Podcast
Questions and Answers
What is the purpose of a Continuing Appropriation?
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 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?
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?
What distinguishes New General Appropriations from Continuing Appropriations according to the text?
Retained Income Funds are authorized by law to be used directly by agencies for what purpose?
Retained Income Funds are authorized by law to be used directly by agencies for what purpose?
What triggers the availability of Unprogrammed Funds according to the text?
What triggers the availability of Unprogrammed Funds according to the text?
What is the purpose of the Bicameral Conference Committee?
What is the purpose of the Bicameral Conference Committee?
When does the Senate start its deliberations on the General Appropriations Bill (GAB)?
When does the Senate start its deliberations on the General Appropriations Bill (GAB)?
What legislation converts the budget into law in the Philippines?
What legislation converts the budget into law in the Philippines?
Which branch of government prepares the General Appropriations Bill (GAB)?
Which branch of government prepares the General Appropriations Bill (GAB)?
During which stage can the President exercise veto power in the budget enactment process?
During which stage can the President exercise veto power in the budget enactment process?
What is required for government funds to be spent according to the Philippine Constitution?
What is required for government funds to be spent according to the Philippine Constitution?
