By Justine Irish D. Tabile, Senior Reporter
Government agencies recorded a budget utilization rate of 42.2% in January, down from 78% a year earlier, the Department of Budget and Management (DBM) said.
In a Notice of Cash Allocations (NCAs) Utilization report, the Budget department said agencies used a total of P136.29 billion during the month out of the P322.67 billion worth of NCAs released during that period.
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