Podcast
Questions and Answers
What is the purpose of a Budget Execution Document (BED)?
What is the purpose of a Budget Execution Document (BED)?
- To estimate the annual income of an agency
- To release guidelines on fund utilization
- To list down obligations that are already due and demandable
- To summarize an agency's fiscal year plans and performance targets (correct)
Which of the following is NOT included in a Budget Execution Document (BED)?
Which of the following is NOT included in a Budget Execution Document (BED)?
- Monthly cash program
- Estimate of monthly income
- Physical and financial plan
- List of obligations that are not yet due and demandable (correct)
Who formulates the Allotment Release Program (ARP)?
Who formulates the Allotment Release Program (ARP)?
- Department of Budget and Management (DBM) (correct)
- Government Owned and Controlled Corporations (GOCCs)
- National Government Agencies (NGAs)
- Local Government Units (LGUs)
Which entities are considered major recipients of the budget according to the text?
Which entities are considered major recipients of the budget according to the text?
What is the role of the Allotment Release Program (ARP) in budget execution?
What is the role of the Allotment Release Program (ARP) in budget execution?
Which agencies fall under the category of Local Government Units (LGUs) according to the text?
Which agencies fall under the category of Local Government Units (LGUs) according to the text?
What is the purpose of an 'Allotment' in government financial management?
What is the purpose of an 'Allotment' in government financial management?
What is the key function of a Special Allotment Release Order (SARO) in releasing allotments to government agencies?
What is the key function of a Special Allotment Release Order (SARO) in releasing allotments to government agencies?
What does General Allotment Release Order (GARO) provide to national government agencies?
What does General Allotment Release Order (GARO) provide to national government agencies?
Which document serves as the obligational authority for the comprehensive release of budgetary items appropriated in the GAA?
Which document serves as the obligational authority for the comprehensive release of budgetary items appropriated in the GAA?
What action binds the government to the immediate or eventual payment of a sum of money?
What action binds the government to the immediate or eventual payment of a sum of money?
When do government agencies obtain access to government funds according to the given text?
When do government agencies obtain access to government funds according to the given text?
