The cash utilization of government agencies in the first eight months of the year is at 91 percent, 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 to August was faster than the 83 percent posted in the same period in 2020.
The NCA utilization rate as of end-August corresponds to P2.45 trillion out of P2.68 trillion in NCAs released for the period.
From January to August, the unutilized NCAs totaled to P229.06 billion.
In the same period in 2020, the NCAs utilized was P2.25 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 P1.65 trillion of the P1.86 trillion in NCAs released to them from January to August this year, equivalent to an 89 percent year-to-date NCA utilization rate.
As for NCA released for budgetary support to government-owned and -controlled corporations, 91 percent was utilized.
Meanwhile, 99 percent of the NCA released for allotment to local government units was utilized as of end-August. – Angela Celis
