The Department of Finance (DOF) has requested that two government agencies, known for their inadequate spending performance, submit their catch-up strategies for the second half of the year.
During the Chat with SBED last Friday, July 28, Finance Secretary Benjamin E. Diokno said the Department of Information and Communications Technology and the Department of Transportation have the lowest spending efficiency.
Diokno's disclosure follows the release of a report by the Bureau of the Treasury, which revealed that the Marcos administration spent less than originally intended from January to June, leading to a reduced budget deficit. However, Diokno remains positive about the DICT and DOTr's ability to recover from their underwhelming spending performance, despite the inclement weather during the second semester of the year.
Based on the Treasury report, the government’s fiscal deficit was P551.7 billion in the first semester, significantly lower than the set ceiling of P771.5 billion.
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