The non-approval of the 2019 budget bill forced the government to operate on a reenacted 2018 budget for the entire first quarter, resulting in underspending
equivalent to P80 billion to 90 billion in disbursements for the first quarter of 2019.
In fact, we are slightly overspending." The DBM said underspending
is defined as "the difference of programmed disbursements from actual disbursements.
"I'm very happy to note that Congress is going to call a hearing on what is perceived as underspending
, because we would like to inform Congress and the public that the bad old days of underspending
, which the critics faulted the government for moving too slowly in getting the projects done, are now over," said Dominguez.
"It's an illusion, too, to say that underspending
went down because we allocated less money to them.
Mr Swinney also told MSPs that money accumulated on Scotland's behalf at the Treasury from past underspending
had fallen from around pounds 950million to pounds 670million.
'The allegation by some congressmen that this administration is underspending
is totally false,' he said.
Loren Legarda, chairwoman of the Senate finance committee, expressed Tuesday hopes that the shift from obligation-based to annual cash-based appropriations starting with the proposed 2019 P3.357 trillion General Appropriations Act (GAA or national budget) would result in improved delivery of basic services to the people and address underspending
Senator Loren Legarda said she hopes that the shift from obligation-based to annual cash-based appropriations starting with the 2019 national budget will result in improved delivery of basic services to the people and address underspending
In a statement, Finance Secretary Carlos Dominguez said the government's lower-than-programmed deficit in the first trimester was not due to underspending
, but rather due to higher-than-target revenue collections.
FIRE services in Kirklees and surrounding districts have largely survived cuts in Government grants through underspending
and prudent savings, says West Yorkshire Fire & Rescue Authority.
Summary: Vice President gives President Aquino low marks for 'underspending
'; highlights his experience as local executive
The National Audit Office's (NAO) report found that the Department for Children, Schools and Families (DCSF) has built up the money after underspending
on its Building Schools for the Future programme (BSF).