THE Department of Budget and Management (DBM) is now eyeing the full implementation of cash-based
budgeting system by 2022 as it currently is on a wait-and-see mode on the government's performance during the transition period in relation to adjusting to the cash-based
Last April, then Budget Acting Secretary Janet Abuelsaid the 2020 expenditure plan would still be cash-based
to ensure the faster implementation of project and delivery of services.
He added that the government was aiming to move from a cash-based
society to a non-cash based society as part of Vision 2030, seeking to increase the percentage of e-payments from 18 percent of total transactions in 2016 to 28 percent by 2020, with the grand goal of 70 percent by 2030.
The Department of Budget and Management (DBM) is amenable to the proposal of the National Economic and Development Authority (NEDA) for the partial implementation of the Duterte administration's cash-based
budgeting following the delay in the general appropriations act (GAA).
Acop then hit Duque for blaming the new cash-based
budgeting system for a lower budget in 2019.
GameStop will be the first video game retailer to leverage InComm's cash-based
payment technology platform, VanillaDirect(TM) Pay, to allow Xsolla's customers to use cash to load their gaming accounts at any of GameStop's more than 3,800 locations across the US.
'The conversion (from cash-based
payments to electronic payments) helps governments improve delivery of social benefits, combat corruption and fraud, and securely disburse payments,' says Sarah Quinlain, head of Mastercard market insights
Summary: The deal is predominantly cash-based
and will be subject to regulatory approvals
While Cambodia remains a largely cash-based
society, the market for financial technology has begun to expand through online payment services and mobile e-wallets like Pi Pay.
Hiere are 2 approaches to recording financial transactions: accrual- and cash-based
Contrary to what some might think, the vast majority of poor families with children receive cash-based
assistance, although today it is in a form very different than it was before the reforms of the late 1990s.