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    PBSEDSOCSTU009 Macro Economics (Ramos, Ma. Cecilia) Topic 3 and 4 - Task 1

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    Rommel Joseph Tamilag
    This document provides instructions for students to analyze and critique the 2021 proposed budget of the Philippines. It explains that a government budget allocates resources and revenues to achieve economic and social goals, and supports fiscal health. Students are asked to review the 2021 proposed budget document, write a critique paper in a Word file and convert it to a PDF to submit. The document includes a rubric for students to follow in completing the activity.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    PBSEDSOCSTU009 Macro Economics (Ramos, Ma. Cecilia) Topic 3 and 4 - Task 1

    Uploaded by

    Rommel Joseph Tamilag
    27 views4 pages
    This document provides instructions for students to analyze and critique the 2021 proposed budget of the Philippines. It explains that a government budget allocates resources and revenues to achieve economic and social goals, and supports fiscal health. Students are asked to review the 2021 proposed budget document, write a critique paper in a Word file and convert it to a PDF to submit. The document includes a rubric for students to follow in completing the activity.

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    PBSEDSOCSTU009 Macro Economics (Ramos, Ma. Cecilia) Topic 3 and 4 - Task 1

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    This document provides instructions for students to analyze and critique the 2021 proposed budget of the Philippines. It explains that a government budget allocates resources and revenues to achieve economic and social goals, and supports fiscal health. Students are asked to review the 2021 proposed budget document, write a critique paper in a Word file and convert it to a PDF to submit. The document includes a rubric for students to follow in completing the activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views4 pages

    PBSEDSOCSTU009 Macro Economics (Ramos, Ma. Cecilia) Topic 3 and 4 - Task 1

    Uploaded by

    Rommel Joseph Tamilag
    This document provides instructions for students to analyze and critique the 2021 proposed budget of the Philippines. It explains that a government budget allocates resources and revenues to achieve economic and social goals, and supports fiscal health. Students are asked to review the 2021 proposed budget document, write a critique paper in a Word file and convert it to a PDF to submit. The document includes a rubric for students to follow in completing the activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    PBSEDSOCSTU009 (MACRO ECONOMICS)

    National Income and Price Determination, and Financial Sector

    Task 1

    Direction:

    Scrutinize the 2021 Proposed Budget in the Philippines. Thereafter, write a critique paper
    about it. Encode in your answer in a word document then convert it to pdf file before
    submitting it.

    In general, government budget is the financial plan of a government for a given period,
    which shows what its resources are, and how they will be generated and used over the
    period. However, government budgeting is a critical exercise of allocating revenues and
    borrowed funds to attain the economic and social goals of the country. It also entails the
    management of expenditures in such a way that will create the most economic impact
    from the government operations and services while supporting a healthy fiscal position.

    This activity of the government is important because it enables the government to plan
    and manage its financial resources to support the implementation of various programs
    and projects that best promote the development of the country. Though, it can be very
    time-consuming to create a budget, especially in a poorly-organized government system
    and political system where many iterations of the budget may be required. And, the time
    requirement can be unusually large if there is a participative budgeting process in place,
    since the system involves a large number of budget makers.

    Prepared by: Shayne Antonette Matic, LPT


    THIS MODULE IS FOR THE EXCLUSIVE USE OF THE UNIVERSITY OF LA SALETTE, INC. ANY FORM OF REPRODUCTION, DISTRIBUTION,
    UPLOADING, OR POSTING ONLINE IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE UNIVERSITY IS
    STRICTLY PROHIBITED.
    1
    PBSEDSOCSTU009 (MACRO ECONOMICS)
    National Income and Price Determination, and Financial Sector

    In the Philippines, “The 2021 People’s Proposed Budget- Reset, Rebound, and Recover.
    Investing in Resiliency and Sustainability, encloses the proposed 2021 national budget;
    budget dimension; spending priorities; financing; and the basic of budgeting. This budget
    is allocated for the implementation of various government programs and projects, the
    operation of government offices, payment of salaries of government employees, and
    payment of public debts. These expenditures are classified by expense class, sector and
    implementing unit of government.

    Thus, budgeting is used as the tool of decision making by the government. Where, most
    of the economic decisions are being dependent on the budget. Which, economic
    decision includes the investment spending and allocation of resources.

    Link of the 2021 Proposed Budget in the Philippines:


    https://www.dbm.gov.ph/images/pdffiles/2021-Peoples-Proposed-Budget.pdf

    Review the rubric below for you to be guided in accomplishing the preceding activity.

    Prepared by: Shayne Antonette Matic, LPT


    THIS MODULE IS FOR THE EXCLUSIVE USE OF THE UNIVERSITY OF LA SALETTE, INC. ANY FORM OF REPRODUCTION, DISTRIBUTION,
    UPLOADING, OR POSTING ONLINE IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE UNIVERSITY IS
    STRICTLY PROHIBITED.
    2
    PBSEDSOCSTU009 (MACRO ECONOMICS)
    National Income and Price Determination, and Financial Sector

    CRITERIA 5 points 3 points 1 point


    Content Answer is Answer is Content relates
    appropriate to the appropriate to the peripherally to the
    question. Content is question. Content question; Contains
    factually correct. may have one or significant factual
    two factual errors. errors.
    Development Develops each Each point Sparse details or
    point with may supported with evidence. Question
    specific details. some details and only partially
    Answers question evidence. All answered.
    completely. important points
    included.
    Use of Language Uses technical or Accurate word Ordinary word
    scientific choice. No more choice; use of
    terminology than 2 major errors scientific
    appropriately and and a few minor terminology
    correctly. No major errors. avoided. Some
    grammatical or serious errors.
    spelling errors.
    Self-made rubric

    Prepared by: Shayne Antonette Matic, LPT


    THIS MODULE IS FOR THE EXCLUSIVE USE OF THE UNIVERSITY OF LA SALETTE, INC. ANY FORM OF REPRODUCTION, DISTRIBUTION,
    UPLOADING, OR POSTING ONLINE IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE UNIVERSITY IS
    STRICTLY PROHIBITED.
    3
    PBSEDSOCSTU009 (MACRO ECONOMICS)
    National Income and Price Determination, and Financial Sector

    Prepared by: Shayne Antonette Matic, LPT


    THIS MODULE IS FOR THE EXCLUSIVE USE OF THE UNIVERSITY OF LA SALETTE, INC. ANY FORM OF REPRODUCTION, DISTRIBUTION,
    UPLOADING, OR POSTING ONLINE IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE UNIVERSITY IS
    STRICTLY PROHIBITED.
    4

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