154.0 billion to small farmers which was 23% higher than the disbursement
of Rs 124.8 billion during same period last year.
The government achieved the target of agriculture credit outreach by 91pc, as the disbursement
target for FY19 included facilitation of 4.42 million farmers.
Five islamic banks as a group achieved 78.8pc of their annual target of Rs50bn by disbursing Rs39.4bn which is Rs23bn higher than disbursements
made during the corresponding period last year.
The European Union said it has approved on June 24 e1/4150 million disbursement
in Macro-Financial Assistance to Tunisia.
READ:Reenacted budget saps economic growth in Q1 "In the first quarter of 2019, actual government disbursements
amounted to P778 billion, barely rising from the 772 billion pesos in 2018," Dominguez said.
'Total infrastructure disbursements
would have to reach P1 trillion, equivalent to 5.2 percent of GDP, with the national government accounting for P808.7 billion of targeted infrastructure spending,' he added.
A breakdown of the disbursements
showed that the Federal Government received N803.18billion in the first quarters of this year, saying this was 1.18% lower than the N812.8 billion the Federal Government received in the same period in 2018 and 46.2% higher than the N549.1 billion disbursed in the corresponding quarters of 2017.
In a statement, the pension fund for the private sector said that more than 326,000 female members were assisted last year with maternity benefit and its total disbursements
amounted to P7.07 billion, up 15.6 percent compared with P6.11 billion in the previous year.
'This reverses 12 straight years of underspending where actual disbursements
of the national government fell short of the program,' he added.
Institution-wise agriculture credit disbursements
are given in Table.
were equal to only 23% of the original annual estimate of the finance ministry.