Economy of The Philippines - Government Budget

Government Budget

Main article: Fiscal policy of the Philippines

The national government budget for 2012 has set the following budget allocations:

Budget Allocation Millions of Pesos
(PHP)
Millions of US Dollars
(USD)
%
Department of Education ₱238,800 $5,513.7 13.15
Department of Public Works and Highways 126,400 2,918.5 6.96
Department of National Defense 108,100 2,496.0 5.95
Department of Interior and Local Government 99,800 2,304.3 5.50
Department of Agriculture 61,400 1,417.7 3.38
Department of Social Welfare and Development 48,800 1,126.8 2.69
Department of Health 45,800 1,057.5 2.52
Department of Transportation and Communications 34,700 801.2 1.91
State Universities and Colleges 25,800 595.7 1.42
Department of Finance 23,600 544.9 1.30
Department of Environment and Natural Resources 17,500 404.1 0.96

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Other articles related to "government budget, budget, government":

Government Budget

A government budget is a document that is often passed by the legislature, and approved by the chief executive-or president. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for municipal and county revenues, while sales tax and/or income tax are the basis for state revenues, and income tax and corporate tax are the basis for national revenues.

The two basic elements of any budget are the revenues and expenses. In the case of the government, revenues are derived primarily from taxes. Government expenses include spending on current goods and services, which economists call government consumption; government investment expenditures such as infrastructure investment or research expenditure; and transfer payments like unemployment or retirement benefits.

Budgets have an economic, political and technical basis. Unlike a pure economic budget, they are not entirely designed to allocate scarce resources for the best economic use. They also have a political basis wherein different interests push and pull in an attempt to obtain benefits and avoid burdens. The technical element is the forecast of the likely levels of revenues and expenses.

Tourism In Tajikistan - Government Budget
... The year 2004 was the first year of budget deficit after three consecutive years of budget surpluses, which in turn had followed four years of deficits between 1997 and 2000 ... The approved 2007 state budget calls for revenues of US$926 million and expenditures of US$954 million, leaving a deficit of US$28 million ...
Budget Support
... Budget support is a particular way of giving international development aid, also known as an aid instrument or aid modality ... With budget support, money is given directly to a recipient country government, usually from a donor government ... Budget support differs from other types of aid modalities such as Balance of payments support, which is currently mainly the domain of the International Monetary Fund ...
Luigi Pasinetti - Theoretical Contributions - The Cambridge Equation With The Public Sector
... original paper by Kaldor, no formal attempt had been made in that period to introduce the government sector and its ensuing complications ... Steedman showed that if the public sector was considered, under the assumption of budget equilibrium, the long run solutions were consistent with Pasinetti’s solutions, and ... again in 1989 showing that -whether the government’s budget was in deficit or surplus- the main results of the Cambridge equation hold ...

Famous quotes containing the words budget and/or government:

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    Joseph E. Levine (b. 1905)

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