The cash utilization rate of government agencies is at 94 percent as of October, 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 10 months of 2022 was faster than the 91 percent posted in the same period in 2021.
The NCA utilization rate in January to October 2022 corresponds to P3.36 trillion out of the P3.56 trillion in NCAs released for the period.
The unutilized NCAs for the period totaled to P202.91 billion.
In the same period in 2021, the NCAs utilized was P3.05 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 P2.27 trillion of the P2.47 trillion in NCAs released to them as of October, equivalent to a 92 percent NCA utilization rate.
As for NCA released for budgetary support to government-owned and -controlled corporations, 100 percent was utilized, while 100 percent of the NCA released for allotment to local government units was also utilized during the 10-month period. – Angela Celis
