Mention732534

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so:text The Senate general provision also states that savings may result from non-commencement of the P/A/P or the inability of the agency to obligate its released allotment and implement it within the period when the appropriation is valid, whereas the House version qualifies that savings also result from non-commencement of a P/A/P, meaning the inability of the agency to obligate an allotment only within the first semester of the year. In the same manner, the Senate provision demands more fiscal responsibility from agencies by adding the proviso in Sec. 68 that “Programmed appropriations which have not been released or allotments not obligated due to the fault of the agency concerned shall not be considered as savings and shall revert to the General Fund. (en)
so:isPartOf https://en.wikiquote.org/wiki/Francis_Escudero
so:description Speech: Sponsorship Speech for the FY 2015 National Budget (en)
so:description 2014 (en)
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qkg:Quotation694773 qkg:hasMention
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