The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA).
The Department of Budget and Management signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation .
Pangandaman said the agreement with the two state-owned lenders and PVB on online release of the NCAs is proof of the government’s continued thrust toward achieving bureaucratic efficiency. The digital release system will also reduce costs for security paper, printing, supplies, and transportation expenses for physical claiming of documents by agency representatives, the budget chief said.
Budget Undersecretary Maria Francesca del Rosario said the institutionalization of the online release will promote greater transparency and efficiency as it eliminates unnecessary steps and paper wastage in physically signing, routing, and photocopying.
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