NATIONAL GOVERNMENT agencies’ cash use accelerated in the middle of the second quarter, according to data from the Department of Budget and Management (DBM).
Utilization, as measured by the usage rate on Notice of Cash Allocations (NCAs), rose to 83% in May, from 67.6% in April.
However, the May utilization rate was slower than the year-earlier 88.5%.
The NCA is a quarterly disbursement authority issued by the DBM to government agencies, allowing them to withdraw funds from the Bureau of the Treasury to pay for contracted projects.
The NCA balances can be used until the end of the second quarter, when they lapse.
The Commission on Elections recorded the highest NCA utilization rate at 99%, followed by the Department of Public Works and Highways at 92%, and the Department of Energy at 90%.
The National Economic and Development Authority on the other hand had the lowest rate of 42%, followed by “other executive offices” at 53%, and the Department of Agriculture at 55%.
For other allotments, 89% of NCAs released for government-owned and -controlled corporations were used, little changed from 88% in April.
NCA usage by local government units meanwhile grew to 88% from 74%. — Elijah Joseph C. Tubayan

RELATED ARTICLESMORE FROM AUTHOR