Annual Provincial Budget Approval and Effectivity
- Upon receiving the budget, the provincial board details appropriations based on estimated income.
- The annual budget consists of the previous year’s receipts and expenditures statement plus current year estimates and appropriations.
- Budget appropriation not exceeding estimated receipts (after provisions for statutory/contractual obligations) takes effect on the fixed date.
- If appropriation exceeds estimated receipts, approval by Secretary of Finance is required.
- If Secretary of Finance does not act within 60 days, the budget takes effect.
- Failure of provincial board to enact a budget results in reenactment of the prior year's budget until a new one is approved.
- Supplemental budgets may be made during the year with no changes to health appropriations without consultation with the chief of the sanitary division.
Appeal Process for Heads of Offices
- Heads of offices dissatisfied with the provincial board's budget approval may appeal to the Secretary of Finance within 10 days after notification.
- Appeal must specify disputed budget portions and grounds for objections.
- Secretary of Finance must decide the appeal within 30 days of notice.
Limitations on Salary and Wage Expenditures
- Maximum salary and wage expenditures during a fiscal year are capped as a percentage of the ordinary and regular income from the preceding fiscal year, excluding carried over balances, transfers, and receipts from loans or aids:
- First class A provinces: 40%
- First class B provinces: 45%
- First and second class provinces: 50%
- Third class provinces: 55%
- Fourth class provinces: 60%
- Fifth class provinces: 70%
- The President may authorize any province to exceed these percentages on the Department of Finance's recommendation under specified conditions.
Repeal and Effectivity
- Conflicting laws and executive orders are repealed.
- The Act takes effect immediately upon approval.