The Department of Budget and Management (DBM) and three authorized government servicing banks yesterday signed a memorandum of agreement (MOA) for the implementation of the online release of Notice of Cash Allocation (NCA).
In a statement, Budget Secretary Amenah Pangandaman said the MOA signing is proof of the government’s continued thrust toward achieving bureaucratic efficiency.
“Releasing these documents in digital format may seem like a small step but this is a crucial digitalization initiative as it will not only improve ease of doing business; it will also bring us an estimated cost savings of around P2.8 million per month or around P33 million per year with the reduced costs for security paper, printing, supplies and transportation expenses for physical claiming of documents by agency representatives,” Pangandaman said,
The online release of the NCAs will be carried out through the DBM’s Action Document Releasing System (ADRS). The ADRS is a web-based application that facilitates the release of approved DBM action documents in digital format directly to the authorized users of recipient agencies.
“With the institutionalization of the online release of the NCAs, greater transparency and efficiency are fostered because of the elimination of unnecessary steps and paper wastage in physically signing, routing and photocopying of Action Documents,” said Maria Francesca del Rosario, DBM information and technology group undersecretary.
The MOA was signed between the DBM and three authorized government servicing banks, namely, Land Bank of the Philippines, Development Bank of the Philippines and Philippine Veterans Bank.
“We are committed to playing our role in ensuring a more streamlined and efficient process for releasing NCA to provide immediate, transparent, and efficient public service. Together, we will further help enhance the expenditure performance of national government agencies to implement key programs, activities, and projects in the most immediate time,” said Reynaldo Capa, Landbank first vice president.
According to the agreement, upon digital release of the NCAs from the DBM, the Landbank, DBP and Philippine Veterans’ Bank shall credit the respective Modified Disbursement Scheme sub-accounts and make funds available to concerned agencies. – Angela Celis
