...growth rates, inflation rates, 91-day treasury bill rates, the London Interbank Offered Rates (LIBOR) rates, foreign exchange rates, population growth, and other economic parameters. The Department of Finance (DOF), the Bureau of the Treasury, the Bureau of Internal Revenue and the Bureau of Customs help the DBCC in determining the sources of financing. They project the revenues that will be generated for the budget year as well as the borrowings that may have to be tapped. The DBCC determines the overall economic targets, expenditure levels, the revenue projection, deficit levels and the financing plan. It submits them to the President and the Cabinet for approval. Once these are approved, the DBM issues the Budget Call. This requires agencies to prepare their budgets in accordance with the said guidelines, macro-economic assumptions, and ceilings. The DBM spells out guidelines, procedures, and timetables. Agencies undertake their own internal consultations. They rank programs, projects and activities using the capital budgeting approach. Then they submit their budget estimates, taking into account their own priorities and those of the national government under the Medium-term Public Investment Program (MTPIP). The DBM then conducts technical budget hearings where agencies defend and justify their proposals. Organizational and budgetary issues are clarified. The proposed expenditure programs are...
Words: 2514 - Pages: 11
...EXECUTIVE ORDER NO. 292 INSTITUTING THE “ADMINISTRATIVE CODE OF 1987” WHEREAS, the Administrative Code currently in force was first forged in 1917 when the relationship between the people and the government was defined by the colonial order then prevailing; chanroblespublishingcompany WHEREAS, efforts to achieve an integrative and over-all recodification of its provisions resulted in the Administrative Code of 1978 which, however, was never published and later expressly repealed; WHEREAS, the effectiveness of the Government will be enhanced by a new Administrative Code which incorporates in a unified document the major structural, functional and procedural principles and rules of governance; and WHEREAS, a new Administrative Code will be of optimum benefit to the people and Government officers and employees as it embodies changes in administrative structures and procedures designed to serve the people; NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by the powers vested in me by the Constitution, do hereby promulgate the Administrative Code of 1987, as follows: INTRODUCTORY PROVISIONS SECTION 1. Title. — This “Administrative Code of 1987.” Act shall be known as the SECTION 2. General Terms Defined. — Unless the specific words of the text, or the context as a whole, or a particular statute, shall require a different meaning: (1) Government of the Republic of the Philippines refers to the corporate governmental entity through which the functions of...
Words: 111254 - Pages: 446
...REPUBLIC ACT No. 9593 Tourism Act of 2009 and otherwise known as Its Implementing Rules and Regulations DOT Manual Guides.indd_edited.indd 1 1/26/2010 1:33:03 PM DOT Manual Guides.indd_edited.indd 2 1/26/2010 1:34:00 PM REPUBLIC ACT No. 9593 AN ACT DECLARING A NATIONAL POLICY FOR TOURISM AS AN ENGINE OF INVESTMENT, EMPLOYMENT, GROWTH AND NATIONAL DEVELOPMENT, AND STRENGTHENING THE DEPARTMENT OF TOURISM AND ITS ATTACHED AGENCIES TO EFFECTIVELY AND EFFICIENTLY IMPLEMENT THAT POLICY, AND APPROPRIATING FUNDS THEREFOR Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled: CHAPTER I GENERAL PROVISIONS SECTION 1. Short Title. – This Act shall be known as “The Tourism Act of 2009.” SECTION 2. Declaration of Policy. – The State declares tourism as an indispensable element of the national economy and an industry of national interest and importance, which must be harnessed as an engine of socio-economic growth and cultural affirmation to generate investment, foreign exchange and employment, and to continue to mold an enhanced sense of national pride for all Filipinos. Towards this end, the State shall seek to: (a) Ensure the development of Philippine tourism that is for and by the Filipino people, conserve and promote their heritage, national identity and sense of unity; (b) Recognize sustainable tourism development as integral to the national socio- economic development efforts to improve the quality of life of the...
Words: 45022 - Pages: 181
...DEL CASTILLO, ANJELAH AUBREY R. BSBA BLOCK-A I. THE PHILIPPINE DISASTER RISK REDUCTION AND MANAGEMENT SYSTEM REPUBLIC ACT No. 10121 AN ACT STRENGTHENING THE PHILIPPINE DISASTER RISK REDUCTION AND MANAGEMENT SYSTEM, PROVIDING FOR THE NATIONAL DISASTER RISK REDUCTION AND MANAGEMENT FRAMEWORK AND INSTITUTIONALIZING THE NATIONAL DISASTER RISK REDUCTION AND MANAGEMENT PLAN, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES. it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: Section 1. Title. - This Act shall be known as the "Philippine Disaster Risk Reduction and Management Act of 2010". Section 2. Declaration of Policy. - It shall be the policy of the State to: (a) Uphold the people's constitutional rights to life and property by addressing the root causes of vulnerabilities to disasters, strengthening the country's institutional capacity for disaster risk reduction and management and building the resilience of local communities to disasters including climate change impacts; (b) Adhere to and adopt the universal norms, principles and standards of humanitarian assistance and the global effort on risk reduction as concrete expression of the country's commitment to overcome human sufferings due to recurring disasters; (c) Incorporate internationally accepted principles of disaster risk management in the creation and implementation of national, regional and local sustainable development and poverty reduction strategies...
Words: 9149 - Pages: 37
...Republic of the Philippines HOUSE OF REPRESENTATIVES Quezon City SIXTEENTH CONGRESS Second Regular Session HOUSE BILL NO. 4994 AN ACT PROVIDING FOR THE BASIC LAW FOR THE BANGSAMORO AND ABOLISHING THE AUTONOMOUS REGION IN MUSLIM MINDANAO, REPEALING FOR THE PURPOSE REPUBLIC ACT NO. 9054, ENTITLED “AN ACT TO STRENGTHEN AND EXPAND THE ORGANIC ACT FOR THE AUTONOMOUS REGION IN MUSLIM MINDANAO,” AND REPUBLIC ACT NO. 6734, ENTITLED “AN ACT PROVIDING FOR AN ORGANIC ACT FOR THE AUTONOMOUS REGION IN MUSLIM MINDANAO,” AND FOR OTHER PURPOSES Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled: PREAMBLE We, the Bangsamoro people and other inhabitants of the Bangsamoro, imploring the aid of the Almighty, aspiring to establish an enduring peace on the basis of justice in our communities and a justly balanced society, and asserting our right to conserve and develop our patrimony; In consonance with the Constitution and the universally accepted principles of human rights, liberty, justice, democracy, and the norms and standards of international law, reflective of our system of life prescribed by our faith, and in harmony with our customary laws, cultures and traditions; Affirming the distinct historical identity and birthright of the Bangsamoro people to their ancestral homeland and their right to self-determination – beginning with the struggle for freedom of their forefathers in generations past and extending to the present – to chart...
Words: 26005 - Pages: 105
...THE 2015 STATE OF THE NATION ADDRESS TECHNICAL REPORT Prepared by: The Office of the President of the Philippines TABLE OF CONTENTS TRANSPARENT, ACCOUNTABLE, AND PARTICIPATORY GOVERNANCE 1. Institutionalized Public Accountability .............................................................. 1 2. Upheld Transparency and Citizen Engagement in Government .................... 11 RAPID, INCLUSIVE, AND SUSTAINED ECONOMIC GROWTH 1. Sustained Strong and Broad-Based Economic Growth ................................. 14 2. Increased Opportunities for Employment and Economic Activity .................. 24 POVERTY REDUCTION AND EMPOWERMENT OF THE POOR AND VULNERABLE 1. Invested in the Filipino Workforce for Decent and Productive Work .............. 44 2. Sustained Equitable Access to Affordable and Quality Health Care .............. 50 3. Empowered the Poor and Marginalized towards Self-Reliance ..................... 56 JUST AND LASTING PEACE AND THE RULE OF LAW 1. Protected our National Territory and Boundaries........................................... 61 2. Ensured Public Order and Safety .................................................................. 64 3. Pursued Efforts for Peace and Development in Mindanao ............................ 68 4. Advanced and Protected Human Rights ........................................................ 71 5. Reformed the Justice Sector ......................................................................... 76 INTEGRITY...
Words: 48288 - Pages: 194
...COMPENDIUM Budget Terms and Concepts Donald M. Patimo, MPM In partial fulfillment of the requirements in Budget Preparation and Fiscal Management October 18, 2008 Ability to pay This refers to the borrower’s ability to make interest and principal payments on debts. Accelerated depreciation This refers to any depreciation method that produces larger deductions for depreciation in the early years of an asset’s life. Account This refers to a record of a business transaction. This refers to a written or unwritten contract to purchase and take delivery with payment to be made later as arranged. Account balance This refers to the difference between the debit and the credit sides of an account. Accounting period This refers to a time interval at the end of which an analysis is made of the information contained in the bookkeeping records. Also, the period covered by the profit and loss statement. Accounting price A term often used synonymously with shadow price. The term “accounting” indicates that the price is not market price. Accounting prices reflect, for example, the economic value of inputs and outputs as opposed to their financial or market value. Accounts payable Money owed to an individual or business for goods or services that have been received but not yet paid for. Accounting rate of return The ratio of profit before interest and taxation to the percentage of capital employed at the end...
Words: 31511 - Pages: 127
...Statistical Methods in Credit Risk Modeling by Aijun Zhang A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy (Statistics) in The University of Michigan 2009 Doctoral Committee: Professor Vijayan N. Nair, Co-Chair Agus Sudjianto, Co-Chair, Bank of America Professor Tailen Hsing Associate Professor Jionghua Jin Associate Professor Ji Zhu c Aijun Zhang 2009 All Rights Reserved To my elementary school, high school and university teachers ii ACKNOWLEDGEMENTS First of all, I would express my gratitude to my advisor Prof. Vijay Nair for guiding me during the entire PhD research. I appreciate his inspiration, encouragement and protection through these valuable years at the University of Michigan. I am thankful to Julian Faraway for his encouragement during the first years of my PhD journey. I would also like to thank Ji Zhu, Judy Jin and Tailen Hsing for serving on my doctoral committee and helpful discussions on this thesis and other research works. I am grateful to Dr. Agus Sudjianto, my co-advisor from Bank of America, for giving me the opportunity to work with him during the summers of 2006 and 2007 and for offering me a full-time position. I appreciate his guidance, active support and his many illuminating ideas. I would also like to thank Tony Nobili, Mike Bonn, Ruilong He, Shelly Ennis, Xuejun Zhou, Arun Pinto, and others I first met in 2006 at the Bank. They all persuaded me to jump into the...
Words: 38376 - Pages: 154
