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- Fiscal_policy_of_the_Philippines abstract "Fiscal policy refers to the \"measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals.\" In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there have been improvements in the last few years.The Philippine government’s main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt, the Philippines relies on both domestic and external sources.Fiscal policy during the Marcos administration was primarily focused on indirect tax collection and on government spending on economic services and infrastructure development. The first Aquino administration inherited a large fiscal deficit from the previous administration, but managed to reduce fiscal imbalance and improve tax collection through the introduction of the 1986 Tax Reform Program and the value added tax. The Ramos administration experienced budget surpluses due to substantial gains from the massive sale of government assets and strong foreign investment in its early years. However, the implementation of the 1997 Comprehensive Tax Reform Program and the onset of the Asian financial crisis resulted to a deteriorating fiscal position in the succeeding years and administrations. The Estrada administration faced a large fiscal deficit due to the decrease in tax effort and the repayment of the Ramos administration’s debt to contractors and suppliers. During the Arroyo administration, the Expanded Value Added Tax Law was enacted, national debt-to-GDP ratio peaked, and underspending on public infrastructure and other capital expenditures was observed.".
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- Fiscal_policy_of_the_Philippines wikiPageExternalLink www.nscb.gov.ph.
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- Fiscal_policy_of_the_Philippines wikiPageWikiLink 1997_Asian_financial_crisis.
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- Fiscal_policy_of_the_Philippines wikiPageWikiLink Bureau_of_Internal_Revenue_(Philippines).
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Category:Economy_of_the_Philippines.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Category:Fiscal_policy.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Corazon_Aquino.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Department_of_Finance_(Philippines).
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- Fiscal_policy_of_the_Philippines wikiPageWikiLink Ferdinand_Marcos.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Fidel_V._Ramos.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Fiscal_policy.
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- Fiscal_policy_of_the_Philippines wikiPageWikiLink Gloria_Macapagal_Arroyo.
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- Fiscal_policy_of_the_Philippines wikiPageWikiLink Presidency_of_Corazon_Aquino.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Presidency_of_Fidel_V._Ramos.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Presidency_of_Gloria_Macapagal-Arroyo.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Presidency_of_Joseph_Estrada.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink Privatization.
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- Fiscal_policy_of_the_Philippines wikiPageWikiLink Value-added_tax.
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- Fiscal_policy_of_the_Philippines wikiPageWikiLink Zero-coupon_bond.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink File:Financing-ExternalDomestic.png.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink File:FiscalBalance.png.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink File:RevenueTaxEffort.png.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink File:SourcesofRevenues.png.
- Fiscal_policy_of_the_Philippines wikiPageWikiLink File:TotalDebt.png.
- Fiscal_policy_of_the_Philippines wikiPageWikiLinkText "EVAT".
- Fiscal_policy_of_the_Philippines wikiPageWikiLinkText "Fiscal policy of the Philippines".
- Fiscal_policy_of_the_Philippines wikiPageUsesTemplate Template:Philippines_topics.
- Fiscal_policy_of_the_Philippines wikiPageUsesTemplate Template:Reflist.
- Fiscal_policy_of_the_Philippines subject Category:Economy_of_the_Philippines.
- Fiscal_policy_of_the_Philippines subject Category:Fiscal_policy.
- Fiscal_policy_of_the_Philippines type Economy.
- Fiscal_policy_of_the_Philippines type Redirect.
- Fiscal_policy_of_the_Philippines comment "Fiscal policy refers to the \"measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures.".
- Fiscal_policy_of_the_Philippines label "Fiscal policy of the Philippines".
- Fiscal_policy_of_the_Philippines sameAs Q5454396.
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