The cash utilization rate of government agencies is at 98 percent as of March 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 three months of 2023 was slightly slower than the 99 percent posted in the same period in 2022.
The NCA utilization rate in January to March 2023 corresponds to P835.5 billion out of the P852.8 billion in NCAs released for the period.
The unutilized NCAs for the period totaled to P17.3 billion.
In the same period in 2022, the NCAs utilized was P880 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 P567 billion of the P584.3 billion in NCAs released to them as of March, equivalent to a 97 percent NCA utilization rate. – Angela Celis
