Transcription of BASIC CONCEPTS IN BUDGETING - Department of Budget …
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BASIC CONCEPTS IN BUDGETING 1. What is a fund? The word "fund" in government has taken several meanings or connotations. Itis sometimes used to refer an appropriation which is a legislative authorization to spend or an allotment which is an authorization by the Department of Budget and Management (DBM) to obligate, or as actual cash available. 2. What basis law governs the use of government funds? The following provision of the Philippines Constitution sets the BASIC rule for the use of government funds: "Art. VI, Sec. 29. No money shall be paid by the Treasury except in pursuance of an appropriation made by law.
BASIC CONCEPTS IN BUDGETING 1. What is a fund? The word "fund" in government has taken several meanings or connotations. It is sometimes used to refer an appropriation which is a legislative authorization to spend or an allotment which is an authorization by the Department of Budget and Management (DBM) to obligate, or as actual cash available. 2.
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