GENERAL APPROPRIATIONS ACT 2018

Republic of the Philippines Republic Act 10964 General Appropriations Act Volume IA and IB and Volume II Fiscal Year 2018

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PREXC Briefer

PREXC is restructuring an agency’s budget by grouping all recurring activities as well as projects under the different programs or key strategies being pursued by the agency to meet its objectives and mandates,

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Public Expenditure and Financial Accountability (PEFA) Assessment

This Public Expenditure and Financial Accountability (PEFA) performance assessment report evaluates the seven core pillars of the public financial management (PFM) system of the Government of the Philippines (Government) as set out in the summary assessment below. It evaluates how effectively the PFM system achieves the desirable budget outcomes of aggregatfiscal discipline, strategic allocation of resources, and efficient service delivery. The assessment was conducted through consultations between departmental staff and a World Bank crosssectoral team, and was managed by a high-level Government steering committee. Where there are PFM weaknesses, the report provides information on areas that reform activity should address more strongly.

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General Appropriations Act 2017

Republic Act No. 10924, otherwise known as the 2017 General Appropriations Act (GAA), was signed last Dec. 22, 2016 amounting to P3.35 Trillion. Around P543 Billion funding goes to the Department of Education (DepEd) which will benefit 21.2 Million learners all over the country.

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Government Accounting Manual

The Government Accounting Manual is the manual prescribed by the Commission on Audit (COA) for Use of All National Government Agencies. The GAM will supersede the New Government Accounting System (NGAS) Manual that national government agencies have been using since 2002.

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Treasury Single Account

The Treasury Single Account is a unified structure of government bank accounts that aims to consolidate and optimize the use of Government cash resources.

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