Here is an infographic on the four phases of the Budget Cycle implemented by the DBM
The four phases of the Budget Cycle overlap in continuing cycles. While the Executive Branch implements the Budget for the current year, it also prepares the Budget for the next fiscal year and defends it before Congress. The government monitors, evaluates, and reports on actual performance year-round. This schedule is based on Joint Circular No. 2017-1 issued on June 30, 2017 by the Department of Budget and Management, Department of Finance, and the National Economic and Development Authority.