12 Questions
What is the purpose of a Budget Execution Document (BED)?
To summarize an agency's fiscal year plans and performance targets
Which of the following is NOT included in a Budget Execution Document (BED)?
List of obligations that are not yet due and demandable
Who formulates the Allotment Release Program (ARP)?
Department of Budget and Management (DBM)
Which entities are considered major recipients of the budget according to the text?
National Government Agencies (NGAs)
What is the role of the Allotment Release Program (ARP) in budget execution?
To set the limit for allotment releases to ensure compliance with the national budget
Which agencies fall under the category of Local Government Units (LGUs) according to the text?
(d) All of the above
What is the purpose of an 'Allotment' in government financial management?
To authorize government agencies to incur obligations specified in the legislative appropriation
What is the key function of a Special Allotment Release Order (SARO) in releasing allotments to government agencies?
To govern the release of budgetary items categorized under For Later Release
What does General Allotment Release Order (GARO) provide to national government agencies?
Comprehensive authority to incur obligations within an authorized amount and period
Which document serves as the obligational authority for the comprehensive release of budgetary items appropriated in the GAA?
General Appropriations Act Release Document (GAARD)
What action binds the government to the immediate or eventual payment of a sum of money?
Obligation
When do government agencies obtain access to government funds according to the given text?
When they are issued Disbursement Authority by DBM
Learn about the phase in the government budget cycle where funds are spent, including the issuance of guidelines and Budget Execution Documents (BEDs) by the DBM. Explore the components of a BED and understand how agencies plan and track their financial activities.
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