“The Senate general provision also states that savings may result from non-commencement of the P/A/P or the inability of the agency to obligate its released allotment and implement it within the period when the appropriation is valid, whereas the House version qualifies that savings also result from non-commencement of a P/A/P, meaning the inability of the agency to obligate an allotment only within the first semester of the year. In the same manner, the Senate provision demands more fiscal responsibility from agencies by adding the proviso in Sec. 68 that “Programmed appropriations which have not been released or allotments not obligated due to the fault of the agency concerned shall not be considered as savings and shall revert to the General Fund.””

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The Senate general provision also states that savings may result from non-commencement of the P/A/P or the inability of…" by Francis Escudero?
Francis Escudero photo
Francis Escudero 354
Filipino politician 1969

Related quotes

Francis Escudero photo

“b) Non-commencement of the P/A/P or the inability of the agency to obligate a released appropriation within the first semester of the year;”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Francis Escudero photo
Francis Escudero photo
Francis Escudero photo
Francis Escudero photo
Francis Escudero photo

“c) Decreased cost due to improved efficiency during the implementation or after the completion of the P/A/P; and”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Francis Escudero photo

“• A new General Provision on Reportorial Requirements stating that such shall be posted in the website of agencies for at least three (3) years;”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Francis Escudero photo

Related topics