The government agencies’ cash utilization rate stood at 99 percent in the first half of the year, the Department of Budget and Management (DBM) said on Friday.
The DBM said that national agencies and local governments, as well as state-owned corporations were able to use P2.23 trillion out of P2.25 trillion worth of notices of cash allocations (NCAs) issued as of the end of June.
To compare, this was a notch higher from 98 percent utilization rate in the same period last year when government agencies used P2.01 trillion out of P2.05 trillion NCAs issued.
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