DBM: Cash allocation release, utilization up in January-June, but underspending still a risk

Quick Summary:

THE government’s release of cash allocation and the state agencies’ utilization of their budget both increased in the first half of the year, according to the Department of Budget and Management (DBM).

Of the total amount of NCAs already issued by the DBM as of end-June 2024, P21.929 billion remained unused by various agencies and corporations.

A higher NCA utilization rate shows the capacity of line agencies to disburse their allocated funds in a timely manner and implement their programs and projects.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Utilization Budget Billion Cash Rate Government Agencies Percent Allocation Corporations Ncas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 14:20:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21684828

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