CAGAYAN STATE UNIVERSITY

COLLEGE OF BUSINESS ENTREPRENEURSHIP AND ACCOUNTANCY

BSBA-FINANCIAL MANAGEMENT
First Semester 2023-2024

PUBLIC FINANCE (FM Elec 5) – 3 units –

Prerequisite: FM1
BSBA-FM3

I. INTRODUCTION 1HR
II. THE ROLE OF PUBLIC FINANCE 8
A. What is public finance?
B. Why study public finance?
C. Private vs. Public finance
D. The changing role of the government in the economy
E. Public finance and the changing role of the government.

III. SOME THEORIES ON GOVERNMENT SPENDING 8

A. The concept of full employment
B. Types of unemployment
C. Basic premises in government spending
D. Compensatory spending in the long-run
E. Budget program for stability and full employment
F. Somer’s principles of government expenditure

IV. GOVERNMENT BUDGETING IN THE PHILIPPINES 8

A. Budgeting principles and theories
B. Constitutional provisions of budgeting
C. Organization of budget committee
D. Contents of the budget
E. Budgetary procedures or cycle
F. Issues and problems on government budgeting
MIDTERMS 2

V. PERFORMANCE BUDGETING IN THE PHILIPPINES 3

A. Concept of the Philippine budget system

B. Areas of reform

VI. GOVERNMENT EXPENDITURES BY FUNCTION 8

A. Patterns and trends of expenditures
B. The Philippine expenditure policies
C. Classification of Philippine public expenditures
D. Functional categories
E. Goals of government expenditure
VII. ANALYZING THE TAX SYSTEM 6
A. Tax principles and theories
B. Approaches to taxation
C. Tax efficiency Shifting and incidence

VIII. ORGANIZATION FOR TAX POLICY PLANNING AND TAX

ADMINISTRATION 4
A. Organization for tax policy planning
 B. Organization for tax administration
C. Process involved in tax administration
D. Recent reforms
IX. ECONOMIC ASPECT OF THE PUBLIC DEBT 4
A. Public vs. private debt
B. Reason why government borrows
C. The burden of debt
D. Economic effects of borrowing
FINALS 27
TOTAL HOURS 54
References:
1. Seidman, Laurence.Public Finance.McGraw-Hill International Edition
2009
2. Arson, Richard. Public Finance, McGraw-Hill Inc: USA-2012
3. Briones, Leonor M. Philippine Public Fiscal Administration.2011
4. Celesto, A et al. Handbook of Local Fiscal Administration in the
Philippines. Kadena press foundation Inc:2000
5. Reference book on local government, 2nd edition, REX bookstore: Manila
2000
6. Rosen, Harvey. Public Finance 8th edition. McGraw-Hill Inc: USA-2011
7. DBM journals and circulars

Web references:
1. https://www.wallstreetmojo.com/public-finance/
2. https://www.slideshare.net/nithineconomics/public-finance-
128632819?f