Bam Aquino backs special audit of DAP.
Senator Paolo "Bam" Aquino IV on Thursday supported calls for the Commission on Audit (COA) to conduct a special audit of the Disbursement Acceleration Program (DAP).
"A special audit is needed so that doubts regarding DAP's use will be put to rest," Aquino said during the hearing of the Senate finance committee on the DAP.
"If somebody irregularly gained from it, then he or she should be prosecuted," Aquino said.
Aquino also stressed that DAP should not be associated with the controversial Priority Development Assistance Fund (PDAF) which was scrapped after the P10-billion scam was uncovered last year.
"The DAP helped boost the economy through projects that benefited the Filipino people while P10 billion from PDAF went to ghost non-government organizations and pockets of several politicians," Aquino said.
Budget Secretary Florencio "Butch" Abad appeared at the Senate hearing and defended the DAP before members of the Senate Finance panel wherein he explained that the Executive branch, during the third quarter of 2011, decided to use idle funds to spur the country's economic growth.
"After careful consideration, we thought it best to use funds that had lain dormant in various places--such as in agencies where the DBM's releases were not used--and to use the money for fast-moving projects that would have an immediate effect on the country's economic health and the well-being of Filipinos," Abad said.
During the hearing, Abad assured all documents related to the DAP would be posted on the agency's website "for transparency and accountability."