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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...
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comfortable debt levels, and (4) estimation of fiscal reaction functions for the Philippines and developing ASEAN-5 economies to … Philippines and similar economies in the region meanwhile indicate responsible fiscal policy that guarantees fiscal solvency. This …
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