JOINT CALL FOR THE UPDATING OF THE 2017-2022 PIP AND FORMULATION OF FY 2020-2022 TRIP AS INPUT TO THE FY 2020 BUDGET PREPARATION
In view of the efforts to synchronize the investment programming processes with the budget process, NEDA issued on September 10, 2018 the joint call for the updating of the 2017-2022 Public Investment Program (PIP) and formulation of the Three (3)-Year Rolling Infrastructure Program (TRIP) Fiscal Year (FY) 2020-2022, as input to the FY 2020 budget preparation.
The Updated PIP shall contain the rolling list of priority programs and projects (PAPs) to be implemented by national government agencies, government-owned and controlled corporations (GOCCs), government financial institutions (GFIs), other national government offices and instrumentalities, and state universities and colleges within the medium-term that contribute to the achievement of the societal goal and targets in the Philippine Development Plan 2017-2022 and respond to the outcomes and outputs in its Result Matrices. These PAPs may be financed using national government funds, including internal cash generated by GOCCs/GFIs, in partnership with the private sector, or through Official Development Assistance.
As a subset of the PIP, the TRIP is expected to contain priority infrastructure PAPs requiring funding from the national government for FY 2020-2022. The TRIP serves as the basis for the determination of the infrastructure PAPs to be included in the National Budget of the Government. Failure to submit the same shall mean exclusion from the National Expenditure Program for FY2020.
