http://newsinfo.inquirer.net/622957/butch-abad-senators-knew-about-dap-oct-2011#ixzz38Pdvk3Jt
MANILA, Philippines — Senators knew about the Disbursement Acceleration Program (DAP) as early as October 2011, Budget Secretary Florencio “Butch” Abad told a Senate hearing on Thursday.
Facing the hearing of the Senate committee on finance, Abad reminded that they had presented the DAP before the same body.
“The DAP was an urgent response to an urgent problem where low government expenditures pose a significant threat to the country’s economic development,” Abad said.
“As the honorable senators must recall, we presented DAP to the Senate finance committee in October 2011 as a viable solution for accelerating government expenditures.”
“We knew that this could be done. After all, the generation and use of savings of which DAP is an example is not a new practice,” he said.
Abad also said the practice of “cross-border” transfers of savings “were not uncommon.”
“Historically speaking, crossborder transfers of savings from one branch of government to another or to fiscally autonmous agencies were not uncommon,” he said.
Over the last 22 years, he said, savings have been used “to augment the budgets of Congress, the judiciary and other constitutional bodies independent from all three branches of government.”
“Not only has it been done before, we knew that we could implement DAP because the law permitted it,” he added.
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