Govt budget utilization hits 94% at end-July

Aug 31, 2024 12:29 am

GOVERNMENT agencies improved their spending in July, reaching a utilization rate of 94 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 P2.58 trillion out of the total P2.74 trillion worth of NCAs issued by the end of July.

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