About: Fiscal policy of the Philippines

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Fiscal policy are "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures". In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt, the Philippines relies on both domestic and external sources.

Attributes	Values
rdfs:label	Fiscal policy of the Philippines (en)
rdfs:comment	Fiscal policy are "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures". In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt, the Philippines relies on both domestic and external sources. (en)
foaf:depiction
dcterms:subject	Fiscal policy Economy of the Philippines
Wikipage page ID	31825254 (xsd:integer)
Wikipage revision ID	1117743780 (xsd:integer)
Link from a Wikipage to another Wikipage	Fiscal policy Privatization Department of Finance (Philippines) Joseph Estrada Debt-to-GDP ratio Indirect tax Presidency of Gloria Macapagal Arroyo Presidency of Joseph Estrada Presidency of Corazon Aquino Presidency of Fidel V. Ramos Gloria Macapagal Arroyo Local government in the Philippines Tariff Non-tax revenue Bureau of Internal Revenue (Philippines) Duty (economics) Ferdinand Marcos Fidel Ramos Global bond Economy of the Philippines Tax Philippines Australian Agency for International Development Sales tax Fiscal policy Philippine Amusement and Gaming Corporation Zero-coupon bond Value added tax
Link from a Wikipage to an external page	http://www.bir.gov.ph/home.htm http://www.customs.gov.ph/ http://www.treasury.gov.ph/ http://www.chanrobles.com/legal6nationalinternalrevenuecodeof1997.html http://www.lawphil.net/statutes/repacts/ra2005/ra_9337_2005.html http://www.dof.gov.ph/ https://web.archive.org/web/20081003100406/http:/www.nscb.gov.ph/
sameAs	Fiscal policy of the Philippines Fiscal policy of the Philippines Fiscal policy of the Philippines
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Update dbt:Use_mdy_dates dbt:Philippines_topics
thumbnail	wiki-commons:Special:FilePath/RevenueTaxEffort.png?width=300
date	September 2022 (en)
updated	2011 (xsd:integer)
has abstract	Fiscal policy are "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures". In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt, the Philippines relies on both domestic and external sources. Fiscal policy during the Marcos administration was primarily focused on indirect tax collection and on government spending on economic services and infrastructure development. The first Aquino administration inherited a large fiscal deficit from the previous administration, but managed to reduce fiscal imbalance and improve tax collection through the introduction of the 1986 Tax Reform Program and the value added tax. The Ramos administration experienced budget surpluses due to substantial gains from the massive sale of government assets and strong foreign investment iyears and administrations. The Estrada administration faced a large fiscal deficit due to the decrease in tax effort and the repayment of the Ramos administration's debt to contractors and suppliers. During the Arroyo administration, the Expanded Value Added Tax Law was enacted, national debt-to-GDP ratio peaked, and underspending on public infrastructure and other capital expenditures was observed. (en)
prov:wasDerivedFrom	wikipedia-en:Fiscal_policy_of_the_Philippines?oldid=1117743780&ns=0
page length (characters) of wiki page	26286 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Fiscal_policy_of_the_Philippines
is Link from a Wikipage to another Wikipage of	Timeline of Philippine history Outline of the Philippines Fiscal Policy of the Philippines Oblation Run CTRP Monetary policy of the Philippines
is Wikipage redirect of	Fiscal Policy of the Philippines
is foaf:primaryTopic of	wikipedia-en:Fiscal_policy_of_the_Philippines

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