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Philippine President Defends Economic Stimulus Program

Philippine President Benigno Aquino is defending an economic stimulus program amid calls for his impeachment as well as the resignation of his budget secretary.  President Aquino said the so-called Disbursement Acceleration Program was meant to give the economy an immediate boost.  The idea behind the funding mechanism is to take unspent money from government agencies and immediately inject it into public projects to speed up their completion. Aquino said his administration...

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