DA achieves 97% budget utilization for the first time in many years
Agriculture Secretary Emmanuel Piñol said the Department of Agriculture (DA), which in the past posted huge underspending in its annual budget, was recently cited by the Commission on Audit for a very high 97 percent budget utilization in 2017.
“Personally, I was very pleased with the historic high budget utilization of the DA simply meant that we were able to deliver 97 percent of the programmed services to farmers and fishermen,” Piñol said.
During the Annual Exit Conference conducted by the COA Team assigned to the DA and the agencies under it, the COA Chief Auditor also said that the cash utilization of the DA was at 62 percent.
Payments and disbursements for the year usually cross over to the following year because there are projects which would take more than one year to complete.
Piñol said the improvement in the DA’s budget utilization is the result of Quarterly and Annual Budget Utilization Review which he initiated starting last year.
“At the end of every Quarter, offices and agencies under the DA were called to a conference to report on the budget utilization performance. There was an understanding that any office which could not reach the 90 percent Budget Utilization threshold would be sanctioned,” he said.