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It is the power to estimate or determine existing or expected sources of revenues and the needed expenses of government for a specified period of time.

It is provided in the 1987 Philippine Constitution. Article VII, Section 22:

"The President shall submit to the Congress within thirty days from the opening of every regular session, as the basis of the general appropriations bill, a budget of expenditures and sources of financing including receipts from existing and proposed revenue measures."

-Doctrine of Separation of Powers and Complimentary Principles; Dannug and Campanilla.

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Delia Auer

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