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Fiscal administration refers to systems, structures, processes, resources, and the policy, environment, government, the inter-governmental and inter-local fiscal relations, affecting among others, the following:

o the giving of allotments and grants by the national government (NG) to local government units (LGUs);

o sharing of taxing powers between the NG and the LGUs, and among LGUs units;

o policy on tax rates and structure;

o revenue and expenditure planning;

o revenue and expenditure planning;

o revenue utilization and expenditure allocation;

o monitoring and approval of budgets, tax ordinances and other fiscal measures;

o policy on borrowing and borrowing instruments; and

o appointment and supervision of local fiscal officers.

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14y ago

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More answers

Fiscal administration refers to the management and oversight of government finances, including budgeting, taxation, and expenditure of public funds. It involves ensuring that government revenue is collected efficiently, allocated effectively, and spent transparently in accordance with laws and regulations. The goal of fiscal administration is to promote fiscal discipline, accountability, and economic stability.

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11mo ago
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Q: What is fiscal administration?
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