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...

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...

This short note provides a framework for looking at public sector governance and productivity improvements. It argues that the role of government in enhancing productivity growth is two-fold. First, government should provide an environment that is conducive in improving total factor productivity...

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...

This paper aims to provide country inputs to the joint study on ASEAN-US Relations whose main objective is to identify policy reforms and actions producing mutual benefits for ASEAN and the US in the area of trade in goods, services and investment. It discusses the trends and policies of trade...

The last decade has witnessed a very active government expenditure program in the Philippines. Although the country’s national government expenditures as a proportion of GNP have been lower compared to other Asian countries, it has been high relative to available budgetary resources. This...

Government education spending is expected to improve the well-being of beneficiaries and enhance their capability to earn income in the future. In this sense, directing education expenditures to the poor holds a promise for breaking the inter-generational transmission of poverty. Given this...

Recognizing that the lack of financial resources to support the provision of basic services and to fund local development plans is a critical concern at the local level to attain improvements in key human development outcomes, the paper discusses the different sources of LGU revenues, both...