BPA 3

QUIZ BEE
MARCH 8, 2018
EASY (2 points each)
1. True or false
The Philippine Constitution and other laws require
government funds to be utilized in accordance with a
national budget that is duly approved by legislation.
2. True or false
National Budget, also known as the operational
budget, is the government’s estimate of the sources
and uses of government funds within a fiscal year.
3. Multiple Choice
___________________ summarizes the formulation of the
national budget.

A. Budget cycle
B. Budget process
C. Budget preparation
D. Budgeting
4. Multiple Choice
The budget preparation in the Philippines uses a ___________
approach. Under this approach, several parties participate in the
budget preparation, starting from the lowest to the highest levels of
the government.

A. Bottoms up
B. Top-down
C. Roll-over
D. Bottom-up
5. Multiple Choice
This type of budgeting approach uses a “back-to-zero” or “clean
slate” approach. It helps promote efficient and effective utilization of
funds.

A. Incremental budgeting
B. Bottom-up approach
C. Zero-based budgeting
D. Top-down approach
6. True or False
The first phase of the budget cycle is the budget call.
7. True or False
The State of the Nation Address (SONA) contains the
President’s explanation of the country’s fiscal policy
and budget priorities.
 AVERAGE
(3 points each)
1. Identification
The ________________ refers to the standard coding
system used in financial reporting of the National
Government.
2. Identification
Upon receipt of the President’s Budget, the House of
Representatives conducts hearings to scrutinize the
various agencies’ respective proposed programs and
expenditures. Thereafter, the House of
Representatives prepares the __________________.
3. Identification
____________________ focuses on expenditures
incurred in the current year which are to be paid
either in the same year or in the following year.
4. Identification
This is the second phase of the budget cycle.
5. Identification
_____________________ are conducted after the
agencies submit their budget proposals. Each agency
defends its budget proposal before the DBM.
6. Identification
_______________ is the authorization made by a
legislative body to allocate funds for purposes
specified by the legislative or similar authority.
7. Identification
The President and Cabinet members review the proposed
budget. After the President approves the proposed budget, the
DBM finalizes the budget documents to be submitted to the
Congress. At this point, the proposed budget is referred to as
the ___________________.
 DIFFICULT
(5 points each)
1. Identification
___________________ is prepared in such a way that
estimated revenues exceed estimated expenditures.
If actual revenues exceed actual expenditures, the
government earns a surplus. If expenditures exceed
revenues, the government incurs a deficit.
2. Identification
________________ are receipts derived from business-type
activities of departments/agencies which are authorized by
law to be constituted as such and deposited in an
authorized government depository bank. These funds shall
be self-liquidating and all obligations and expenditures
incurred by virtue of said business-type activity shall be
charged against said fund.
3. Identification
It contains the details of all the government entities’
proposed expenditures in the coming year.
4. Identification
It includes a plan of activities to be undertaken,
including their related costs, with the emphasis on
meeting targets and desired results. The main focus is
on the work to be done or services to be rendered.
5. Fill-in the blanks
After deliberations in both houses are finished, a
committee called the ____________ is formed to
harmonize any conflicts between the Representatives
and Senate versions of the GAB.
6. Identification
_________________ is the expenditure authority
derived from appropriation laws, government
ordinances, and other decisions related to the
anticipated revenue or receipts for the budgetary
period.
7. Identification
It is one of the documents in the President’s Budget.
It contains the estimated expenditures accompanied
by estimates of expected sources of financing.
CLINCHER/BONUS
(6 points)
How much is the TOTAL national budget of the
Philippines for 2018?