UNIT 1: FISCAL STRUCTURE, CONTROL AND ADMINISTRATION:
INTRODUCTION TO FISCAL MANAGEMENT
4 major fiscal functions of government
Allocation
Distribution
Economic growth
Stabilization
AGENCIES to keep an eye to the budget: Department of Finance, BIR, BOC,
BTR, BLGF, Insurance Commission
Public ad – the budget is already there
Business ad -
Appraisal – current status
Pandemic time – economic went down/plateau - a state of little or no change
following a period of activity or progress
Our Economy right now is doing good and will increase in rank
SDG – Sustainable Dev’t Goals (Global Goals) 15 years
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End all forms of poverty
Zero hunger (malnutrition)
Good health and well-being
Quality Education
Gender equality