Unutilized cash allocations reverted to Bureau of the Treasury
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceOver P1.7 billion in cash allocations expired without being used and had to be given back to the national treasury, meaning the agency failed to spend money that was already made available to it.
Why It Matters
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Original Audit Finding Excerpt
"Out of the total notices of cash and transfers of allocations of P249,773,884,508.53 received by different DPWH Offices in CY 2023, P248,073,535,726.87 or 99.29 percent was utilized, while the validity of P1,700,348,781.66 or 0.71 percent already lapsed, thus, reverted to the Bureau of the Treasury."