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- W2287280070 abstract "The Philippine fiscal picture shows an economy that has not yet achieved sustainable long-term fiscal balance. It had taken major steps in this direction from 1990 to 1996. However, since the Asian Crisis, the picture has deteriorated. The tax ratio has declined, the fiscal balance has turned to negative and has widened, and the public debt reached a level that is not sustainable given reasonable forecasts of inflation, interest rates and the real economic growth rate. To return to a sustainable fiscal situation, the government may have to implement some difficult policies and programs." @default.
- W2287280070 created "2016-06-24" @default.
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- W2287280070 date "2010-08-26" @default.
- W2287280070 modified "2023-09-23" @default.
- W2287280070 title "(DP 2001-10) Recent Fiscal Development in the Philippines" @default.
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