‘DAP ruling to paralyze Philippines’

PRESIDENT Benigno Aquino 3rd continued attacking the Supreme Court (SC) on Tuesday, saying the tribunal’s ruling against the Disbursement Acceleration Program (DAP) will “paralyze” the country and “reverse economic progress.”

“In the short-term, the decision will have the effect of once again slowing down government spending. In the long-term, it removes our flexibility to act effectively in response to changing market conditions, and seize, or even create opportunities in doing so. It condemns us to a spiral of inefficiency, uncertainty and lack of confidence,” Aquino said during a dialogue with officials of the World Bank and businessmen in Malacañang.