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Public finance is the study of how governments raise and spend money to provide public goods and services, and how to manage their finances effectively.
The U.S. Treasury must sell Treasury bonds, bills, and notes to raise the money to cover the deficit and fund regular government operations.
A sale of municipal securities by an issuer to the underwriter offering the best bid (lowest net or true interest cost) in open competitive bidding.
Failure by the issuer to pay the principal or interest due on a bond, or failure to fulfill other agreed upon legal and contractual obligations.
. The U.S. Treasury must sell Treasury bonds, bills, and notes to raise the money to cover the deficit and fund regular government operations
An increase in the value of an asset.
The requirement that certain issuers of municipal obligations file annual reports concerning financial and operating data presented in an official statement.
Current acting secretary of DBM
No budget was allotted for Bangsamoro Autonomous Region because they have their own form of government.
Deficit Budget means profits are anticipated.
Expenditure categories within a program area that relate to specific organizational goals or objectives.
Expenditures are a use of cash, and to the extent that they are greater than __________, there is a deficit.
It aims at eliminating the business fluctuations and its impact on the economy
Group and families can have budgets.
Study of finance related to government entities.
Insurance that guarantees the timely payment of principal and interest to bondholders.
Public finance is the management of a country’s revenue, ___________, and debt load through various government and quasi-government institutions.
For 2020 budget, the treasury bill rate that we used is 5% to 6%.
We are using Dinar foreign exchange rate in the preparation of annual budget.
Department of Budget and Management was created under
A static budget remains unchanged over the life of the budget
Inflation rate for the year 2019 as set by DBM range of 2.7 to 3.5.
The annual request for capital project appropriations. Project appropriations are normally only for that amount necessary to enable the implementation of the first year of the capital program expenditure plan.
Initially, deficit spending and the resultant debt will boost economic growth
A rate which, when applied to the coming year’s assessable base, exclusive of the estimated assessed value of property appearing on the tax rolls for the first time (new construction), will produce tax revenue equal to that produced in the current tax year.
Liberalization of rice importation eliminates price hike.
Specific factors affecting potential expenses are addressed and monitored
A surplus budget remains unchanged over the life of the budget.
Total borrowings that will be sourced locally to finance the FY2020 national budget
Peace and national security covers the judiciary in the national budget.
It aims at reducing the inequalities through redistribution of income and wealth
A type of grant that may only be used for a specific program that is usually limited to a narrowly defined activity.
Under National Health Insurance there are premiums to be shouldered by the government
The statutory or constitutional maximum debt that an issuer can legally incur.
The mandate of Department of Budget and Management is for effective and efficient management of government resources.
A bond secured by the pledge of more than one source of repayment, often project revenue and taxing power.
Corporate budgets are essential for operating at efficiency.
Initially, deficit spending and the resultant debt will boost __________________.
The date of a bond issue from which the bondholder is entitled to receive interest even though the bonds may actually be delivered at some other date.
LTO target collection for FY 2020 national budget in terms of peso
DBM secretary from 2010-2016
In the 2020 budget, government allotted billions and billions of pesos for corona virus pandemic
International institution that provides loans and grants to the government
A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
BIR target collection for FY 2020 national budget in terms of peso
Business is a wonderful tool for managing your finances, but many people think it's not for them.
Local Government units (LGUs) have shares from excise taxes on tobacco pursuant to RA 240.
Build, build , build program was under Department of Health
Budgets are developed for all the different subsidiaries, divisions, and departments within an organization. For a manufacturer, a budget is often developed for direct materials, labor, and overhead
The Department of Public Works and Highway got the second biggest amount of budget for the year 2020.
GDP target for the year 2020 is 4.9%.
Charges levied for violations of laws, regulations, or codes.
Corporate budgets are essential for operating at peak efficiency.
A portion of bond proceeds that are set aside to pay interest on the bonds until the projects funded by those bonds are built, operating, and capable of generating revenues for making debt service payments.
Accounting entities for assets the county does not own but must use for certain purposes, such as escrow de-posits held by the county and retiree group insurance reserves.
A type of residential property tax relief in which benefits depend on income and/or wealth and property tax payments.
A payment of money imposed upon new property developments as a condition of approval from the county.
An analytical technique that compares the costs and benefits of proposed programs or policy actions.
A long-term rental agreement that transfers substantial rights and obligations for the use of an asset to the lessee and, generally, ownership at the end of the lease.
A fund established to finance and account for the acquisition, operation, and maintenance of governmental facilities and services that are wholly or partially supported by user charges/fees
Cash spending increases the amount of money in the economy.
The process in which, at the end of one fiscal year, appropriation authority for previously-approved encumbrances and un-expended grant and capital funds are carried forward to the next fiscal year.
Duties and taxes on imported goods
President George W. Bush's stated budget deficits totaled about $2 trillion. But he added about $15 trillion to the debt
The main component of public finance related to collecting
This includes the preparation, passing and implementation of government budget and various government policies.
It is the use of computer networks to facilitate transactions involving the production, distribution, and sale and delivery of goods and services in the marketplace.
Roads are examples of
Bonds that are redeemable by the issuer prior to the specified maturity date at the specified price at or above par.
Total borrowings from abroad to finance the FY 2020 national budget
DBM secretary from 2016 to 2019
Asia region is also expected to grow by 4.7%
A country’s financial position can be evaluated in much the same way as a business’ ___________________.
A legal contract between the county government or an agency as employer and a certified representative of a recognized bargaining unit for specific terms and conditions of employment; e.g., hours, working conditions, salaries, or employee benefits.
___________ is the main revenue source for governments.
The investment requirements in terms of pesos in 2020 is greater than 2021
Irrigation development is also under Peace and national security in the national budget.
Specific factors affecting ____________________ expenses are addressed and monitored.
. Expenditures are everything that a government actually spends money on, such as social programs, education, and __________.
BIR belongs to the cabinet of the office of the President
Deficit spending increases the amount of money in the economy
. Issues occur if the Philippine government lets the value of the dollar.
A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and on a periodic basis.
The greater the percentage rate of inflation the better it is for the economy.
_____________ are assessments made by investor advisory companies, also known as rating agencies, of credit quality or, conversely, the risk that the borrowing government will not make scheduled payments of principal and interest.
Proposed Budget for 2020 is PhP 4.100 B
BOC target collection for FY 2020 national budget in terms of peso
Cash are an integral part of running any business efficiently and effectively.
To ensure soundness of the country’s debt portfolio, the government implemented reforms on Treasury Single Account (TSA)
The actual growth rate in 2018 is greater than 2020 projection
The process by which a stream of tax liabilities becomes incorporated into the price of an asset.
Budgeting is a wonderful tool for managing your finances, but many people think it's not for them.
Balance means profits are anticipated
Philippine National Police approved budget for FY 2020
Individuals and families can have budgets
President Manuel L. Quezon is a commonwealth president and not democratic president.
They may demand higher interest rates to offset any perceived increased risks.
Reducing corporate income tax rate is included in the second package of Comprehensive Tax Reform
. ________________ is a plan of what the government intends to have as expenditures in a fiscal year
Countries in the developing world are expected to grow at 4.7 % in 2020
The Police is not the best unemployment solution
A form of short-term tax-exempt debt issued by state and local governments that matures within a short period (less than 365 days) from the date of Issue.
If the government has less expenditures than it collects in taxes, there is a _____________.
Budgets are an integral part of _______________ any business efficiently and effectively.
A special fund, often held by the trustee or other fiduciary, into which the net proceeds of an issue are deposited and are to be used to pay project costs.
Department of Budget and management was created on
The national debt is the ____________________ of each year's deficit
President George W. Bush's stated budget deficits totaled about $3 trillion. But he added about $5 trillion to the debt
If the government has a deficit (spending is greater than revenue), it will fund the difference by borrowing money and issuing ________________.
The Philippines economy grew by a modest rate of 6.2% in 2018.
Philippines got a good credit standing due to its downward trend in national government debt from 41.9% to 40.8%.
Goods that purchased by the high income group with higher taxes on
The amount by which expenditures exceed revenues during an accounting period.
Build, build , build program is under DPWH and DOTR.
Much of the government’s ___________ is a form of income or wealth redistribution, which is aimed at benefiting society as a whole.
An accounting commitment that reserves appropriated funds for a future expenditure
The government allotted PhP 18.4 B to support farmers and fishermen.
Total borrowings to finance the FY 2020 national budget
The Department of Environment and Natural Resources got the biggest amount of budget for the year 2020.
Assets held by the county in a trustee capacity or as an agent for individual private organizations, other governmental units, and/or other funds.
Dubai crude oil is not included in the macroeconomic assumption in making budget.
If the government spends more than it collects, then there is
Whether the money goes to jet fighters, bridges, or education, it ramps up production and creates jobs.
A budget deficit occurs when a country
An effort to manage cash flows in such a way that interest and penalties paid are minimized and interest earned is maximized.Categorical Gran
The Supreme court ruling in April 2019, local government units (LGUs) will receive an estimated 30% higher shares of the IRA starting FY 2022.
A funding source for the Capital Budget that is provided for annually within the Operating Budget from general, special, or enterprise revenues.
Detachable portions of a bond presented by its holder to bond issuer’s paying agent to document interest due
Issues occur if the U.S. government lets the value of the peso.
Former name of DBM
The debt is the accumulation of each year's deficit
Bureau of Treasury is under Department of Finance
Macroeconomic assumptions are important in the preparation of national budget.
A plan of the what the government intends to have as expenditures for the whole year
Sales tax and income tax are examples of
Fill up the gap when public expenditures exceeds public income
The importance of budgeting cannot be understated
Population in the elementary enrolees is greater than the population enrolees in the secondary level
A tax levied on the purchase of a particular commodity.
For 2021, Philippines is aiming for 11.5 growth rate
The importance of budgeting cannot be understated.
A budget occurs when a country
Social Services got the highest share in 2020 budget
Whether the money goes to jet fighters, bridges, or education, it ramps up production and creates jobs
Company budgets are essential for operating at peak efficiency
Budgets are developed for all the different subsidiaries, divisions, and departments within an organization. For a manufacturer, a separate budget is often developed for direct materials, labor, and overhead
This is a source of ____________ for the government.
Payment made to employees in return for services performed.
Everything that a government actually spends money
The decline of the useful life of a fixed asset over a determined period of time attributable to wear and tear, deterioration, action of the physical elements, inadequacy, and obsolescence.
A special taxing district created to finance the costs of infrastructure improvements necessary for the development or redevelopment of land of high priority to the county.
Governmental effort involving expenditures and funding for the creation, expansion, renovation, or replacement of permanent facilities and other public assets having relatively long life.
Income derived from lending money
Expenses paid by the issuer directly related to the authorization, sale, and issuance of bonds.
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