The Department of Budget and Management (DBM) defines fiscal space as the available funding that the government could use for its priority programs. Fiscal space is computed as the difference between projected obligations ceilings (after considering projected revenues and deficit …
The Department of Budget and Management (DBM) defines forward estimates (FEs) as projections or estimation of the future costs of existing policies. It also serves as the validation instrument of determining the reasonable levels of agency proposals on existing programs/activities/projects. …
An obligational authority is a document issued by the Department of Budget and Management (DBM) to a government agency authorizing the agency to incur obligations or enter into a contract. There are several forms of obligational authority. These documents include …
A budget call, is budget document, usually in the form of a National Budget Memorandum, issued by the Department of Budget and Management (DBM) at the start of the budget preparation phase. The budget call contains, among others, the budget …
Agency Performance Review (APR) refers to the process of determining the level of accomplishment of each agency in terms of major final outputs, income generated, and actual expenditures incurred in the production/delivery of goods and services to the public vis-à-vis …
Accounts payable (A/P) pertains to obligations/ commitments of national government agencies, whether current year and prior years, for which services have been rendered, goods have been delivered or projects have been completed and accepted. Prior Year’s Accounts Payable (PY A/P) …
Augmentation is the act of the constitutional officers (i.e., President, Senate President, Speaker of the House of Representatives, Chief Justice of the Supreme Court, and Heads of Constitutional Offices such as the Commission on Audit, Commision on Election, and Civil …
In general, savings refer to portion or balances of any released appropriations which have not been obligated as a result of circumstances or events as identified in an Appropriation Act. The meaning of savings varies from one Appropriation Act to …
An Advice/Authority to Debit Account (ADA) refers to the accountable disbursement document which serves as notice to the Modified Disbursement System – Government Servicing Bank (MDS- GSB) (i.e., Landbank of the Philippines, Development Bank of the Philippines, or Philippine Veterans …
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