Professional Documents
Culture Documents
(PHILIPPINES SETTING)
Presented by:
MERAFE A. EBREO
Government Budget
A plan for financing the government
activities of a fiscal year preparedand
submitted by responsible executive to
arepresentative body whose approval
andauthorization are necessary before the plan
can beexecuted. It is more than mere estimate
orstatement of receipts and expenditures; it is
adefine proposal to be approved or rejected.
Advantages of Budgeting
1.Action is based on study.
2. Cooperation is secured in the entire organization.
3. Policies are established.
4. Programs of activities are related to expected or
available resources and economic conditions.
5. Balanced Programs are developed.
6. Coordinated effort is attained.
7. Operations are controlled.
8. Weaknesses in the government are revealed.
9. Wastes are prevented.
Kinds of Budgets
I. As to Nature:
A. Annual Budget- a budget which covers a period of
one year. It is the basis of an Annual appropriation.
B. Supplemental Budget- a budget which purports to
supplemental or adjust a previous budget which is
deemed to inadequate for the purpose for which is
intended.
C. Special Budget- a budget of special in nature and
submitted in a special forms on account of the fact
that itemizations are not adequately provided in the
Appropriation Act or that amounts are not included
in the Appropriation Act.
II. As to Basis
A. Performance Budget- a budget
emphasizing the programs or services
conducted and based on functions, activities
and projects which focus attention upon the
general character and nature of work to be
done upon services to be rendered rather
than the things to be acquired such as
personal services, supplies and equipment.
B. Line Item Budget- a budget the basis of
which are the objects and expenditures such
as salaries and wages, travelling expenses,
freight, supplies, materials, equipment etc.
III. As to Approach and Technique
A. Zero-Based Budgeting- a process which
requires systematic consideration of all
programs, projects and activities with the use
of the defined ranking procedures.
IV. Other Forms of Budget