DBM says gov’t agencies budget utilization reached 94% as of end-October

Transcript

00:00 The Department of Budget and Management or DBM reported government agencies' budget

00:04 utilization rate reached 94 percent from January to October this year.

00:10 3.39 trillion of the 3.6 trillion pesos worth of notices of cash allocation were released.

00:17 This means unused cash allocations amounted to 209.47 billion pesos.

00:23 The Commission on Audit Erkoa posted a 100 percent usage rate as of the end of October

00:28 while the Department of Information and Communications Technology recorded the lowest utilization

00:34 rate at 35 percent.

00:36 [MUSIC PLAYING]