Capital outlays underutilized by ₱316.9 billion or 34.4% of final budget
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: PerformanceThe agency spent only about two-thirds of the money it had set aside for buildings, roads, and other capital projects, leaving roughly ₱317 billion unspent. This means many planned projects may have been delayed or not carried out at all.
Why It Matters
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Original Audit Finding Excerpt
"Capital Outlays 874,608,971,000.00 920,353,249,260.00 603,440,332,843.67 316,912,916,416.33"