BUDGET EXECUTION

Question 1

First Part of Budget Execution

Answer 1

Early Procurement Activities

Question 2

Step 2 process of Budget Execution

Answer 2

Budget Program

Question 3

Step 3 process of Budget Execution

Answer 3

Allotment Release

Question 4

Step 4 process of Budget Execution

Answer 4

Obligation

Question 5

Step 5 process of Budget Execution

Answer 5

Cash Allocation

Question 6

Step 6 process of Budget Execution

Answer 6

Disbursement

Question 7

GAA stands for?

Answer 7

General Appropriation Act

Question 8

BEDs stands for?

Answer 8

Budget Execution Documents
- summarizes an agency’s fiscal year plans and performance targets.

Question 9

CRP stands for?

Answer 9

Cash Release Program

Question 10

GAARDS stands for?

Answer 10

GAA- as Release Document

Question 11

SAROs stands for?

Answer 11

Special Allotment Release Orders

Question 12

GARO stands for?

Answer 12

General Allotment Release Orders

Question 13

NCA stands for?

Answer 13

Notice of Cash Allocation

Question 14

NTA stands for?

Answer 14

Notice of Transfer Allocation

Question 15

TSA stands for?

Answer 15

Treasury Single Account

Question 16

MDS checks stands for?

Answer 16

Modified Disbursement System Checks

Question 17

This is the phase where the government funds are spent.

Answer 17

Budget Execution

Question 18

What includes BED summary plans?

Answer 18

A. Physical and financial plan
B. Monthly Cash Program
C. Estimate of monthly income
D. List of obligations that are not yet due

Question 19

This is used as a control device to ensure that releases conform to the national budget.

Answer 19

Allotment Release Program

Question 20

This is used as a control device to ensure that releases conform to the national budget.

Answer 20

Allotment Release Program

Question 21

It sets the disbursements limit for the year, quarterly and monthly.

Answer 21

Cash Release Program (CRP)

Question 22

It serves as the allotment release for all budget items except those contained in a negative list that are issued the special Allotment release orders (SAROs) and general allotment release order. (GARO)

Answer 22

The Enacted Budget

Question 23

It serves as the obligational authority for the comprehensive release of budgetary items appropriated in the GAA, categorized as for comprehensive release (FCR)

Answer 23

GAARD

Question 24

It covers budgetary items under For Later Release (FLR) (negative list) in the entity submitted BEDs, subject to compliance of required documents/clearances.

Answer 24

SARO

Question 25

is a comprehensive authority issued to all national government agencies, in general, to incur obligations not exceeding an authorized amount during a specified period for the purpose indicated therein. It covers automatically appropriated expenditures common to most, if not all, agencies without need of special clearance or approval from competent authority.

Answer 25

GARO

Question 26

An act of duly authorized official which binds the government to the immediate or eventual payment of a sum of money. Obligation maybe referred to as a commitment that encompasses possible future liabilities based on a current contractual agreement.

Answer 26

Obligation

Question 27

DBM issues this to cover the cash requirements of agencies for the first semester.

Answer 27

Notice of Cash Allocation (NCA)

Question 28

is the authority issued by an agency’s Central Office to its regional and operating units to cover the latter’s cash requirements.

Answer 28

Notice of Transfer Allocation (NTA)

Question 29

is the authority issued by the DBM to agencies to cover the liquidation of their actual obligations incurred against available allotments for availment of proceeds from loans/grants through supplier’s credit/constructive cash.

Answer 29

Non-Cash Availment Authority

Question 30

is the authority issued by the DBM to agencies with foreign operations allowing them to use the income collected by their Foreign Service Posts to cover their operating requirements.

Answer 30

Cash Disbursement Ceiling

Question 31

The DoF-BTralso implemented this to improve the management of the government’s cash resources. It is the actual amount paid out of the budgeted amount.

Answer 31

Treasury Single Account