Evidences from the recent Philippine fiscal position indicate severe constraint in the government’s option to support economic recovery, sustainable growth and poverty alleviation. This has left the government no alternative but to subsume to the IMF auspices. From 1986 to 1996, indicators of...

The government budget may be viewed as the financial mirror of society's economic and social choices, but does the budget contribute to the attainment of the overall objectives of economic policy, namely, growth, equity and stability? For government to be able to function and fulfill its role,...

Via regression analysis, this study is able to establish factors that impinge on per capita social sector expenditures. In addition, 32 out of the 62 provincial governments have allocated less on social sectors than what is needed to maintain their 1991 expenditure level in real terms....

While taxation is by far the most well researched area on public finance, there has been a dearth of studies conducted in the government expenditure, budget process and public debt arena. Moreover, the volume of studies conducted are heavily concentrated on the 1960s and on the 1970s, interest...

Twelve years into the implementation of the Local Government Code of 1991, it is but opportune to assess how the key features of this landmark legislation has contributed to (or detracted from) achieving the balance between local autonomy and accountability. The literature on fiscal...

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...

In line with the commitment of the Philippine government to adopt the Millennium Declaration, there have been efforts geared toward the achievement of the millennium development goals (MDGs) particularly the specific targets set for each of the eight MDGs. The MDGs include eradication of extreme...

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...

Assessment of trade reforms in the 1990s suggests achievement of considerable progress in tariff simplification and improvement in international competitiveness. The same observation, however, cannot be claimed on reforms resulting to a uniform pattern of protection across sectors. Results from...

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 intergenerational transmission of poverty. Given this...