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State agencies' cash usage down in November
December 26, 2023
|The Philippine Star
The government slightly increased its cash allocations, but spending by state agencies remained lower as of end-November.
Data from Department of Budget and Management DBM) showed that notices of cash allocation NCAs) inched up by just under one percent to reach P4.03 trillion as of the end of November.
Despite the increase, government agencies recorded a lower utilization rate of 93 percent, compared to 94 percent last year.
This means that of the total releases, some P274.58 billion was unused as of end-November.
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.
هذه القصة من طبعة December 26, 2023 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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