Low Disbursement Rate and Underutilized Funds
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: DeficiencyThe agency committed to spending most of its budget but actually paid out a much smaller share in time. Many projects were delayed, and a large amount of money remained unused or not yet paid.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Even though the DPWH has an 88.06 percent obligation-over-allocation rate, it has sustained a relatively low disbursement-over-obligation rate in CY 2024. The unutilized allotments and undisbursed funds were due to a combination of internal management issues, contractor -related dela ys, and other contributing factors , to wit:"