Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Agencies' budget usage rate improves to 70%
The Philippine Star
|February 24, 2024
State agencies recorded a better spending rate at the start of the year as the government ramped up the release of its cash allocations to fund various projects.
Latest data from the Department of Budget and Management (DBM) showed that notices of cash allocation (NCAs) rose by three percent to P293.56 billion in January from P284.47 billion in the same month in 2023.
Likewise, utilization rate improved to 70 percent from 66 percent. A higher utilization ratio indicates greater capacity of agencies to implement their programs and projects.
Of the total releases, the DBM said P205.02 billion was utilized, while P88.54 billion was unused last month.
The DBM earlier called on state agencies to ramp up their spending as the low budget utilization tends to impact economic growth.
Dit verhaal komt uit de February 24, 2024-editie van The Philippine Star.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Philippine Star
The Philippine Star
Iloilo bet crowned sprint king
A new sprint king has reached the summit of the National Youth Games now known as Batang Pinoy.
1 min
October 30, 2025
The Philippine Star
Charting a shared course: New Zealand, the Philippines and ASEAN
Two years ago, the Royal New Zealand Navy's HMNZS Aotearoa sailed into Philippine waters, for the first time, on a mission of goodwill.
3 mins
October 30, 2025
The Philippine Star
NAIA: A year of change
It’s now been a little more than a year since the Ramon Angled consortium took over the operations and maintenance of the Ninoy Aquino International Airport (NAIA) on Sept. 14, 2024, and what a year it has been for the airport operator.
3 mins
October 30, 2025
The Philippine Star
Lifelong
rom rece
1 min
October 30, 2025
The Philippine Star
Marcos signs law banning POGOS
President Marcos has signed a law banning Philippine offshore gaming operators, more than a year after he ordered a crackdown on the POGOs, which have been linked to cyberscams, money laundering, human trafficking and other illegal activities.
3 mins
October 30, 2025
The Philippine Star
BARON GEISLER FINDS A MENTOR IN 'DELIVERY RIDER' DIRECTOR LESTER PIMENTEL ONG
BARON GEISLER RECENTLY SHARED HOW HE FOUND A MENTOR AND FATHER FIGURE, who continues to inspire him on and off the set, in “Delivery Rider” director Lester Pimentel Ong.
3 mins
October 30, 2025
The Philippine Star
A fascination with the world of maps
My fascination with maps began during my grade school days when I became obsessed with reading historical fiction books and books about other countries.
3 mins
October 30, 2025
The Philippine Star
Lifelong learning law signed
President Marcos has signed the Lifelong Learning Development Framework (LLDF) Act into law, which aims to promote functional literacy at all levels of society.
1 min
October 30, 2025
The Philippine Star
Magno sworn in as NBI OIC
Angelito Magno has formally assumed leadership of the National Bureau of Investigation as officer-in-charge, following President Marcos’ acceptance of the resignation of former NBI director Jaime Santiago.
1 min
October 30, 2025
The Philippine Star
PNP mobilizes units vs profiteering, hoarding
Hoarders and profiteers will be apprehended as the Philippine National Police has mobilized units to assist in keeping the prices of essential goods affordable.
1 min
October 30, 2025
Translate
Change font size