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Spending Rate of State Firms Slows to 83%
The Philippine Star
|March 20, 2025
State agencies recorded a lower spending rate as of February following adjustments done by Congress that President Marcos placed under conditional implementation.
Latest data from the Department of Budget and Management (DBM) showed that notices of cash allocation (NCAs) rose by 16.5 percent to P710.86 billion as of end-February from P609.96 billion in the same month last year.
Despite the higher releases, agencies recorded a lower utilization rate of 83 percent from 88 percent in the comparative period.
This also means that of the total releases, P586.66 billion was utilized and some P124.2 billion was unused as of last month.
NCAs are disbursement orders issued 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.
This story is from the March 20, 2025 edition of The Philippine Star.
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