Section 59
SEC. 59. Monitoring of Expenditures.-Expenditures of national government agencies shall be recorded so as to identify expenditures as classified into such categories as may be determined by the Budget Commission, including but not limited to the following: (a) agency incurring the obligation, (b) program, project and activity, (c) object of expenditure, including personal services, operating and maintenance expenditures, equipment, and capital outlays, (d) region or locality of use, (e) economic or functional classification of the expenditures, (f) obligational authority and cash transactions arising from fund releases, and such other classifications as may be necessary for the budget process. The Commissioner of the Budget shall determine the data and information requirements thus needed and the Commission on Audit shall formulate the accounting rules and regulations, including changes in the Chart of Accounts and the general or subsidiary accounting records, as may be necessary to generate the desired data and information. The Chief Accountants of agencies and where necessary, accountants of regional offices, shall submit the data needed by the Budget Commission in accordance with such rules and regulations as it may formulate.