NAME:_______________________________________
I. Fill In the blanks
1 the critical exercise of allocating revenues and borrowed funds to
attain the economic and socia l goals of the country.
2 Government Agency in charge of the national budget of the Philippines.
3 is the legislative authorization thatcontains the new appropriations
covering expenditures of the philippines.
4 After appropriation, Government Agency recieves this from DBM
that the sad agency can now commit obligation for its operation.
5 It is a process where DBM receives proposed budget from different
Government Agency that will be subjected for review.
6 It is the notice received by the Government Agency that they can now
pay their obligations coming from National Government Fund
7 It is the power of the president to not approve a whole or part of budget.
8 This is an allotment refers to recurring expenses to cover day-to-day
requirements of agencies to carry out their regular operations.
9 refer to the provisions for the payment of salaries, wages and other
compensation/benefits
10 What do you call for the budget system used by philippine Government.
II. TRUE OF FALSE
1 Local Government has no own income as they remit all their income
to the National Government.
2 When DBM receives no budget proposal, the will use the previous
budget used by that agency.
3 Transfer of government funds from one officer to another is permitted
only when is allowed by law or ragulation.
4 All government agency has no income recognize as they do public
service that is why they do not charged.
5 NCA is treated as part of the shared income of a government agency
from the national Government.
6 Primarily liable for the agency budget is the officer currently holding
the fund and the officer before him is free from liability.
7 Municipality has more allotted budget than the city from National
Government
8 Capital Outlay is used for paying salaries of the government agency.
9 All excess fund by government agency shall be kept and will be use
as a deduction in next year's budget requirement.
10 The president has the power to Veto part or all of the budget passed
by the senate
NAME:_______________________________________
I. Fill In the blanks
1 the critical exercise of allocating revenues and borrowed funds to
attain the economic and socia l goals of the country.
2 Government Agency in charge of the national budget of the Philippines.
3 is the legislative authorization thatcontains the new appropriations
covering expenditures of the philippines.
4 After appropriation, Government Agency recieves this from DBM
that the sad agency can now commit obligation for its operation.
5 It is a process where DBM receives proposed budget from different
Government Agency that will be subjected for review.
6 It is the notice received by the Government Agency that they can now
pay their obligations coming from National Government Fund
7 It is the power of the president to not approve a whole or part of budget.
8 This is an allotment refers to recurring expenses to cover day-to-day
requirements of agencies to carry out their regular operations.
9 refer to the provisions for the payment of salaries, wages and other
compensation/benefits
10 What do you call for the budget system used by philippine Government.
II. TRUE OF FALSE
1 Local Government has no own income as they remit all their income
to the National Government.
2 When DBM receives no budget proposal, the will use the previous
budget used by that agency.
3 Transfer of government funds from one officer to another is permitted
only when is allowed by law or ragulation.
4 All government agency has no income recognize as they do public
service that is why they do not charged.
5 NCA is treated as part of the shared income of a government agency
from the national Government.
6 Primarily liable for the agency budget is the officer currently holding
the fund and the officer before him is free from liability.
7 Municipality has more allotted budget than the city from National
Government
8 Capital Outlay is used for paying salaries of the government agency.
9 All excess fund by government agency shall be kept and will be use
as a deduction in next year's budget requirement.
10 The president has the power to Veto part or all of the budget passed
by the senate