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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 main component of public finance related to collecting
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.
A tax levied on the purchase of a particular commodity.
Goods that purchased by the high income group with higher taxes on
Budgeting is a wonderful tool for managing your finances, but many people think it's not for them.
Income derived from lending money
An effort to manage cash flows in such a way that interest and penalties paid are minimized and interest earned is maximized.Categorical Gran
_____________ 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.
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.
Issues occur if the U.S. government lets the value of the peso.
A static budget remains unchanged over the life of the budget
The Police is not the best unemployment solution
Build, build , build program is under DPWH and DOTR.
Initially, deficit spending and the resultant debt will boost __________________.
For 2021, Philippines is aiming for 11.5 growth rate
Deficit Budget means profits are anticipated.
Corporate budgets are essential for operating at efficiency.
Philippines got a good credit standing due to its downward trend in national government debt from 41.9% to 40.8%.
Local Government units (LGUs) have shares from excise taxes on tobacco pursuant to RA 240.
The requirement that certain issuers of municipal obligations file annual reports concerning financial and operating data presented in an official statement.
Population in the elementary enrolees is greater than the population enrolees in the secondary level
A payment of money imposed upon new property developments as a condition of approval from the county.
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 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.
Bonds that are redeemable by the issuer prior to the specified maturity date at the specified price at or above par.
Reducing corporate income tax rate is included in the second package of Comprehensive Tax Reform
Total borrowings from abroad to finance the FY 2020 national budget
Expenses paid by the issuer directly related to the authorization, sale, and issuance of bonds.
Whether the money goes to jet fighters, bridges, or education, it ramps up production and creates jobs.
. ________________ is a plan of what the government intends to have as expenditures in a fiscal year
The national debt is the ____________________ of each year's deficit
Inflation rate for the year 2019 as set by DBM range of 2.7 to 3.5.
BIR target collection for FY 2020 national budget in terms of peso
BIR belongs to the cabinet of the office of the President
Dubai crude oil is not included in the macroeconomic assumption in making budget.
Corporate budgets are essential for operating at peak efficiency.
In the 2020 budget, government allotted billions and billions of pesos for corona virus pandemic
BOC target collection for FY 2020 national budget in terms of peso
The Supreme court ruling in April 2019, local government units (LGUs) will receive an estimated 30% higher shares of the IRA starting FY 2022.
Macroeconomic assumptions are important in the preparation of national budget.
It aims at reducing the inequalities through redistribution of income and wealth
Expenditures are a use of cash, and to the extent that they are greater than __________, there is a deficit.
A budget deficit occurs when a country
DBM secretary from 2016 to 2019
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.
A plan of the what the government intends to have as expenditures for the whole year
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
President George W. Bush's stated budget deficits totaled about $2 trillion. But he added about $15 trillion to the debt
This is a source of ____________ for the government.
If the government has a deficit (spending is greater than revenue), it will fund the difference by borrowing money and issuing ________________.
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.
An increase in the value of an asset.
Detachable portions of a bond presented by its holder to bond issuer’s paying agent to document interest due
. The U.S. Treasury must sell Treasury bonds, bills, and notes to raise the money to cover the deficit and fund regular government operations
Under National Health Insurance there are premiums to be shouldered by the government
Insurance that guarantees the timely payment of principal and interest to bondholders.
Specific factors affecting potential expenses are addressed and monitored
The government allotted PhP 18.4 B to support farmers and fishermen.
A surplus budget remains unchanged over the life of the budget.
The Department of Environment and Natural Resources got the biggest amount of budget for the year 2020.
Build, build , build program was under Department of Health
Current acting secretary of DBM
Company budgets are essential for operating at peak efficiency
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.
The amount by which expenditures exceed revenues during an accounting period.
Deficit spending increases the amount of money in the economy
Department of Budget and Management was created under
An accounting commitment that reserves appropriated funds for a future expenditure
Assets held by the county in a trustee capacity or as an agent for individual private organizations, other governmental units, and/or other funds.
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.
Liberalization of rice importation eliminates price hike.
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.
The importance of budgeting cannot be understated.
Philippine National Police approved budget for FY 2020
For 2020 budget, the treasury bill rate that we used is 5% to 6%.
Total borrowings to finance the FY 2020 national budget
Total borrowings that will be sourced locally to finance the FY2020 national budget
Countries in the developing world are expected to grow at 4.7 % in 2020
Public finance is the management of a country’s revenue, ___________, and debt load through various government and quasi-government institutions.
Irrigation development is also under Peace and national security in the national budget.
Initially, deficit spending and the resultant debt will boost economic growth
Roads are examples of
Sales tax and income tax are examples of
No budget was allotted for Bangsamoro Autonomous Region because they have their own form of government.
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.
Business is a wonderful tool for managing your finances, but many people think it's not for them.
Duties and taxes on imported goods
The greater the percentage rate of inflation the better it is for the economy.
A budget occurs when a country
. Issues occur if the Philippine government lets the value of the dollar.
They may demand higher interest rates to offset any perceived increased risks.
Expenditure categories within a program area that relate to specific organizational goals or objectives.
Department of Budget and management was created on
This includes the preparation, passing and implementation of government budget and various government policies.
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.
Balance means profits are anticipated
Former name of DBM
The actual growth rate in 2018 is greater than 2020 projection
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.
Asia region is also expected to grow by 4.7%
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.
Social Services got the highest share in 2020 budget
Cash spending increases the amount of money in the economy.
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.
If the government spends more than it collects, then there is
The importance of budgeting cannot be understated
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.
President Manuel L. Quezon is a commonwealth president and not democratic president.
Individuals and families can have budgets
Payment made to employees in return for services performed.
The investment requirements in terms of pesos in 2020 is greater than 2021
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
Much of the government’s ___________ is a form of income or wealth redistribution, which is aimed at benefiting society as a whole.
International institution that provides loans and grants to the government
LTO target collection for FY 2020 national budget in terms of peso
The statutory or constitutional maximum debt that an issuer can legally incur.
We are using Dinar foreign exchange rate in the preparation of annual budget.
Cash are an integral part of running any business efficiently and effectively.
President George W. Bush's stated budget deficits totaled about $3 trillion. But he added about $5 trillion to the debt
Bureau of Treasury is under Department of Finance
Fill up the gap when public expenditures exceeds public income
GDP target for the year 2020 is 4.9%.
A country’s financial position can be evaluated in much the same way as a business’ ___________________.
If the government has less expenditures than it collects in taxes, there is a _____________.
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 type of residential property tax relief in which benefits depend on income and/or wealth and property tax payments.
The process by which a stream of tax liabilities becomes incorporated into the price of an asset.
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.
The Philippines economy grew by a modest rate of 6.2% in 2018.
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.
Specific factors affecting ____________________ expenses are addressed and monitored.
Study of finance related to government entities.
It aims at eliminating the business fluctuations and its impact on the economy
. Expenditures are everything that a government actually spends money on, such as social programs, education, and __________.
A bond secured by the pledge of more than one source of repayment, often project revenue and taxing power.
Group and families can have budgets.
To ensure soundness of the country’s debt portfolio, the government implemented reforms on Treasury Single Account (TSA)
The mandate of Department of Budget and Management is for effective and efficient management of government resources.
Proposed Budget for 2020 is PhP 4.100 B
Peace and national security covers the judiciary in the national budget.
___________ is the main revenue source for governments.
A type of grant that may only be used for a specific program that is usually limited to a narrowly defined activity.
Budgets are an integral part of _______________ any business efficiently and effectively.
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
The Department of Public Works and Highway got the second biggest amount of budget for the year 2020.
Everything that a government actually spends money
Whether the money goes to jet fighters, bridges, or education, it ramps up production and creates jobs
Charges levied for violations of laws, regulations, or codes.
A funding source for the Capital Budget that is provided for annually within the Operating Budget from general, special, or enterprise revenues.
The debt is the accumulation of each year's deficit
DBM secretary from 2010-2016
Governmental effort involving expenditures and funding for the creation, expansion, renovation, or replacement of permanent facilities and other public assets having relatively long life.
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