Αποτελέσματα Αναζήτησης
This part describes the budget formulation process in the Philippines. The first section is devoted to highlighting several special characteristics of Philippine budgeting. The second section outlines the key steps in the annual budget formulation process.
The FY 2010 fiscal stance addresses the challenge of keeping the momentum of the economy growing amidst the uncertainty resulting from the ongoing global financial crisis.
This profile offers a general overview of the Philippine system of budgeting at national level. Special characteristics of the Philippine budget process are examined, such as a commitment to fiscal discipline and the national planning function.
In 2010, the Philippine government spent a total of ₱1.5 trillion and earned a total of ₱1.2 trillion from tax and non-tax revenues, thus resulting to a total deficit of ₱314.5 trillion. [5]
The Philippine economy continued to improve in the fourth quarter of 2010 with the country’s real Gross Domestic Product (GDP) growing by 7.1 percent on account of significant expansions in the industry and services sectors. Unemployment during the review period was unchanged from the 7.1 percent rate recorded a year ago as the
REPUBLIC OF THE PHILIPPINES Department of Budget and Management Building I, General Solano Street, San Miguel, Manila [BUDGET CIRCULAR ~ No. 2010-3 November 50" 2010 TO SUBJECT Heads of Departments, Bureaus, Offices, and Agencies of the National Government, Including State Universities and Colleges (SUCs), Government-Owned or Controlled
An Executive’s Budget Proposal is the government’s most important policy instrument. It presents how the government plans to raise revenues and where these funds are allocated, thus transforming policy goals into action. In Philippines, the budget proposal is fairly comprehensive, but gaps in information are found in the following areas:
