Your question: What does a fiscal do in the Philippines?

What is a fiscal lawyer?

As nouns the difference between attorney and fiscal

is that attorney is (us) a lawyer; one who advises or represents others in legal matters as a profession while fiscal is a public official in certain countries having control of public revenue or fiscal can be any of various african shrikes of the genus lanius .

What is the work of fiscal lawyer in the Philippines?

“The City Fiscal shall be the chief Legal Adviser and Chief Prosecutor of the city. He shall have the following powers and duties: … “(f) He shall investigate all charges of crimes, misdemeanors, and violation of laws and city ordinances and complaint against the persons accused.

What is fiscal year in the Philippines?

The accounting period must follow a 12-month fiscal period but may or may not follow the calendar year. Most Philippine companies have a fiscal year that ends in December or March.

What is the role of fiscal?

The role of fiscal policy. Fiscal policy can promote macroeconomic stability by sustaining aggregate demand and private sector incomes during an economic downturn and by moderating economic activity during periods of strong growth.

THIS IS AMAZING:  What is the best Muay Thai gear?

What is the difference between a prosecutor and lawyer?

Some people may not know the difference between a prosecutor and a criminal defense lawyer. … But the main difference is that the prosecutor represents the interest of the state or Federal government in court, and the criminal defense lawyer works for the individual who is being charged with a crime.

What are the advantages and disadvantages of a lawyer?

Top 10 Being a Lawyer Pros & Cons – Summary List

Being a Lawyer Pros Being a Lawyer Cons
You can start your own law firm People may insult and threaten you
Lawyers can build a strong business network Law school is quite expensive
Being a lawyer never gets boring Not every lawyer gets a good salary

What are the 5 pillars of CJS?

The Philippine criminal justice system is composed of five parts or pillars, namely, law enforcement, prosecution, judiciary, penology, and the community.

What is purpose time and amount?

Time (or the “bona fide needs rule”) is how long money is available for agencies to fund those contracts/programs – this is why September is always crazy with awards. Amount is how much an agency can spend on those contracts/programs and, if the limit is busted, that is known “Antideficiency Act violation.”

Why do we need fiscal policy?

Fiscal policy is an important tool for managing the economy because of its ability to affect the total amount of output produced—that is, gross domestic product. … This ability of fiscal policy to affect output by affecting aggregate demand makes it a potential tool for economic stabilization.

THIS IS AMAZING:  Is Thai Food heart healthy?

Which is an example of a fiscal policy?

The two major examples of expansionary fiscal policy are tax cuts and increased government spending. … Classical macroeconomics considers fiscal policy to be an effective strategy for use by the government to counterbalance the natural depression in spending and economic activity that takes place during a recession.

How is fiscal year calculated?

A company’s fiscal year always aligns with the end date of a given 12-month period. For example, a fiscal year from May 1 2020 to April 30 2021 would be FY 2021. Fiscal years also always end on the last day of the month, unless it is December (in which case it would simply be a calendar year).

What is fiscal year example?

Oftentimes “fiscal year” is abbreviated to “FY,” such as “FY 2020.” Specific fiscal years are referred to with the year in which they end. For example, if a company has a fiscal year from July 1, 2020 to June 30, 2021, the fiscal year would be “FY 2021.”

Is this fiscal year 2020 or 2021?

A fiscal year is denoted by the year in which it ends, not in which it starts, so the US federal government fiscal year starting on October 1, 2020 and ending on September 30, 2021 is denoted as the fiscal year 2021 (often abbreviated as FY2021 or FY21), not as fiscal year 2020/21.