Based on DBM data, notices of cash allocation (NCAs) rose by 12.5 percent to P4.05 trillion as of end-October from P3.6 trillion a year ago.
Despite the increase, government agencies recorded the same utilization rate as last year at 94 percent.
Of the total releases, some P252.09 billion was unused as of end-October.
NCAs are disbursement orders by the DBM to government banks servicing the release of funds to agencies.
State agencies are expected to use the NCAs to pay for the cash requirements of their programs and projects.
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