THE DEPARTMENT OF Budget and Management under Secretary Florencio Abad will phase out the requirements of special allotment release order (SARO) and agency budget matrix (ABM) for the release of finds in the 2013 National Budget.
The agency observed that only a few budgetary items require its approval before the corresponding allocation is released. In its proposed budget next year, the approve national budget will become a comprehensive release order, which provides direct release of the budgets for government agencies. Abad said that this approach will cut on the long release gap that aforementioned documents are known to require.
All appropriations have a one-year validity, afterwhich it cannot be carried over to the following year.
Source
_____: "DBM to phase out SAROs, ABMs from 2013 national budget," InterAksyon 26 January 2012 [Read]
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