DBM and BIR

1. 1. What law was enacted to enhance the role of the Budget Commission as the fiscal arm and budgeting adviser of the President?

Answer explanation

The Revised Budget Act or Republic Act No. 992

2. 2. What is the Tagalog translation of DBM?

Answer explanation

Kagawaran ng Pagbabadyet at Pamamahala

3-5. What are the 3 strategic objectives in attaining 4 MFO's?

Answer explanation

(in any order) Fiscal Accountability, Effective Resource Allocation and Efficient Government Operation

6. 6. Give at least 1 function of BIR.

Answer explanation

Choose one) Reduction and collection of all internal revenue taxes, fees and charges enforcement of all forfeitures, penalties, and finds connected therewith, including the execution of judgements in all cases decided in its favor by the court of Tax and Appeals and the ordinary courts *it shall also give effect to the administer supervisory and police powers conferred to it by the National Internal Revenue Code and Special Laws

7-10. Give 4 reasons why BIR and DBM are important in our government?

Answer explanation

Revenue Generation, Fiscal Management, Transparency and Accountability and Economic Stability