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REPUBLIC OF THE PHILIPPINES i DEPARTMENT OF BUDGET AND MANAGED SFIO I A L, CLASS ^ Gaea:BORODIN HALL, GENERAL SOLANO STREET. SAN MIGUEL, INCORPORATE BUDGET CIRCULAR NO.24Date: November 4, 2022, TO:The

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How to fill out budget preparation and execution

01

Identify the financial goals and objectives of the organization

02

Gather all necessary financial data and information

03

Estimate the revenue and expenses for the upcoming period

04

Allocate resources based on priority and feasibility

05

Create a detailed budget document outlining all financial aspects

06

Present the budget to stakeholders for approval

07

Monitor and track the budget throughout the execution phase

08

Adjust the budget as needed based on actual financial performance

Who needs budget preparation and execution?

01

Businesses

02

Non-profit organizations

03

Government agencies

04

Individuals managing personal finances

05

Investors evaluating potential investments

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What is budget preparation and execution?

Budget preparation and execution is the process of creating a financial plan for a specific period of time, typically a fiscal year, and then carrying out that plan by allocating resources accordingly.

Who is required to file budget preparation and execution?

Government agencies, organizations, and businesses are typically required to file budget preparation and execution.

How to fill out budget preparation and execution?

To fill out budget preparation and execution, one must gather financial data, assess expenses and revenues, and allocate resources based on priorities and goals.

What is the purpose of budget preparation and execution?

The purpose of budget preparation and execution is to set financial goals, allocate resources efficiently, monitor performance, and ensure financial stability.

What information must be reported on budget preparation and execution?

Information such as revenues, expenses, planned expenditures, and financial projections must be reported on budget preparation and execution.

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