The government budget is a plan that estimates revenues and expenditures for government programs and projects for the fiscal year. It is prepared by the executive branch and must be approved by the legislative branch. The budget allocates funds for operations, salaries, capital projects, and debt repayment from sources like taxes and borrowings. It supports the national development plan through a multi-step process of preparation, authorization, implementation, and accountability.
During the preparation phase, the Executive prepares the proposed National Budget. This is followed by the legislation phase where the Congress authorize the General Appropriations Act. In the execution phase, agencies utilize their approved budgets and during the accountability phase the executive phase, agencies utilize their approved, the executive monitor and evaluate the use of the budget
During the preparation phase, the Executive prepares the proposed National Budget. This is followed by the legislation phase where the Congress authorize the General Appropriations Act. In the execution phase, agencies utilize their approved budgets and during the accountability phase the executive phase, agencies utilize their approved, the executive monitor and evaluate the use of the budget
The Constitutional and Legal Basis of Public Finance in the PhilippinesLym Relampagos Ongoy
Presentation Report for MPA 457 Public Fiscal Administration. Majority of the topic taken from the book of Secretary Leonor Magtolis Briones "Philippine Public Fiscal Administration".
BUDGET PROCESS OF THE PHILIPPINE NATIONAL GOVERNMENT, Report for PA1-Introduction to Public Administration, College of Public Administration - Tarlac State University
The Constitutional and Legal Basis of Public Finance in the PhilippinesLym Relampagos Ongoy
Presentation Report for MPA 457 Public Fiscal Administration. Majority of the topic taken from the book of Secretary Leonor Magtolis Briones "Philippine Public Fiscal Administration".
BUDGET PROCESS OF THE PHILIPPINE NATIONAL GOVERNMENT, Report for PA1-Introduction to Public Administration, College of Public Administration - Tarlac State University
Biodiversity is the degree of variation of life. This can refer to genetic variation, species variation, or ecosystem variation. Biologists most often define biodiversity as the "totality of genes, species, and ecosystems of a region".
In modern industrial economies, the budget is the key instrument for the execution of government economic policies. A government budget is often passed by the legislature, & approved by the chief executive-or president. For example, only certain types of revenue may be imposed & collected. Property tax is frequently the basis for municipal & county revenues, while sales tax &/or income tax are the basis for state revenues, & income tax & corporate tax are the basis for national revenues.
Budgetary Considerations in Governmental AccountingNeveenJamal
The main purpose of government is to provide a variety of services to their citizens.
Most of governmental resources are derived from those who pay taxes, but most tax payer do not pay taxes.
Therefore, It can be said that the various services provided by government must compete with each other for scarce resources.
Budget is a process that provides for accumulating resources and for allocating them among competing programs.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2. A government budget is a plan for financing
the government activities of a fiscal year prepared
and submitted by responsible executive to a
representative body whose approval and
authorization are necessary before the plan can be
executed. It is more than mere estimate or
statement of receipts and expenditures; it is a
define proposal to be approved or rejected.
3. 1.Action is based on study.
2. Cooperation is secured in the entire organization.
3. Policies are established.
4. Programs of activities are related to expected or
available resources and economic conditions.
5. Balanced Programs are developed.
6. Coordinated effort is attained.
7. Operations are controlled.
8. Weaknesses in the government are revealed.
9. Wastes are prevented.
4. I. As to Nature
A. Annual Budget- a budget which covers a period of one
year. It is the basis of an Annual appropriation.
B. Supplemental Budget- a budget which purports to
supplemental or adjust a previous budget which is
deemed to inadequate for the purpose for which is
intended.
C. Special Budget- a budget of special in nature and submitted in a
special forms on account of the fact that itemizations are not
adequately provided in the Appropriation Act or that amounts are
not included in the Appropriation Act.
5. II. As to Basis
A. Performance Budget- a budget emphasizing the programs
or services conducted and based on functions, activities and
projects which focus attention upon the general character and
nature of work to be done upon services to be rendered rather than
the things to be acquired such as personal services, supplies and
equipment.
B. Line Item Budget- a budget the basis of which are the objects
and expenditures such as salaries and wages, travelling expenses,
freight, supplies, materials, equipment etc.
6. III. As to Approach and Technique
A. Zero-Based Budgeting- a process which requires
systematic consideration of all programs, projects and
activities with the use of the defined ranking
procedures.
7. IV. Other Forms of Budget
A. Regional Budgeting- is a budget prepared consistent
with the regional organization of the National
Government, wherein the DBM identifies by
region the expenditures of government agencies
and releases of funds also on a regional basis.
B. Long-Term-Budget- is a budget prepared for four or
five year period or longer; longer range estimate
revenue and expenditures requirements.
8. C. Key Budgetary Inclusions- refer to financial
commitments of agencies pertaining to budget
year. KBIs are maintained for the purpose of
1. controlling major financial
commitments so that funds are not
misappropriated or to prevent juggling of funds.
2. to disclose the funds and have clear
picture of the expenditures; and . To track down
mandatory obligations and insure funding of
priority projects
9.
10. 1. The formulation of the budget that supports the
national development plan and reflects the
objectives and strategies of the plan.
2. The preparation of budget within the context of
the total resources of government, including
revenues and receipts, expenditures and
borrowings of national and local government
units, including government and controlled
corporation.
3. The preparation of the annual budget as an
integral part of a long-term plan and long-term
budget program
11. 4. The specification of multi-year requirements in each
state of the budget process.
5. The preparation of the budget at the regional level,
consolidation and review at the department and central
levels, taking into consideration the goals, plans and
requirements of the regional offices in the interest of
full government response to local thinking and
initiative.
6. The implementation and timing of major development
projects which may affect the infrastructure program,
debt ceilings, domestic credit, balance of international
payments and determination of expenditure levels to
insure the observance of established fiscal, monetary,
international payment and other constraints.
12. 7. Analysis of budget estimates on a zero-base approach
rather than on percentage or incremental approach.
8. Basis for legislative discussion of the budget, limiting
the time allotted for debate on the budget by the
legislative body, thereby ensuing that the budget is
approved before the start of the fiscal year.
9. Adoption of a management information system for
effective performance monitoring and financial
evaluation and the development of standard costs for
units of work measurement, in order to efeectively
evaluate agency programs.
13. It is the government’s estimate of its income and
expenditures. It is what the government plans to
spend it for programs and projects and where the
money will come from.
Two major sources of money for our National Budget:
1. Revenues
2. Borrowings
14. Four Process of Budgeting
• Budget Preparation- this place covers
the estimation of government revenues,
the determination of budgetary
priorities and activities and the
translation of these priorities and
activities into budgetary estimates.
15. • 2.Budget Authorization- this phase
includes the legislative body reviews
the budget proposals of the President
and formulates an appropriation act
in accordance with the process
specified in the Constitution.
16. 3. Budget Implementation/ Execution-
This phase covers the various operational
aspects of budgeting. This is the point
where the agency can make use of the
approved appropriation.
17. • Budget Accountability- this phase of
the budget process is concerned with
tracking and monitoring of actual
expenditures, revenues, assets and
liabilities of government agencies. It
is particularly involved in the
evaluation of expenditures and
performance.
18. It is allocated for the implementation
of various programs and projects, the
operation of government offices,
payment of salaries of government
employees and payment of public debts.
•
19. • Expenditures by expense class show how
much is much is provided:
• 1. Current Operating Expenditures-
appropriations for the purchase of goods
and services for conduct of normal
government operations within a budget
year; such as the salaries, maintenance
and operating expenses, interest payment
etc.
20. • 2. Capital Outlays- appropriations of
goods and services the benefits of which
extent beyond the budget year and which
add th the assests of the government
including investments in the capital stock
of government oend or controlled
corporations.
21. • 3. Net Lending- net advances by the
national government for the servicing
of government guaranteed corporate
debt and loans outlays by the national
government corporations
22. • 4. Debt amortization- contribution to
the sinking fund which is utilized for
principal repayments of our loans