Question & AnswerQ&A (LETTER OF INSTRUCTIONS NO. 925)
Cash Disbursement Ceilings are issued to ensure that agency disbursements are within the limits of cash availability in the Treasury.
The NEDA Committee on Infrastructure is responsible for preparing the infrastructure program of an incoming year no later than October 15 of the immediately preceding year.
The Standing Committee of the Cabinet must review the infrastructure program and submit its comments and recommendations to the President not later than November 15.
The Minister of the Budget shall release obligational authority and CDC on peso costs of the infrastructure program for the entire year within three weeks of the President's approval.
The infrastructure program must include the quarterly cash requirements of individual projects corresponding to the schedule of payment for work accomplished during the quarter or prior years’ accomplishments, determined by the implementing ministries in coordination with NEDA, the Treasury, and the Ministry of the Budget.
CDC for current obligations intended for new construction/accomplishment may not be used to pay accounts payable on work accomplished in prior years without prior approval of the Minister of the Budget.
The validity of any CDC unused as of December 31 shall automatically extend into the first quarter of the next succeeding year but shall only be used for payment of accounts payable incurred for duly authorized projects indicated in the unexpired CDC.
The National Treasury must maintain a record of payments for each project and submit a report on such payments to the Minister of Finance, the Minister of the Budget, and the implementing Ministries concerned.
No, salaries for persons in permanent positions listed in the current year's Personal Services Itemization may be paid without the need for a CDC.
The Bureau of Internal Revenue is authorized to withdraw funds from the Treasury without CDC for refunding excess amounts of withholding tax deducted from contractor payments and refunding excess income tax payments.