No. 18 Part 1 Budgeting_neda_icc

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The Regional Development Council is the correct answer because it is the counterpart of the NEDA Board at the regional level. It functions similarly to the NEDA Board and has regular sectoral and special committees. The Chair and Co-chair of the Regional Development Council are appointed by the President and come from both the government (local) and private sectors. The other options, Local Development Council and Provincial Development Council, do not fully match the description given in the question.

The full definition of ODA is:

Flows of official financing administered with the promotion of the economic development and welfare of developing countries as the main objective, and which are concessional in character with a grant element of at least 25 percent (using a fixed 10 percent rate of discount). By convention, ODA flows comprise contributions of donor government agencies, at all levels, to developing countries (“bilateral ODA”) and to multilateral institutions. ODA receipts comprise disbursements by bilateral donors and multilateral institutions.
— OECD, Glossary of Statistical Terms [2]

In other words, ODA needs to contain the three elements:
(a) undertaken by the official sector (official agencies, including state and local governments, or their executive agencies)[1]
(b) with promotion of economic development and welfare as the main objective; and
(c) at concessional financial terms (if a loan, having a grant element of at least 25 per cent).

Bond flotation refers to the process of issuing bonds to raise funds for specific activities. It is a method commonly used by governments and organizations to finance major development projects. By issuing bonds, the government or organization can generate additional investment requirements and attract investors who are willing to lend money in exchange for regular interest payments. This allows the government or organization to fund projects that may be beyond their current budgetary capacity. Bond flotation is a form of debt financing that provides a long-term source of funding for various activities, including those undertaken by other regions or provinces.

LGUs are authorized to enter into lease contract agreements with suppliers with an option to purchase later on. This means that the LGUs can acquire property, plant, machinery, equipment, etc. through a deferred payment scheme. In this scheme, the LGU can make payments for the acquisition over a period of time instead of making an on-the-spot payment or no payment at all. This allows the LGU to manage its finances more effectively and acquire the necessary assets while spreading out the cost over a longer period.

NEDA stands for the National Economic and Development Authority. It is the central planning agency of the country and is responsible for socio-economic development planning. NEDA plays a crucial role in formulating and implementing the country's development plans and policies. It is an independent agency, according to the 1987 Constitution, and goes beyond mere planning by also being involved in the overall development of the country.

Bilateral Agreement Funds refer to the funds that are provided through bilateral agreements between two countries. In this context, the RP-Japan Technical Assistance agreements are mentioned as an example of such funds. These funds are used to finance various activities, including the conduct of studies and other related activities. Therefore, the correct answer is Bilateral Agreement Funds.

17 regions + 1

Cost monitoring is the correct answer because as a project progresses, it is crucial to track and monitor the costs involved. This helps in identifying any areas where the cost performance is unacceptable or exceeding the budget. By closely monitoring the costs, the project manager can take necessary actions to control and manage the budget effectively. This includes analyzing cost variances, identifying cost overruns, and implementing corrective measures to ensure that the project stays within the planned budget.

Other committees (examples)
Regional Statistical Coordinating Committee
Regional Project Monitoring Committee
Regional Land Use Committee
Regional Committee on Sustainable Development
Regional Gender and Development Coordinating Committee

For projects of national line agencies and GOCCs implemented through the BOT and its
variant schemes.
a. Those costing up to PhP300 million shall be submitted to the ICC for its approval;
and
b. Those costing more than PhP300 million shall be submitted to the NEDA Board for
its approval, upon recommendation of the ICC;

The correct answer is "Commisioning profit." This option refers to the profit generated from the commissioning of a project or service. However, the other financing options listed, such as borrowing/bond flotation, private sector grants/donations, private sector investment (e.g. PPP and its variant schemes), ODA loans and grants, and national domestic revenues (e.g. taxes), are all viable sources of financing for NGA (Next Generation Access) projects.

Amended by RA 8555

ANOTHER TERM IS " CAPITAL BUDGETTING"

The given answer "all of the choices" suggests that both the vertical framework "GPROA" and the horizontal framework "OIDA" are included in the logical framework main content. This means that the content of the logical framework encompasses and incorporates both the vertical and horizontal aspects represented by GPROA and OIDA respectively.

The ICC-TB is a structure that evaluates program/project proposals and recommends the ones that are meritorious to the ICC-CC for approval. It focuses on providing guidance to proponents on how to enhance their proposals before they are presented to the ICC-CC. The ICC Secretariat is responsible for assessing the programs/projects that are brought forward for deliberation by the ICC-TB.

The correct answer is "Concessional and geared to economic & social welfare development." This means that for a project to be considered ODA (Official Development Assistance), it must have concessional terms, meaning it provides financial assistance on more favorable conditions than commercial loans. Additionally, the project must be focused on promoting economic and social welfare development. The other options mentioned in the question, such as being official and not belonging to PEZA (Philippine Economic Zone Authority) or being funded by the private sector, are not the main characteristics that determine if a project is ODA.

The correct answer is "pro investment phase." The NEDA Project Development Cycle consists of four phases: pre-investment phase, investment phase, post-investment phase, and evaluation phase. The pre-investment phase involves project identification, feasibility studies, and project preparation. The investment phase includes project financing, implementation, and monitoring. The post-investment phase focuses on project operation, maintenance, and evaluation. However, the "pro investment phase" is not a recognized phase in the NEDA Project Development Cycle.

The ICC Secretariat is responsible for providing technical staff support to the Technical Board and Cabinet Committee, in coordination with other government agencies. This means that the ICC Secretariat assists these bodies by offering technical expertise and assistance in their decision-making processes. They work closely with other government agencies to ensure effective coordination and collaboration.

The correct answer is "goal." In the NEDA logical framework, the goal refers to the overarching objective or desired outcome that the project or program aims to achieve in the long term. It represents the ultimate impact that the project intends to make and provides a clear direction for all the activities, outputs, and results. The goal is usually broad and may require multiple interventions and strategies to accomplish.

Budgeting involves the allocation and distribution of limited resources among various project groups or functions in a project environment. It is the process of creating a financial plan that outlines the estimated income and expenses for a specific period. By setting a budget, organizations can ensure that resources are allocated efficiently and effectively to meet the objectives of each project group or function. This allows for better financial management and decision-making, ultimately contributing to the success of the overall project.

Specialized Funds and Financing Programs are available to the private sector to finance specific sector projects of the economy. These funds and programs are designed to provide targeted financial support for projects in areas such as infrastructure development, agriculture, education, healthcare, and renewable energy. They are often established by governments, international organizations, or development banks to encourage investment in priority sectors and promote economic growth. These specialized funds and financing programs offer various financial instruments such as grants, loans, guarantees, and equity investments to support the implementation of projects and attract private sector participation.

Local institutions could either be government-owned or private and are used to finance projects. These institutions can include banks, financial institutions, or development agencies that provide funds for various projects. They may offer loans, grants, or other financial assistance to support development initiatives. By leveraging local resources and expertise, these institutions play a crucial role in funding and implementing projects at the local level.

another term is Capital Rationing

pre inestment phase
1. project identification
2. preparation
3.appraisal & financing

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President Fidel V. Ramos signed Memorandum Order No. 222 which reactivated the NEDA Board Executive Committee and mandating that the decisions of the NEDA Board Executive Committee shall be final, executory and binding upon the NEDA Board.[4]

On July 27, 1992, president Ramos signed Republic Act No. 7640, which constituted the Legislative-Executive Development Advisory Committee (LEDAC). The LEDAC serves as a consultative and advisory body to the President as the head of the NEDA and gives advice on certain programs and policies, which are essential to the realization of the goals of national development.

A local bond is an instrument issued by a local government unit (LGU) to raise funds for either operational or capital expenses. Unlike other types of bonds, this particular bond is not tax-exempted. This means that the interest earned from the bond will be subject to taxation.

ODA stands for Official Development Assistance. It refers to resource flows provided by bilateral sources and multilateral institutions with the objective of promoting the economic development and welfare of the recipient country. ODA can include funds from bilateral agreements, specialized funds and financing programs, as well as support from local institutions. Bond flotation, on the other hand, refers to the process of issuing bonds to raise capital and is not directly related to ODA. Therefore, the correct answer is ODA.

The correct answer is "special levy fund" because it is not a source of funding for plan implementation. Special levy funds typically refer to taxes or fees imposed on specific groups of individuals or properties for a particular purpose, such as funding infrastructure projects or public services. However, in the context of plan implementation, special levy funds are not commonly used as a source of financing. Instead, the other options listed (Official Development Assistance, Bilateral Agreement Funds, Specialized Funds and Financing Programs, Local Institutions, and Bond Flotation) are more commonly utilized sources of funding for plan implementation.

NSO is one of the attached committees

The given explanation suggests that the correct answer is "TOP-DOWN BUDGETTING" because it involves collecting data from upper-level sources such as top and middle managers. These sources may provide figures based on their personal judgment, past experience, or past data on similar project activities. This implies that the budgeting process starts from the top-level management and is then cascaded down to lower levels.

ODA FORMS
soft loans
- interest rates range from 0% to 7%
- maturity periods range from 10-50 yrs.
- grace periods range from 5-10 yrs.
grants
- no repayment obligation
- provided in the form of experts, equipment, and training

The correct answer is "activities" because in the NEDA logical framework, activities refer to the specific actions or tasks that need to be carried out in order to produce an output. These activities are an essential part of the overall process and are directly linked to achieving the desired results, goals, and outcomes.

The correct answer is PhP200 million. The explanation for this is that the ICC (Investment Coordination Committee) scope of review and decision covers local BOT (Build-Operate-Transfer) projects to be implemented by local government units (LGUs) costing above PhP200 million. This means that any BOT project implemented by an LGU with a cost of PhP200 million or below would not fall under the ICC's scope of review and decision.

The given correct answer for this question is "Revenue Requirement Analysis". Revenue Requirement Analysis is a process that involves weighing the expected benefits against the initial and expected costs over the life cycle of a project. It calculates the net income by subtracting expenses, interest payments, taxes, and principal payments from the gross income. This analysis helps determine the revenue needed to cover expenses and generate a profit.

The correct answer is NEDA - Chairperson and Department of Finance - Co-Chairperson. This means that the ICC-TB is composed of senior representatives from the National Economic and Development Authority (NEDA) as the Chairperson and the Department of Finance (DOF) as the Co-Chairperson. These two agencies play a crucial role in the decision-making process and coordination of the ICC-TB.

The NEDA Board is responsible for confirming ICC decisions and approving certain pre-conditions. These pre-conditions include loans and guarantees of the national government, private sector access to ODA financing, obtaining BSP authority to negotiate for foreign loans, Monetary Board approval for foreign borrowings, and budgetary appropriations. Therefore, the NEDA Board is the correct answer as it has the authority to make these decisions and approvals.

The correct answer is ICC-CC because it is mentioned in the given passage as one of the memberships of the NEDA BOARD.

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The loan eligibility criteria for a project include the following: it must be a viable project, it should be in the LDP and AIP, and the nature of the project must be revenue generating or cost-saving. However, the project does not necessarily have to be aesthetic and structurally sound in order to meet the loan eligibility criteria.

NEDA project development cycle investment phase
-project implementation
-detailed engineering design

RA 10155 is the correct answer because it is the General Appropriations Act. The General Appropriations Act is a law that authorizes the government to spend public funds for a specific fiscal year. It outlines the budget allocations for different government agencies and programs. RA 10155 specifically refers to the General Appropriations Act for a particular year, indicating that it is the correct answer in this context.

Post investment phase
-project operation
-ex post valuation

The correct answer is "bear guarantee of national government." This means that if the bond issue is going to have a guarantee from the national government, then the approval of the Finance Secretary is required. However, if the bond issue does not have a guarantee from the national government, then the approval of the Finance Secretary is not required.

Investment Coordination Committee Structure
ICC SECRETARIAT
ICC CABINET
COMMITTEE
ICC TECHNICAL
BOARD
NEDA BOARD
Confirms ICC decisions; NEDA Board approval as pre-conditions for: (1) Loans and
guarantees of national government; (2) Private sector access to ODA financing; (3)
Obtaining BSP authority to negotiate for foreign loans and Monetary Board approval for
foreign borrowings; and (4) Budgetary appropriations.
Establishes desirability of the proposed projects vis-à-vis national government priorities
and other considerations
Membership: NEDA - Chair; DOF – Co-Chair; Members: OP, DBM, DTI, DA, BSP, DENR, PPP
Center, DOE

The given answer "ICC-TB" is the correct answer because it is a part of the membership list provided. The question asks for the correct answer among the listed options, and ICC-TB is one of the options listed.

The correct answer is ICC because the question asks for an organization or entity that is responsible for reviewing the fiscal, monetary, and BOP implications of MCPs (presumably referring to major construction projects) and recommending a timetable for their implementation. ICC stands for Investment Coordination Committee, which is a government body in some countries that evaluates and approves major infrastructure projects based on their economic viability and impact on the country's fiscal, monetary, and balance of payments (BOP) position. Therefore, ICC is the most appropriate choice for this question.

president Ramos signed Republic Act No. 7640, which constituted the Legislative-Executive Development Advisory Committee (LEDAC) is one of the Interagency commitees.