January-October state agencies’ rate of spending stays the same

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January-October state agencies’ rate of spending stays the same - Business Mirror

Quick Summary:

DESPITE the higher cash allocation released by the national government as of the end of October 2024, the spending rate of state agencies remained the same year-on-year.

Moreover, LGUs were allotted P869.414 billion, up by 11.81 percent from the P777.523 billion allocated a year ago.

For October alone, total cash allocation amounted to P534.367 billion.Of this, P333.876 billion was utilized while P200.490 billion was unused.