Senators blamed large government agencies for holding back the country's growth by underspending, and said these departments should not be
Senators blamed large government agencies for holding back the country’s growth by underspending, and said these departments should not be given the additional funds they seek in 2024, if they have been unable to spend their budget allocations.
Gatchalian, chairman of the Senate ways and means committee, noted that the proposed P5.7 trillion budget for 2024 is 9 percent higher than the budget for the current year. Senator Jinggoy Estrada said that based on the cash operation report, the government spent below the P2.5 trillion disbursement program for the first semester.In response, Budget Secretary Amenah Pangandaman said underspendingwas caused by issues related to procurement by agencies and departments, low interest payments and various social programs that have yet to be fully implemented.
The President led the sectoral meeting in Malacañang to address underspending and determine the steps to improve agency budget utilization. Government agencies presented during the meeting their respective catch-up plans to speed up the delivery of social services.
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