16.6.1 LGU Budget Utilization Rate Improved

BAGUIO DATA SOURCE: City Budget Office (CBO)

National Definition:
This indicator can be based on Indicator PI-2 of the Public Expenditure and Financial Accountability (PEFA) dataset: composition of expenditure outturn compared to original approved budget, considers (i) the variation between approved budget and final expenditure for the year for each major function (comparable to a sector) (ii) variation in expenditure from the original budget by economic classification and (iii) the average amount charged to the contingency reserve over the last 3 years.
SOURCE: https://psa.gov.ph/sdg/Philippines/metadata

COMPUTATION:
Utilization Rate: Obligation / Appropriation *100