Photo Release
July 24, 2014

DISCUSSING THE DISBURSEMENT ACCELERATION PROGRAM: Senate Committee on Finance Chair Chiz Escudero (left) talks to Department of Budget Management (DBM) Secretary Florencio Abad before the start of the hearing on the Disbursement Acceleration Program (DAP) Thursday, July 24, 2014. During the hearing Escudero asked Abad how much of the government’s available savings was used to fund the DAP, for which Abad said that the total available savings as a source of DAP funds amounted to P237,508,000 billion, while the budget for proposed projects totaled P167 billion, and released funds amounted to P144.3 billion. (PRIB Photo by Joseph Vidal)

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