Low Disbursement and Expired Allotments for Marawi Rehabilitation Projects
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Performance IssueFunds meant for rebuilding Marawi were not used quickly enough. More than 27 million pesos expired and had to be returned to the government's main treasury, and almost 239 million pesos that were committed to projects still had not been paid out by the end of the year.
Why It Matters
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Original Audit Finding Excerpt
"Of the total extended allotments of P279,978,437.92 received by the DPWH for the implementation of two Foreign-Assisted Projects intended for the rehabilitation of Marawi and its surrounding areas for CY 2024, P252,296,857.21 or 90.11 percent was obligated, leaving an unobligated balance of P27,681,580.71. Whilst, P13,338,451.79 or 5.29 percent of the obligated allotments were disbursed resulting in an undisbursed amount of P238,958,405.42 as at year-end."