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SFC in budget allocation refers to "Service Funding Category," which is a classification used to organize and allocate budget resources based on specific services or programs. It helps in identifying and prioritizing funding for various services, ensuring that financial resources are directed towards areas of need or strategic importance. This categorization aids in transparency and accountability in financial planning and decision-making processes.

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3w ago

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Allocation of philippines' 2009 national budget?

allocation of the 2009 national budget


Which budget is prepared without monetary amounts?

A budget prepared without monetary amounts is known as a "zero-based budget." This type of budget focuses on justifying each expense, starting from a "zero base," rather than adjusting previous budgets. It emphasizes the prioritization of activities and resource allocation based on needs and benefits rather than historical expenditures. This approach allows for a more strategic allocation of resources based on current objectives rather than past spending patterns.


What is another term for budget?

Another term for budget is "financial plan." This term encompasses the allocation of resources and expenses over a specific period, helping individuals or organizations manage their finances effectively. Other synonyms include "spending plan" or "fiscal plan."


What is the allocation function?

what is allocation function


Incremental Allocation method?

The Incremental Allocation method is a budgeting approach that allocates resources based on the previous period's budget, making adjustments for expected changes in costs or revenues. It focuses on incremental changes rather than starting from a zero base, which can simplify the budgeting process. This method is often used in organizations with stable operations, as it allows for easier planning and forecasting. However, it may overlook inefficiencies in the existing budget and lead to perpetuating outdated practices.