The document discusses local government revenue generation and budgeting in the Philippines. It outlines various taxes, fees, and other revenue sources local governments can utilize. It also describes the budget preparation, authorization, review, execution, and accountability processes local governments must follow, including setting allocation priorities, the roles of executive and legislative branches, and factors that can affect budget implementation.

16. Budgeting Cycle

25. The review action by the reviewing authority may lead to either the declaration of the budget as to the following :

26. This phase involves the release and actual disbursement of funds for the identified functions – Work and Financial Plan and Request for Allotment