Data from Department of Budget and Management (DBM) showed that notices of cash allocation (NCAs) grew by almost 10 percent to P3.12 trillion as of end-August from P2.85 trillion in the same period last year.
Even with the increase, government agencies recorded a slightly higher utilization rate of 95 percent from 93 percent in the eight-month period in 2023.
This means that of the total releases, some P161.97 billion was unused as of end-August.
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.
A higher utilization ratio indicates greater capacity of agencies to implement their programs and projects.
Bu hikaye The Philippine Star dergisinin September 21, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin September 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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