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Department Of Budget And Management
The Department of Budget and Management (DBM; fil, Kagawaran ng Badyet at Pamamahala) is an executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals. The department has four undersecretaries and four assistant secretaries. History At the beginning of the 20th century, the Second Philippine Commission, acting as a legislative body, enacted appropriations measures for the annual expenditures of the government. This was in accordance with the Philippine Bill of 1902, which decreed that disbursements from the national treasury were to be authorized only in pursuance of appropriations made by law. With the passage of the Jones Law in 1916, the Philippine Legislature was set up with two chambers: the Philippine Senate and the House of Representative. The governor-general w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Finance (Philippines)
The Department of Finance (DOF; fil, Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public sector debt, and the rationalization, privatization and public accountability of corporations and assets owned, controlled or acquired by the government. History The Department of Finance was established on March 17, 1897, at the same time that the Revolutionary Government was founded in Naic, Cavite. General Baldomero Aguinaldo was appointed Director of Finance by General Emilio Aguinaldo. The Finance Director became the Secretary of the Treasury under the first constitutional republican government, the Biak-na-Bato Republic. In 1901, the Department of Finance and Justice was formally organized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boom And Bust
Business cycles are intervals of expansion followed by recession in economic activity. These changes have implications for the welfare of the broad population as well as for private institutions. Typically business cycles are measured by examining trends in a broad economic indicator such as Real Gross Domestic Production. Business cycle fluctuations are usually characterized by general upswings and downturns in a span of macroeconomic variables. The individual episodes of expansion/recession occur with changing duration and intensity over time. Typically their periodicity has a wide range from around 2 to 10 years (the technical phrase "stochastic cycle" is often used in statistics to describe this kind of process.) As in arvey, Trimbur, and van Dijk, 2007, ''Journal of Econometrics'' such flexible knowledge about the frequency of business cycles can actually be included in their mathematical study, using a Bayesian statistical paradigm. There are numerous sources of business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Ministries
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", "finance", "financial affairs", "economy" or "economic affairs". The position of the finance minister might be named for this portfolio, but it may also have some other name, like "Treasurer" or, in the United Kingdom, "Chancellor of the Exchequer". The duties of a finance minister differ between countries. Typically, they encompass one or more of government finance, fiscal policy, and financial regulation, but there are significant differences between countries: * in some countries the finance minister might also have oversight of monetary policy (while in other countries that is the responsibility of an independent central bank); * in some countries the finance minister might be assisted by one or more other ministers (some supported by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministries Established In 1936
Ministry may refer to: Government * Ministry (collective executive), the complete body of government ministers under the leadership of a prime minister * Ministry (government department), a department of a government Religion * Christian ministry, activity by Christians to spread or express their faith ** Minister (Christianity), clergy authorized by a church or religious organization to perform teaching or rituals ** Ordination, the process by which individuals become clergy * Ministry of Jesus, activities described in the Christian gospels * ''Ministry'' (magazine), a magazine for pastors published by the Seventh-day Adventist Church Music * Ministry (band), an American industrial metal band * Ministry of Sound, a London nightclub and record label Fiction * Ministry (comics), a horror comic book created by writer-artist Lara J. Phillips * Ministry of Magic, governing body in the ''Harry Potter'' series * Ministry of Darkness, a professional wrestling stable led by Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Budget And Management (Philippines)
The Department of Budget and Management (DBM; fil, Kagawaran ng Badyet at Pamamahala) is an executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals. The department has four undersecretaries and four assistant secretaries. History At the beginning of the 20th century, the Second Philippine Commission, acting as a legislative body, enacted appropriations measures for the annual expenditures of the government. This was in accordance with the Philippine Bill of 1902, which decreed that disbursements from the national treasury were to be authorized only in pursuance of appropriations made by law. With the passage of the Jones Law in 1916, the Philippine Legislature was set up with two chambers: the Philippine Senate and the House of Representative. The governor-general w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benigno S
Benigno may refer to: ;Surname * Francesco Benigno (born 1967), Italian actor *Joe Benigno (born 1953), American sports radio personality *Teodoro Benigno (1923–2005), Filipino journalist ;Given name *Benigno Aquino Sr. (1894–1947), Filipino politician and Speaker of the Second Philippine Republic National Assembly from 1943 to 1944 *Benigno Aquino Jr. (1932–1983), Philippine Senator, son of Benigno Sr., and governor of Tarlac *Benigno Aquino III (1960–2021), Filipino politician, son of Benigno Jr., and president of the Philippines * Paolo Benigno Aquino IV (born 1977), Filipino politician, nephew of Benigno Jr. * Benigno Perez (born 1990), Filipino model, TV host and actor *Benigno Zaccagnini (1912-1989), Italian politician and physician ;Other *Benigno & Roberts, show hosted by Joe Benigno *San Benigno Canavese a municipality in the province of Turin See also *Benign * Benigni (other) *Benignus (other) Benignus may refer to: * Saint Benignus of Dijon (3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine International Convention Center
The Philippine International Convention Center ( fil, Sentrong Pangkumbensyong Pandaigdig ng Pilipinas, or PICC) is a convention center located in the Cultural Center of the Philippines Complex in Pasay, Metro Manila, Philippines. The facility has been the host of numerous local and foreign conventions, meetings, fairs, and social events. The PICC served as the office of the Vice President of the Philippines until 2005. It also previously housed the Philippine Charity Sweepstakes Office. History In 1974, then President Ferdinand Marcos signed the Presidential Decree No. 520 which authorized the Central Bank of the Philippines (now Bangko Sentral ng Pilipinas) to construct an international conference building, acquire a suitable area for that purpose, and organize a corporation to manage a conference center. Thus, the PICC was organized under the Corporation Code. This was a part of Marcos' efforts to make Metro Manila as one of Southeast Asia's financial centers. The PICC bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Florencio Abad
Florencio "Butch" Barsana Abad (born July 13, 1954) is a Filipino lawyer and politician. Having held many cabinet-level ranks in the past, he was appointed by President Benigno Aquino III as Secretary of the Philippine Department of Budget and Management.Noynoy names Cabinet execs, senior government officials Abad held various cabinet-level positions in the past, particularly as Secretary of the and Secretary of the |
Good Governance
Good governance is the process of measuring how public institutions conduct public affairs and manage public resources and guarantee the realization of human rights in a manner essentially free of abuse and corruption and with due regard for the rule of law. Governance is "the process of decision-making and the process by which decisions are implemented (or not implemented)"."What is Good Governance" , 2009. Accessed April 6, 2021. Governance in this context can apply to corporate, international, national, or local governance as well as the interactions between other sectors of society. The concept of "good governance" thus emerges as a model to compare ineffective economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gloria Macapagal Arroyo
Maria Gloria Macaraeg Macapagal Arroyo (, born April 5, 1947), often referred to by her initials GMA, is a Filipino academic and politician serving as one of the Deputy Speaker of the House of Representatives of the Philippines, House Deputy Speakers since 2022, and previously from 2016 to 2017. She previously served as the List of presidents of the Philippines, 14th president of the Philippines from 2001 until 2010. She is the longest serving president of the Philippines since Ferdinand Marcos. Before her accession to the presidency, she served as the List of vice presidents of the Philippines, 10th vice president of the Philippines from 1998 to 2001 under President Joseph Estrada, making her the country's first female vice president, despite having run on an opposing ticket. She was also a Senate of the Philippines, senator from 1992 to 1998. After her presidency, she was elected as the House of Representatives of the Philippines, representative of Pampanga's Pampanga's 2nd cong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expansionary Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation (which is considered "healthy" at the level in the range 2%–3%) and to increase employment. Additionally, it is designed to try to ke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macroeconomics
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism." Macroeconomists study topics such as Gross domestic product, GDP (Gross Domestic Product), unemployment (including Unemployment#Measurement, unemployment rates), national income, price index, price indices, output (economics), output, Consumption (economics), consumption, inflation, saving, investment (macroeconomics), investment, Energy economics, energy, international trade, and international finance. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
