Gatchalian highlights better DSWD’s fund utilization
MANILA: Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian has underscored the substantial improvement of the agency’s budget utilization rate. He said the DSWD’s obligation rate in July 2023 was only 39 percent, with a disbursement rate of 67 percent. ‘We did a comprehensive housekeeping by conducting a thorough review of our processes and implemented significant improvements. We are pleased to report that the DSWD has made substantial progress in financial management,’ he told the House Committee on Appropriations’ deliberation on Aug. 21. “This year, the DSWD significantly surpassed this performance with an obligation rate of almost 51