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    Classifications of Philippine Public Expenditures

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    AgustinVillareal
    The Philippine public expenditures are classified in five ways: 1) Level of government - national or local 2) Nature of expense - current operating, capital, personal services, maintenance 3) Functional categories - economic development, social services, national defense, general government 4) Type of funds - general fund, special account fund, bond fund 5) Organizational units - by government department and agency. This allows the government to measure the costs and benefits of its programs.

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    Classifications of Philippine Public Expenditures

    Uploaded by

    AgustinVillareal
    3K views18 pages
    The Philippine public expenditures are classified in five ways: 1) Level of government - national or local 2) Nature of expense - current operating, capital, personal services, maintenance 3) Functional categories - economic development, social services, national defense, general government 4) Type of funds - general fund, special account fund, bond fund 5) Organizational units - by government department and agency. This allows the government to measure the costs and benefits of its programs.

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    Fiscal Policies

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    The Philippine public expenditures are classified in five ways: 1) Level of government - national or local 2) Nature of expense - current operating, capital, personal services, maintenance 3) Functional categories - economic development, social services, national defense, general government 4) Type of funds - general fund, special account fund, bond fund 5) Organizational units - by government department and agency. This allows the government to measure the costs and benefits of its programs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    3K views18 pages

    Classifications of Philippine Public Expenditures

    Uploaded by

    AgustinVillareal
    The Philippine public expenditures are classified in five ways: 1) Level of government - national or local 2) Nature of expense - current operating, capital, personal services, maintenance 3) Functional categories - economic development, social services, national defense, general government 4) Type of funds - general fund, special account fund, bond fund 5) Organizational units - by government department and agency. This allows the government to measure the costs and benefits of its programs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 18

    Classifications of

    Philippine Public
    Expenditures
    The Philippine public
    expenditures are classified in
    such a way as to permit the
    measurement of the costs and
    benefits of the entire program
    of the government.
    National government expenditures
    are broadly classified into five (5)
    types which are:
    1. Level of government
    2. Nature of expense
    3. Functional categories
    4. Type of funds
    5. Organizational Units
    1. Level of government
    a.National Government
    Refers entirely to the machinery of the
    central government, as distinguished from
    the different forms of local government.
    b. Local Government
    Refers to the political subdivisions established
    by or in accordance with the Constitution
    Officially local government in the
    Philippines, often called local government
    units or LGUs, are divided into three levels
    – provinces and independent cities;
    component cities and municipalities;
    and barangays.
    2. Nature of expense
    a.Current operating expenditures
    Purchases of goods and services in current
    consumption within the fiscal year, including
    the acquisition of furniture and equipment
    normally used in the conduct of government
    operations and for temporary construction of
    promotional research and similar purposes.
    I. Personal services
    salaries and wages, social security
    contributions,overtime pay, etc.

    II. Maintenance and other operating


    expenditures
    traveling expenses, supplies and materials,
    water, illumination and power Services, rent,
    etc.
    2. Nature of expense
    b. Capital Expenditures

    Are outlays which are used for the purchase


    of goods and services, the benefit of which
    extend beyond the Fiscal Year and which add
    to the assets of the government including
    investments in the capital of the government
    owned and controlled corporations and their
    subsidiaries.
    3. Functional categories
    Are broad grouping of expenditures covering
    the main functions of the national
    government.
    a) Economic Development/Services
    b) Social Development/Services
    c) National Defense
    d) General Government/Public Services
    e) Debt Service
    a.Economic Development/Services
    Covers the agriculture and natural resources,
    industry, trade and tourism, utilities and
    infrastructures.

    b. Social Development/Services
    Covers those of education, public health and
    medicare, housing and community amenities,
    social service and welfare, and other social
    service expenditures not classified elsewhere.
    c. National Defense/Security
    Includes all military expenditures but excluded
    those for the police force.

    d. General Government/Public Services


    Includes all general administration expenses
    (inclusive of allotments to local governments),
    administration of justice, pension, gratuities,
    contribution to international organizations,
    public order and safety, general research and
    other general public services.
    e. Debt Service
    Expenditures are inclusive of redemption, interest
    payments, loan repayments and sinking fund.
    4. Type of funds

    a.General fund

    b.Special Account – General fund

    c.Bond fund
    a.General Fund
    Is available for any purpose to which the
    legislative body may choose to apply it, and is
    composed of the receipts or revenue which
    are not by law or by contractual agreement
    applicable to a specific purpose or purposes.
    b. Special Account – General fund
    Refers to the fund created for a special
    purpose or object and is used to defray
    specified expenditures or classes of
    expenditures. All money collected on any tax
    levied for a special purpose of object shall be
    treated as a special fund and paid out for such
    purposes only.
    c. Bond fund
    Refers to the fund arising from bonds floated
    by the government for specific purpose such
    as permanent public improvements.
    5. Organizational Units
    by department and governmental
    agencies.
    Thank you

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