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Philippine Government Budgeting
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Philippine Government Budgeting
by : Esther I. Solon
Budget
refers to a plan of expressing in monetary terms the operating program and means of financing of a government for a definite period of time
Budget Process
Budgeting
Importance
refers to methods and practices of government planning, adopting, and executing financial policies/programs
Government Budgeting
the critical exercise of allocating revenues and borrowed funds to attain the economic and social goals of the country
* national budget is spent for the implementation of various government programs and projects, the operations of government offices, and construction of buildings
* enables the government to plan and manage its financial resources to support the various programs and projects that best promote the development of the country
1. Preparation
2. Authorization
3. Execution
4. Accountability
Dimensions of Budget
* by sector
* by cost structure
* by expense class
* by object
* by region
* by type of appropriation