Significant underspending in capital outlay
National Housing Authority · 2022
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What Happened?
Category: Financial ManagementIssue: Underutilization of FundsThe agency spent much less than planned on capital projects, leaving a large portion of the budget unused.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"NATIONAL HOUSING AUTHORITY STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS For the Year Ended December 31, 2022 (In Philippine Peso) Budgeted amounts Actual amounts on comparable basis Difference (final budget and actual) Original Final Difference REVENUE Service and business income 5658855000 5658855000 0 4511761308 -1147093692 Assistance and subsidy 43090431000 43090431000 0 17124934585 -25965496415 48749286000 48749286000 0 21636695893 -27112590107 EXPENDITURES Personnel services 2089845000 2089845000 0 1711643678 378201322 Maintenance and other operating expenses 1615772000 1439624000 176148000 9"