled Corporations and to Strengthen the Role of the State in its Governance and Management to Make Them More Responsive to the Needs of Public Interest and for Other Purposes Enhanced Performance Evaluation System for the GOCC Sector An Act Providing for a Local Government Code of 1991 Page 4 of 21