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On December 23, 2022, a legislation approves the allocation of P10B funds to support the operations of a National Government Agency (NGA) for the whole

On December 23, 2022, a legislation approves the allocation of P10B funds to support the operations of a National Government Agency (NGA) for the whole CY 2023. At the start of 1st quarter of CY 2023, NGA receives authorization to incur obligations for a maximum amount of P2.4B for the said quarter and Notice of Cash Allocation amounting to P2.2B. At the end of the 1st quarter, total obligations incurred amounted to P2B while total disbursements amounted to P1.7B. Compute for the amount of unobligated allotment for the 1st Quarter of CY 2023

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