The progress made by the national government in consolidating its fiscal position between 2002 and 2006 proved unsustainable as its revenue effort started to go down once again in 2007 after a brief improvement in 2005-2007. With the more expansionary stance taken by the government in 2009 as...

The Philippines` recent economic performance has been remarkable amid the lingering slowdown in the global economy and the devastation brought about by recent natural disasters. The economy grew by 7.2 percent in 2013, substantially higher than its 6.8 percent growth in 2012. With GDP growth...

This study presents an evaluation of the National Expenditure Program for 2013. First, this paper projects that the fiscal targets set out in the Budget of Expenditures and Sources of Financing (BESF) for 2013 are likely to be met. Specifically, fiscal deficit is projected to be PHP 9.6 billion...

The paper traces the roots of the present fiscal problem and concludes that it is largely attributable to the deterioration of the national government’s revenue effort. On the other hand, because the government relied heavily on across-the-board budget cuts in order to maintain some semblance...

This paper reviews the changing legal framework that governs the local taxation. This also examines the trends and patterns of local government income. Estimates of local source buoyancy, collection rate and tax intensity for 1981-1993 are also provided. In addition, it also determines the...

With the excessive labor supply and the persistence of urban-rural migration, the development of nonfarm enterprises is imperative from the government. This paper develops an analytical framework to determine the impact of macroeconomic policies on rural nonfarm enterprises (RNEs). It also...

The President’s Budget for 2004 is the administration’s last prior to the forthcoming presidential elections in May 2004. Thus, it is but timely to assess not only the proposed 2004 budget itself but also the present administration’s fiscal performance in the last three years. The...

The Philippines has not been immune to the worldwide trend towards the creation of semi-autonomous revenue authorities. To date, three bills are pending at the House of Representatives seeking to establish a semi-autonomous internal revenue administration to replace the Bureau of Internal...

This study presents an evaluation of the President’s Budget for 2003. First, it shows that the fiscal targets set out in the administration’s Budget of Expenditures and Sources of Financing (BESF) for 2003 are not likely to be met. In particular, the fiscal deficit target of P130 billion (or...