The P2.9 billion buffer fund, under the bicameral report, will be sourced from the President's reserve control account.
12.
It will no longer be mandatory for the President to source the buffer fund for oil subsidy from his reserve control account or RCA as earlier proposed.
13.
This development further exacerbated the problem of rice oversupply, leading to a huge rice stock and creating great deficits in the government's foodstuff control account.
14.
If the discrepancy is significant, then actions such as stock counts can be triggered in order to validate stock and correct the balance sheet and clear the control account.
15.
Under the House-approved version of the new oil deregulation law, the money would come from the President's very own kitty, the shadowy Reserve Control Account.
16.
Ramos and his former Finance Secretary Roberto de Ocampo had maintained that sourcing the buffer fund from the reserve control account ( RCA ) would adversely affectgovernment's fiscal position.
17.
Balances on control accounts were copied from one book to another, so that a full set of accounts could be completed and as an additional process control accounts were reconciled.
18.
Balances on control accounts were copied from one book to another, so that a full set of accounts could be completed and as an additional process control accounts were reconciled.
19.
Matters aren't made easier for Ramos by the fact that his own pork barrel, the mysterious reserve control account is in turn sourced from the reserves of government agencies.
20.
The original bicam version had called for the buffer fund to be sourced from Ramos'reserve control account, a fund sourced from reserve impositions on the allocations of government agencies.
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