Fiscal Reform Agenda: Getting Ready for the Bumpy Ride Ahead

Given the present crisis proportion of the Philippines' fiscal position, this Policy Notes outlines the major areas of reform that need to be acted upon immediately if the country is to overcome this problem. The suggested reforms focus on tax policy and tax administration on the revenue side; public expenditure management measures on the expenditure side; and specific GOCC reforms. See more...fiscal deficit, tax effort, public expenditure management, GOCC reform, consolidated public sector