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The distributional impacts of fiscal policies are instrumental in reducing inequality in countries like the Philippines … Philippines are by deriving the elasticities of Atkinson and Sen's social welfare functions and introducing a welfare reform index … finds that while direct taxes like personal income tax are overall progressive in the Philippines, they only generate little …
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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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The paper highlights the importance of the design of the fiscal features of the federal system of government in ensuring that potential benefits from its adoption are realized. This economic literature on fiscal federalism posits a framework that delineates the potential benefits ensuing from...
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