Chilling Effect

PHILIPPINES - Report 17 Jul 2014 by Romeo Bernardo and Christine Tang
It was the first question we asked Budget Secretary Florencio Abad last December[1] and it worries us now to hear President Benigno Aquino talk about the "chilling effect" of the Supreme Court decision declaring the executive's Disbursement Acceleration Program (DAP) unconstitutional.In fact the President, in urging the SC to reconsider its decision, went further saying that the decision "run the risk of putting our country's development in a state of paralysis." The two statements, referring to (a) more timid government spending as projects and transactions come under increased scrutiny es...

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