The cash utilization of government agencies is at 73 percent as of January, data released by the Department of Budget and Management (DBM) showed.
According to the status of notice of cash allocation (NCA) utilization posted on the DBM website, the utilization rate in January 2022 was faster than the 72 percent posted in the same period in 2021.
The NCA utilization rate as of January corresponds to P194.5 billion out of the P265.3 billion in NCAs released for the period.
The unutilized NCAs for the month totaled to P70.8 billion.
In the same period in 2021, the NCAs utilized was P160.9 billion.
NCA refers to the disbursement authority issued by the DBM to cover the cash requirements of the operations, programs, and projects of government agencies.
A higher NCA utilization rate demonstrates the capacity of line agencies to quickly disburse their allocated funds and implement their programs and projects.
Line departments utilized P111.5 billion of the P176 billion in NCAs released to them as of January, equivalent to a 63 percent NCA utilization rate.
As for NCA released for budgetary support to government-owned and -controlled corporations, 82 percent was utilized, while 93 percent of the NCA released for allotment to local government units was utilized as of end-January.
