2 months COA hits CHED for underutilization of budget for vital education projects; absorption at low 50.77 percent MB
By Ben Rosario Only half of the P44.75 billion of the total budget for various education program was spent by the Commission on Higher Education last year, the Commission on Audit has revealed. Commission on Audit (MANILA BULLETIN FILE PHOTO) COA, in it 2018 annual audit report for CHED, chided the agency for its slow utilization of its 2018 allotment, noting that only P22.724,072,460.91 or 50.77 percent out of the total allotment was used to implement its projects. Among the affected projects are the Universal Access to Quality Tertiary Education or UAQTE; Philippine-California Advanced Research Institutes (PCARI), assistance for higher ... more