fiscal administration presentations.pptx

fiscal administration

1. PHILIPPINE PUBLIC FISCAL ADMINISTRATION Overview A decision to increase taxes To implement social amelioration program creates a charge on revenue earned while at the same time distributes and disperses social benefits. increases revenue of government Fiscal administration

2. top Management level (interested in it) middle management (deeply involved in it) rank and file (affected by whatever results from it) fiscal ADMINISTRATION ORGANIZING

3. fISCAL ADMINISTRATION ORGANIZING The principal agencies tasked with fiscal functions: - Congress, especially the Lower House, Department of Finance Department of Budget and management Commission on Audit

4. Fiscal administration(Offices/agencies) CONGRESS DEPARTMENT OF FINANCE (DOF) DEPARTMENT OF BUDGET AND MANAGEMENT COMMISSION ON AUDIT DEPARTMENT OF INTERIOR AND LOCAL GOV’T OFFICE OF THE PRESIDENT (OP Bureaus: Bureau of Internal Revenue (BIR) Bureau of Customs (BOC) Bureau of the Treasury (BTR) Bureau of Local Government Finance (BLGF) Offices: Privatization and Management Office (PMO) Agencies and Corporations Insurance Commission (IC) National Tax Research Center (NTRC) Central Board of Assessment Appeal (CBAA) Philippine Deposit Insurance Corporation (PDIC) Philippine Export-Import Credit Agency (PHILEXIM) Government Service Insurance System (GSIS) Social Security System (SSS) Public Estates Authority (PEA) Cooperative Development Authority (CDA) Regional Offices  

5. PHILIPPINE PUBLIC FISCAL ADMINISTRATIONTHE BUDGET PHILIPPINE NATIONAL BUDGET The National Budget represents the estimate of expected income and projected expenditures over a period of time referred to as the fiscal year. to spend for its programs and projects where the money will come from

6. Fiscal administration SOURCES OF INCOME OF LGUs EXTERNAL Internal Revenue Allotment (IRA) Share from the Utilization of national Wealth Grants and Donations Domestic Loans Credit-Financing Schemes INTERNAL Taxes, Fees, and Charges Income derived from the Investments, privatized and Development Enterprises, and Inter-Local Government Cooperation

7. PHILIPPINE PUBLIC FISCAL ADMINISTRATIONTHE PHILIPPINE BUDGETARY PROCESSS Section 22, Article VII of the 1987 Constitution sets the tone for the budgetary process. Under this Article, the President submits to Congress within thirty days from the opening of every regular session, a financial plan of expenditures and sources of financing, including receipts from existing and proposed revenue measures as basis for a general appropriations bill.

8. Fiscal administration LOCAL TAXES Prepare Local Revenue Generation Plan Conduct Public Consultations on Revenues measures Update Local Code Taxes Provide Incentives to Tax Collectors REAL PROPERTY TAXES Engage Participation of other Stakeholders Computerize records of Assessor’s and Treasures Office Strengthen tax collection enforcement Conduct Tax Mapping Operations for the Real Property LOCAL BUSINESS TAXES Use info. from databases of other gov’t agencies Establish one stop shop for tax payments and business permit applications Conduct tax mapping – inventory of business