GABOTAF Update No. 1, s. 2024 — Latest Issuances and Circulars from DBM, COA, BIR, GSIS, PhilHealth, etc.
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Tag: BFARS
What’s the difference between Obligations and Disbursements?
Simply explained, you incur obligations when the pizza is served or delivered to you while disbursements happen when you pay for the pizza.