Aquino showcases DAP benefits

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Monday, July 28, 2014

MANILA -- President Benigno Aquino III recited before members of Congress on Monday the benefits of the controversial Disbursement Acceleration Program (DAP).

Aquino said in his State of the Nation Address (Sona) that the DAP infused P1.6 billion for the training-for-work scholarship program of the Technical Education and Skills Development Authority (Tesda), which benefited 223,615 individuals. Of this number, 66 percent representing 146,731 graduates landed jobs.

"This is good governance: The right intentions, practices, and results. Everyone wins," he said. "We worked hard to accumulate the funds government has today, which is why we will not tolerate wasting it."

The SC recently declared unconstitutional key parts of DAP for implementing projects not authorized by Congress and for transferring funds outside the Executive department. The decision is still on appeal.

Aquino also allayed fears of worsening poverty under his four-year watch, saying the conditional cash transfer program for the poorest of the poor reduced the poverty incidence to 24.9 percent in the first quarter of last year from 27.9 percent in the same period in 2012.

He said the economy is on the upswing, backed by credit rating upgrades, favorable assessment from international aviation experts and larger spending on infrastructure.

"Our economy and our country are indeed taking off, and we are already realizing even greater aspirations," he said. (Sunnex)

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