Budget utilization hits 96.9% at end of June

WIRE — GOVERNMENT AGENCIES posted a budget utilization rate of 96.9% at the end of June, running behind the year-earlier pace of 99%, the Department of Budget and Management (DBM) said. According to its Notice of Cash Allocations (NCAs) Utilization Report, the DBM said the National Government, local governments, and government-owned companies had used P2.65 trillion of

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