Jul 1, 2014
By Manuel Mogato MANILA (Reuters) - The Philippine Supreme Court threw out as unconstitutional a fund overseen by President Benigno Aquino to stimulate the economy, dealing a setback to his bid to portray himself as a champion of the fight against corruption. In 2011, Aquino introduced his Disbursesment Acceleration Program (DAP), devised as a means to boost government spending. Theodore Te, a spokesman for the Supreme Court, said certain "acts and practices" under the president's DAP were illegal and unconstitutional. Te said the government had violated the constitution by allowing practices like cross-border transfers of government savings to increase funds available to other offices. Source: Reuters