State auditors found that the city government released funds beyond the allowed period. Butuan officials agreed with the COA recommendation to seek an extension of the utilization period of the funds.
The budget-making process begins in August or September at the finance ministry, specifically the Budget Division in the Department of Economic Affairs in the Ministry of Finance. A core Budget group consisting of the finance minister, finance secretary, revenue secretary, expenditure secretary, and the chief economic advisor starts working on the budget.
Capitol, union ink CAN visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.