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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 637 -
DIRECTING THE FURTHER DEVELOPMENT OF THE CASH BUDGET PROCESS |
The Secretary of Finance
The Chairman, Commission on Audit
The National Treasurer
The Executive Director, National Computer Center
All Budget Officers of the National Government
WHEREAS, the system of budgeting on the basis of obligational authority needs to be accompanied by an effective system of regulating cash transactions in the Treasury;
WHEREAS, the Cash Budget System that was just developed in 1970 is now inadequate to cope with the volume and complexity of government transactions;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby instruct:
1.
The review of existing policy, system, procedure, forms, and other
aspects of cash budgeting in the national government, with the aim of
having an annual operational cash budget for the national government
and for each agency of government.
2. The
implementation of a cash budget that covers all cash transactions of
government, including the proceeds of borrowings and the cash
equivalent of borrowings obtained in kind.
3. The
simplification of procedures so as to facilitate the implementation of
infrastructure and other capital outlays, particularly those in
countryside, whose cash requirements need to be flexibly anticipated
and released.
4. The
development of such procedures and rules as are necessary to prevent
the release of cash on the basis of blind certifications to accounts
payable, inadequately supported receipts recorded as being held in
trust, and other similar subterfuges.
5. The design
of procedures needed to ensure close coordinating relationships between
the Treasury, the Budget Commission, and the agencies, relative to the
release of allotments, issuance of Notices of Cash Disbursement
Ceilings and preparation/control of Treasury Warrants.
6. The
submission of recommendations within a period of ninety (90) days, by a
Committee headed by the Commissioner of the Budget and consisting of
the Secretary of Finance, the Chairman, Commission on Audit, the
National Treasurer and the Executive Director, National Computer
Center, as members.
7. The
Committee shall call upon the budget officers of agencies to assist in
this work.
Done in the City of Manila, this 13th day of December, in the year of Our Lord, nineteen hundred and seventy-seven.
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