The cash utilization rate of government agencies slowed down to 91 percent as of May 2023, 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 the first five months of 2023 was slower than the 93 percent posted in the same period in 2022.
The NCA utilization rate in January to May 2023 corresponds to P1.57 trillion out of the P1.71 trillion in NCAs released for the period.
The unutilized NCAs for the period totaled to P146.18 billion.
In the same period in 2022, the NCAs utilized was P1.53 trillion.
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 P1.1 trillion of the P1.24 trillion in NCAs released to them as of May, equivalent to an 88 percent NCA utilization rate.
As for NCA released for budgetary support to government-owned and -controlled corporations, 100 percent was utilized, while 99 percent of the NCA released for allotment to local government units was utilized during the five-month period.
