Professional Documents
Culture Documents
refer
to
appropriations for the purchase of goods and services for
current consumption or for benefits expected to terminate
within the fiscal year. Current Operating Expenses are
classified into:
1. Personal Services
2. Maintenance and Other Operating Expenses
b.
Capital Outlays refer to appropriations for the
purchase of goods and services, the benefits of which extend
beyond the fiscal year and which add to the assets of
government, including investments in the capital of
government-owned and controlled corporations and their
subsidiaries as well as investments in public utilities such as
public markets and slaughter houses.
CLASSIFICATION OF EXPENSES
a. Personal Services (PS) include basic pay, all authorized
allowances, bonus, cash gifts, incentives and other personnel
benefits of officials and employees of the government.