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.
Denne historien er fra November 23, 2024-utgaven av The Philippine Star.
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Denne historien er fra November 23, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Just and lasting peace
ROSES & THORNS
The movie in my mind
In a rare gesture from the highest office of the land, this year's Metro Manila Film Festival (MMFF) got a big endorsement.
New vocabulary of 'brat' Innocents
“For your generation, what does ‘tito’ or ‘tita’ mean?” asked Ms. Rellzah, 22, my Gen Z partner in Sapol-dwIZ. Of course us seniors use those to address the brother or sister of our parent.
Why 'A Christmas Carol' endures
Since its publication in December 1843, \"A Christmas Carol\" by Charles Dickens has been a cherished presence during the holiday season.
Time to call 'Housekeeping'
Given how he and his administration scored in the latest survey, plus a couple of love letters from concerned groups regarding impeachments and budget cuts on the military, now would be the right time for President Ferdinand Marcos Jr. to do the necessary \"housekeeping\" among his non-performing appointees or NPAs in government.
Creative budgeting
People who feel overworked and underpaid, including teachers and health workers, should look at the fund allotments and expenditures of lawmakers for 2023—and weep.
Gains of anti-child labor law lauded
Sen. Loren Legarda lauded the gains of the 2003 Anti-Child Labor Law in reducing the number of Filipino children working in unsafe conditions, but acknowledged that poverty remains an issue.
12 Projects Eligible for CREATE MORE Incentives - BOI
Twelve projects with a capital investment of over P15 billion each are qualified to transfer their registration to CREATE MORE for availment of enhanced tax incentives, according to the Board of Investments (BOI).
Seafarers Move Global Trade - And Christmas Gifts
On a balmy December evening, four Indian crew members, eager to go explore this Mediterranean city where their container ship docked for a few hours, turned for help to Stella Maris.
Law penalizes foreign vessels polluting, poaching in Phl
A new law that President Marcos signed will protect the country from foreign ships that pollute domestic waters across the archipelago, and provide penalties as well for poachers who fish or explore local marine resources.
