Budget utilization hits 91.3% at end of April

GOVERNMENT AGENCIES posted a budget utilization rate of 91.3% in April, running behind the 92% year-earlier pace, the Department of Budget and Management (DBM) said. According to the Notice of Cash Allocations (NCAs) Utilization Report, the DBM said that the National Government, local governments, and state-owned companies used P1.63 trillion out of the P1.78 trillion […]