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The shift to annual cash-based budgeting is a major component of the Budget Reform Bill being pushed by the DBM, with the bill aiming to modernize the NG's budget process, eliminate underspending, and institutionalize many of the reforms introduced and currently being implemented by the Executive branch.
The shift to an annual cash-based budget in 2019 from the multi-year obligations-based system at present would further reduce underspending, which has been on a decline in the past two years, said Budget Secretary Benjamin E.
In 2016, he described "significant" underspending during the 1990s and 2000s, particularly in areas relating to social justice and welfare.
MANILA, Philippines Underspending is an issue that has plagued many past administrations.
Bam Aquino urged the Department of Education (DepEd) to address its underspending to speed up delivery of needed learning materials to millions of primary and secondary students in the country.
FIRE services in Kirklees and surrounding districts have largely survived cuts in Government grants through underspending and prudent savings, says West Yorkshire Fire & Rescue Authority.
Santiago criticized the Palace for proposing an inflated budget for next year despite notorious underspending and for retaining lump-sum appropriations similar to the nullified Priority Development Assistance Fund (PDAF).
The FD in the first university said that "some form of profit-sharing would make sense" -an underspending department might roll forward some of the saving, while the university as a whole would also benefit.
After the worst winter for about 30 years, it was inevitable that the road surfaces, neglected for most of that time by his underspending Labour Group, would not stand up to the extremes of weather we
Mr Swinney said: "The achievement of such a low level of underspending reflects our proactive approach to budget management and our desire to make maximum use of the resources that are available to us.
A common reason for underspending is that schools are saving money to spend on capital projects, such as new buildings.
Police chiefs have been urged by a Teesside councillor to pour cash back into fighting violent crime after they revealed underspending that could run into millions.
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- Undershut valve
- underslung load
- understowed cargo
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- underslung car frame
- Underslung Grenade Launcher
- underslung load
- Underslung Load Clearance
- Underspecified Discourse Representation Theory
- Underspecified Segmented Discourse Representation Theory
- underspeed condition
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- understand fully
- understand improperly
- understand incorrectly
- understand the meaning of
- understand wrongly
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