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Gov't releases record P4.9 T in cash allocations
The Philippine Star
|March 11, 2025
The government released a record P4.9 trillion in cash allocations last year largely to finance infrastructure projects, as well as the education sector, the Department of Budget and Management (DBM) said.
Latest data from the DBM showed that the release of notice of cash allocations (NCAs) for 2024 rose by 10 percent to P4.9 trillion from P4.45 trillion in 2023.
Even with the increase, government agencies recorded a higher utilization rate of 99 percent from 98 percent the year prior.
This means that of the total releases, only some P72.6 billion was left unused as of end-2024.
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.
Diese Geschichte stammt aus der March 11, 2025-Ausgabe von The Philippine Star.
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