4 months State agencies’ budget utilization rises in Jan-July Manilatimes |Biz
THE budget utilization of government agencies has improved in the first seven months of 2019, the Department of Budget and Management (DBM) reported on Thursday.
Pedestrians pass by the Department of Budget and Management building in Manila in this file photo. PHOTO BY JOHN ORVEN VERDOTEIn a statement, the Budget department said agencies used P1.569 trillion of the P1.688 trillion released under the Notice of Cash Allocation (NCA) from January to July. This translates to a utilization ratio of 93 percent, compared with 78 percent in the same period in 2018.
NCAs refer to disbursement authorities issued ... more