NATIONAL BUDGET CIRCULAR 542
This Circular, issued on August 9, 2012 by the Department of Budget and Management (DBM), reiterates the compliance of all National Government Agencies (NGAs), including State Universities and Colleges (SUCs), Government-Owned and Controlled Corporations (GOCCs), Government Financial Institutions (GFIs), and Local Government Units (LGUs) with Section 93 of the General Appropriations Act of 2012:
Sec. 93. Transparency Seal. To enhance transparency and enforce accountability, all national government agencies shall maintain a transparency seal on their official websites. The transparency seal shall contain the following information:
(i) the agency’s mandates and functions, names of its officials with their position and designation, and contact information;
(ii) annual reports, as required under National Budget Circular Nos. 507 and 507-A dated January 31, 2007 and June 12, 2007, respectively, for the last three (3) years;
(iii) their respective approved budgets and corresponding targets immediately upon approval of this Act;
(iv) major programs and projects categorized in accordance with the five key result areas under E.O. No. 43, s. 2011;
(v) the program/projects beneficiaries as identified in the applicable special provisions;
(vi) status of implementation and program/project evaluation and/or assessment reports; and
(vii) annual procurement plan, contracts awarded and the name of contractors/suppliers/consultants.
The respective heads of the agencies shall be responsible for ensuring compliance with this section.