Budget Estimates.
Section 10
Sec. 10. Budget Estimates. —Each head of department or agency of the National Government shall submit his request for appropriations to the Budget Commission in accordance with budget calendar and such rules and regulations as may be issued in accordance with this Act. The budget estimates shall include the following: a. Major functions, activities, programs and projects showing the general character and relative importance of the work to be accomplished or the services to be rendered and the principal elements of costs involved. b. Current operating expenditures and capital outlays. c. Identification by region, pursuant to existing policies on regionalization of government operations. d. Financing sources reflecting all revenues, foreign and domestic borrowings, and donations. e. Contingent liabilities, including national government guarantees of obligations of government-owned or controlled corporations. f. Brief description of the nature of work to be performed and the significance and scope of each program by activity, service, end-product or benefit, and major thrusts for the ensuing fiscal year."