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The phrase "allocation of its" is correct and usable in written English.
It can be used when discussing the distribution or assignment of resources, responsibilities, or assets belonging to a specific entity.
Example: "The allocation of its budget will determine the success of the project."
Alternatives: "distribution of its" or "assignment of its".
Exact(28)
A Google representative responded to our inquiries about the search company's involvement, stating that it was dismayed by the allocation of its contribution.
Taking as example a multipurpose dam in Greece, we wish to show that by following a rational operation policy, where the improvement of the broader environmental system becomes a high-priority target, it is possible to achieve a much more efficient allocation of its "traditional" water uses.
China closely guards any details on the currency allocation of its reserves.
The council's executive director, Barbara F. Russo, said the council would determine the exact allocation of its N.E.A. grant in July.
Nike does communicate its environmental benefits to partners and investors for whom these are important operating practices demonstrating a wise allocation of its social benefit claims.
Differences in life history strategies, which include an organism's allocation of its time and resources to reproduction and care of offspring, greatly affect population dynamics.
Similar(32)
There is always room for the news media to do better, to tweak and adjust its allocation of resources, its areas of coverage and its promotion of stories.
However, this has implications to the government resources and may necessitate government's re-allocation of its financial resources to the health sector.
But it is also a time when a campaign makes important strategic decisions, in terms of its tone and tenor, its allocation of resources, and its issue positioning — decisions that it may be stuck with, for better or for worse.
However, the further allocation of iron, its pool sizes and the fluxes within and between cells, tissues or whole organs as well as the regulating mechanisms, which orchestrate iron homeostasis, still remain elusive.
As evidence of its fair allocation of access, it points to the rising independent share of total gas production (14% last year).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com