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Budget Legislation Process Overview

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Questions and Answers

What is the purpose of a Continuing Appropriation?

To allocate funds for new projects

To support obligations for a specific purpose or project beyond the budget year (correct)

To constitute funds derived from business-type activities

To augment the original appropriations

When can Unprogrammed Funds be availed according to the text?

When any revenue collection occurs

When there is a need for additional appropriations

When new loans for foreign-assisted projects are secured

When revenues collected exceed targets in the BESF (correct)

What are Automatic Appropriations programmed for annually?

New projects

Sources of funds not considered in the BESF

Specific purposes beyond the year

Periodic action by Congress (correct)

What distinguishes New General Appropriations from Continuing Appropriations according to the text?

Annual authorization for incurring obligations (B) Signup and view all the answers

Retained Income Funds are authorized by law to be used directly by agencies for what purpose?

For operation or specific purposes (D) Signup and view all the answers

What triggers the availability of Unprogrammed Funds according to the text?

'Conditions' being met for other fund sources (D) Signup and view all the answers

What is the purpose of the Bicameral Conference Committee?

To harmonize conflicts between the Representatives and Senate versions of the General Appropriations Bill (GAB) (D) Signup and view all the answers

When does the Senate start its deliberations on the General Appropriations Bill (GAB)?

After receiving the GAB from the House of Representatives (A) Signup and view all the answers

What legislation converts the budget into law in the Philippines?

General Appropriations Act (GAA) (C) Signup and view all the answers

Which branch of government prepares the General Appropriations Bill (GAB)?

Legislative (B) Signup and view all the answers

During which stage can the President exercise veto power in the budget enactment process?

President's Enactment (B) Signup and view all the answers

What is required for government funds to be spent according to the Philippine Constitution?

Approval by law through an appropriation (D) Signup and view all the answers