This paper discusses the policy regime that defines the revenue structure of the different levels of government during the period 1976-1991. It also analyzes the patterns of revenues and finances and the fiscal responsibilities assigned to LGUs. Several issues and prospects on fiscal federalism...

In response to the 1983-1985 economic crisis, the Philippine government has assigned a major role to fiscal policy given its contribution to the said disaster. This paper reviews the conduct of Philippine fiscal policy in 1986-1988. It examines how the policy actions undertaken fit into the...

This paper provides a broad historical perspective against which to assess the 1989 program of government expenditures. Specifically, it reviews and quantitatively evaluates the revenue target and implied fiscal deficit figures, sectoral distribution of government expenditures and other budget...

The manner by which the government has chosen to finance the fiscal deficit in the given period and the economic consequences of financing of government expenditures are discussed in this paper. It documents the size of the government deficit from 1975-1984 through the presentation of a...

Given the need to review the investment incentives of the ASEAN countries, this paper quantifies the impact of the investment incentives on the profitability of prospective projects. Specifically, it quantifies the effect of the incentive provisions of the different countries on the internal...

Tax revenue forecasting is an essential input in the budgetary process. The ability to project and forecast future tax collections is an important element in the identification of future budgetary gaps and in the planning of new tax measures that may be needed to meet these needs. In addition,...

The purpose of this paper is to review and evaluate the existing works on tax revenue forecasting in the Philippines. The review is intended to provide insights on the particular problems involved in the formulation and estimation of a revenue-forecasting model and thus, set the stage for the...

While taxation is by far the most well researched area on public finance, there has been a dearth of studies conducted in the government expenditure, budget process and public debt arena. Moreover, the volume of studies conducted are heavily concentrated on the 1960s and on the 1970s, interest...

Focusing on the structural fiscal policy adjustments specifically in the field of tax and expenditure policy, this paper reviews the recent experience of the ASEAN countries in the area of fiscal policy reform and collects the major lessons that emerge from such endeavor. It reviews variations...

The current Philippine economic crisis has led to a series of policies designed for short-run stabilization as well as long run structural adjustment. Currently, the policymakers’ major concern is the achievement of external balance while maintaining price stability through changes in...