Budgeting, Expenditures and Control Systems

Appropriation for Development Projects will be at least _____% of Internal Revenue Allotment (IRA)

• 15%

• 20%

• 25%

• 10%

The FY 2021 GAA was signed into law by Pres. Rodrigo Duterte on

• December 28, 2020

• December 27, 2020

• January 4, 2021

• December 29, 2020

Local Finance Committee shall be composed of the following:

• Local Treasurer, Local Budget Officer & Local Planning & Dev't Coordinator

• Local Treasurer, Local Accountant & Local Planning & Dev't Coordinator

• Local Treasurer, Local Budget Officer & Local Administrator

• Local Treasurer, Local Budget Officer & Local Chief Executive

Appropriation for Sangguniang Kabataan will be at least ____% of estimated regular income of the barangay.

• 5%

• 15%

• 10%

• 20%

It is the highest public institution legally responsible for conducting professional government audit in the country.

• Commission of Human Rights

• Office of the Ombudsman

• Commission on Appointments

• Commission on Audit

What are the budget cycles for NGAs/GOCCs?

• Preparation-Execution-Implementation-Accountability

• Preparation-Authorization-Implementation-Accountability

• Preparation-Authorization-Implementation-Review

• Preparation-Authorization-Execution-Accountability

Appropriation for Disaster Risk Reduction Management (DRRM) Program will be at least 5% of estimated regular income for the budget year.

• True

• False

It is known as the “Government Procurement Reform Act,” for the purpose of prescribing the necessary rules and regulations for the modernization, standardization, and regulation of the procurement activities of the Government of the Philippines (GoP).

• RA 11418

• RA 11469

• RA 11464

• RA 9184

It is a law in the Philippines that was enacted in March 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines.

• Bayanihan to Fight as One Act

• Bayanihan to Recover as One Act

• Bayanihan to Arise As One Act

• Bayanihan to Heal as One Act

It is the requisite document that the agency must prepare to reflect the necessary information on the entire procurement activities for goods and services and infrastructure to be procured that it plans to undertake within the calendar year.

• Regional Development Plan

• Project Procurement Management Plan

• Annual Procurement Plan

• Work and Financial Plan