question archive In Philippine Government Budget
In Philippine Government Budget
Subject:AccountingPrice: Bought3
In Philippine Government Budget. One of the phases of budgetary process is budget implementation or execution. Compare the following systems in the release of NCA that were implemented by the Department of Budgeting and Management (DBM)
1st system: releasing NCA for six months (January to June) but the cash lapses every end of the month.
2nd system: releasing NCA quarterly but the cash lapses at the end of the year.
Explain the advantages and disadvantages of each system in the point view of A) DBM and B) Different agencies of the government.
