fiscal targets set out in the Budget of Expenditures and Sources of Financing (BESF) for 2013 are likely to be met … that the BOC collections and nontax revenues will be just equal to the 2011 and 2012 levels. Additional revenues is thus … sourced from the BIR collections, which is estimated to reach PHP 1.26 trillion in 2013, exceeding the President's Budget …

expenditures. Preliminary results show that revenues and expenditures do not have a long-run relationship and hence a rejection of … expenditures in order to place emphasis on the structural component. We argue that the structural component of fiscal variables … represents the actual long term behaviour of the policymaker. Further results indicate that structural revenues and expenditures …

expenditures. Preliminary results show that revenues and expenditures do not have a long-run relationship and hence a rejection of … expenditures in order to place emphasis on the structural component. We argue that the structural component of fiscal variables … represents the actual long term behaviour of the policymaker. Further results indicate that structural revenues and expenditures …

The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt …