PF Lesson 2

It is sometimes used to refer an appropriation which is a legislative authorization to spend or an allotment which is an authorization by the Department of Budget and Management (DBM) to obligate.

Answer explanation

Fund

actual cash available

Answer explanation

Fund

What article?

"No money shall be paid by the Treasury except in pursuance of an appropriation made by law."

Answer explanation

Art. VI, Sec. 29.

Art. VI, Sec. 29. states that

Answer explanation

"No money shall be paid by the Treasury except in pursuance of an appropriation made by law."

also establishes the need for all government entities to undergo the budgeting process to secure funds for use In carrying out their mandated funtions, programs and activities .

Answer explanation

"Art. VI, Sec. 29. No money shall be paid by the Treasury except in pursuance of an appropriation made by law."

What basis law governs the use of government funds?

Answer explanation

"Art. VI, Sec. 29. No money shall be paid by the Treasury except in pursuance of an appropriation made by law."

President signs the General Appropriation Bill into law or what is known as the General Appropriations Act (GAA).

is the financial plan of a government for a given period, usually for a fiscal year, which shows what its resources are, and how they will be generated and used over the fiscal period.

Answer explanation

government budget

The _ is the govemment's key instrument for promoting its socio-economic objectives.

Answer explanation

budget

The _ also refers to the income, expenditures and sources of borrowings of the National Government (NG) that are used to achieve national objectives, strategies and programs.

Answer explanation

government budget