Malou Mangahas: Across a 26-month period from October 2011 to - TopicsExpress

Malou Mangahas: Across a 26-month period from October 2011 to December 2013, DBM’s Abad released “DAP” monies in six tranches for projects listed in five memoranda that he asked President Benigno S. Aquino III to sign and approve. The President did as requested, allowing Abad to release supposedly P144.3 billion in DAP funds for a supposed list of “116 projects.” But the unsolved puzzle is exactly how much in total DAP monies had been actually disbursed or released by DBM from October 2011 to December 2013. In various press statements and official documents, Abad and DBM had put the total DAP fund releases during the period variably at P136.75 billion, P144.38 billion, and P149.25 billion — for a significant variance of up to P13 billion.

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