Aquino rejects Abad’s resignation

MANILA (3rd Update) — President Benigno Aquino III said Friday that Budget Secretary Florencio Abad submitted his resignation on Thursday but he rejected it.

The resignation stemmed from the Supreme Court (SC) ruling that declared parts of Disbursement Acceleration Program (DAP) as unconstitutional.

“Yesterday (Thursday) 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 Chief Executive said in a short message during the 2015 budget presentation at the Aguinaldo State Dining Room in Malacañang. Read more