The 2011 and 2012 fiscal program appears to score high in terms of contributing to the speed of fiscal consolidation despite limited gains in revenue generation. This came about largely because of fairly serious underspending during the first nine months of 2011. The slow utilization of spending...

This study presents a four-part evaluation of the President's Budget (PB) for 2002. First, it shows that the speed of fiscal consolidation that is envisioned in the President's Budget for 2002 will not be achieved. In particular, the fiscal deficit targets that are set in the proposed budget...

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...

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 evaluation of...

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...