GOVERNMENT BUDGETING

Budget originated from the Middle English word "Bouget" that have derived from the latin word ______ which means "bag or purse".

It defined “budget” as the financial program of the National Government for a designated fiscal year, consisting of the statements of estimated receipts and expenditures for the fiscal year for which it was intended to be effective based on the results of operations during the preceding fiscal years.

It defined budget as the delineation of the services and products, or benefits that would accrue to the public together with the estimated unit cost of each type of service, product or benefit.

Budget is identified as the financial plan of the government or "the master plan of government"

States raised revenues through _____?

The Philippine Budget System has been greatly influenced by _____ public financial institutions.

It was created within the Department of Finance by the Jones Law to discharge the budgeting function, and was given the responsibility to assist in the preparation of an executive budget for submission to the Philippine Legislature.

As early as under the ________, a budget policy and a budget procedure were established, and subsequently strengthened through the enactment of laws and executive acts.

The president who created the Budget Commission to serve as the agency that carried out the President’s responsibility of preparing the budget.

Under what Executive Order is the Budget Commision that was created by President Manuel L. Quezon on April 25, 1936?