President Benigno S. Aquino III presides over the Budget Presentatrion meeting among his cabinet secretaries Friday, July 11, 2014 at the Aguinaldo State Dining Room in Malacanang. 2015 Budget Presentation
Before the start of the meeting the President announced his rejection of the resignation of Budget Secretary Florencio “Butch Abad amid the brewing controversy over the DAP
Yesterday, Secretary Abad gave me a letter tendering his resignation from the Cabinet and I have considered the same, and I have decided not to accept his resignation, and let me explain why. The notion in the current atmosphere is DAP [the Disbursement Acceleration Program] was bad for our people. Even our most vociferous critics grant that DAP has benefited our people. To accept his resignation is to assign to him a wrong, and I cannot accept the notion that doing right by our people is a wrong. Therefore I have decided not to accept his resignation, and I think the whole Cabinet should be made aware of this.
After 6 hours of grilling, President Benigno Aquino III directed his cabinet officials to fine tune the proposed 2015 national budget. Follow story to: Aquino administration eyes higher budget for 2015