Budget Process for Government Corporations

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EXECUTIVE ORDER NO. 518: Budget Process for Government Corporations

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Title Supreme Court: Budget Process for Government Corporations

Law: Executive Order No. 518

Decision Date: Jan 23, 1979

Executive Order No. 518 mandates a structured procedure for the preparation and approval of operating budgets for government-owned or controlled corporations, ensuring alignment with national development plans and budgetary standards while allowing flexibility based on financial performance.

operating budget

budget approval

national development

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