Ombudsman Indicts Former Budget Chief over DAP Issue

The Ombudsman (Philippine anti graft prosecutor) has indicted former Budget Secretary Florencio Abad after finding probable cause for usurpation of legislative powers over the implementation of the Disbursement Acceleration Program (DAP). The controversial program that was earlier declared unconstitutional by the Supreme Court was used by the Aquino administration to ramp up spending and stimulate the economy. The Ombudsman also fined Abad three months worth of salary for simple misconduct, after…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.