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What is Government Budget Cycle Overview about?

The budget cycle has 4 phases: 1) Budget preparation, 2) Budget legislation, 3) Budget execution, 4) Budget accountability. During budget preparation, government agencies submit budget proposals to the Department of Budget and Management (DBM) which consolidates the proposals into a national budget plan. The president then submits the proposed budget to Congress. Congress deliberates on the budget bill, and once approved by both legislative houses, the budget bill is submitted to the president for enact

Author

Allen Gonzaga

Language

EN