PRESIDENT Benigno Aquino III approved the pooling of P150.6 billion in “savings” from the national budget to the Disbursement Acceleration Program to augment his own discretionary funds, Palace documents signed by the President and submitted to the Supreme Court show. The documents showed that in 2011 alone, the President impounded P72.11 billion from the General Appropriations Act and diverted these amounts to fund various pork barrel projects of President Aquino, congressmen, senators and local officials. The Palace also renamed what Commission on Audit chairman Grace Pulido-Tan described as the “kahindik-hindik” VILP or “various infrastructure local projects” to “various other local projects” or VOLP in documents submitted to the Supreme Court as well as its sanitized list of 116 DAP projects.
Posted on: Mon, 21 Jul 2014 05:13:04 +0000
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