Professional Documents
Culture Documents
of
Taxation
ED 240 Chapter 4
Prof. Benhope J. Ruelo Ed. D
President
- is the Head or
chief Executive under
the present system
of government
Legislative Function
- is vested in the
bicameral congress.
The Department of
- is Finance
the principal
office charge with the
formulation
and
implementation
of
tax policies.
The
Secretary
of
- recommends to the
Finance
president
the
tax
policy measures which
are submitted to the
congress.
Major Operating
Bureaus
1. The Bureau of
Customs
2. Bureau of Internal
Revenue
Budget
a. Nature of
Budgeting
b. Budget
Formulation
a. Nature of Budgeting
The budget is defined as the financial
plan of the government.
In short, the budget translate the
program of the government into
monetary terms.
The content and structure of the
budget document is related to the
various
functions
the
budget
performs:
b. Budget Formulation
- In the formulation of the
national budget, the finances of
the government are analyzed and
determined as the aggregate of
revenue, expenditure and debt of
all units of government, including
the national government and its
agencies controlled corporations.
The
budget
process
metamorphosed from the early
years of American period up to
the passage of the Jones Law in
1916 when a budget office was
created within the Department
of Finance to exercise the
budgeting function.
1935 Constitution
- established budget policy
and procedure, both of
which were amplified in a
series of laws and executive
acts over the years.
The Budget
Commission
- was established
by
Executive Order No. 25
issued on April 25, 1936. It
became a Ministry by virtue
of P.D. No. 1405, signed on
June 11, 1978.
this
process
was
established by Commonwealth
Act No. 246 which was passed
by the Philippine Assembly on
December 17, 1937.
- a series of budgetary
reforms were directed by the
constitution of 1973 and
various presidential decrees
that culminated in P.D. No.
1177.
Thank you...
MICHELLE S. TINGCANG
MASTERAND