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BASIC CONCEPTS IN BUDGETING - Department of Budget …

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. 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.

  Basics, Concept, Budgeting, Basic concepts in budgeting

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