Top Philippine court deals blow to president, throws out fund


  • World
  • Tuesday, 01 Jul 2014

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 Disbursement Acceleration Program (DAP), devised as a means to boost government spending. His critics derided it as a tool to control Congress by buying the loyalty of its members.

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