Unsubscribed Capital of NHA
National Housing Authority · 2022
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: ComplianceIssue: Non-complianceThe government has not paid the full amount it committed to the NHA's capital, which may affect the agency's financial capacity.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The National Government paid and subscribed a total amount of P2.893 billion through subsidies from CYs 1976 to 2000, leaving a balance of P2.107 billion unsubscribed capital."