Budget utilization hits 93% in April

May 25, 2024 12:43 am

GOVERNMENT agencies improved their spending in April, reaching a utilization rate of 93 percent, data from the Department of Budget and Management (DBM) showed.

According to the 2024 report on the utilization of notices cash allocation (NCA), the national government, along with local governments and state-owned enterprises, employed P1.3 trillion out of the total P1.4 trillion worth of NCAs that were issued by the end of April.

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