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NG spending improves; budget utilization at 99%

GOVERNMENT agencies ramped up spending in 2024, driving the overall budget utilization rate up from a year earlier, data from the Department of Budget and Management (DBM) showed. Based on the ...
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Budget utilization rate hits 94.5% in November

THE cash utilization rate of government agencies hit 94.5% at the end of November, the Department of Budget and Management (DBM) said. In a report released Dec. 19, the DBM said the National ...