graduate level paper-ppt

7/31/2019 Graduate Level Paper-Ppt

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Graduate Level Paper: MBA

259 Fiscal Policy

By: Jon Celso K. Apuyan, CPA


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Wrap-up the knowledge and insights gained

The fiscal policy:

which is the process of the government to balance the revenue overcost of a countrys operation thru economic growth;

it is a plan of a state in economic way to meet its objectives such as,price stability, minimizing inflation, employment and economic growthin relation to taxation and gross national product.

A criticism according to the fiscal policy employed by each presidentwho putted into power to govern Philippines starting to PresidentMarcos up to the present if the countrys truly or really benefitedgrowth or suffered deficit under their respective term.

The FISCAL POLICY IN THE WELFARE STATES- ECONOMICunder the report of Mrs. RENEE E. COPE; cited The Organization forEconomic Co-operation and Development its purposes. She givesinsight of the World Bank which provides financial and technicalassistance to emerging market countries.


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Continuation:

The FISCAL POLICY & GOVERNMENT DEFICIT SPENDING OFDEVELOPING COUNTRIES under the report of Mrs. Sonia

Bandola, she differentiate developing country from newlyindustrialized country. She define also the deficit spending thatoccurs when a government, business, or individuals spendingexceeds its revenue that result to bankruptcy and poverty.

The FISCAL POLICY & THE COUNTRYS STRUCTURALCHANGE reported by Mrs. Gay Inzon which structural refers to a

longterm widespread change of the fundamental structure, ratherthan microscale or short-term output and employment. The mainhighlight of her report is the fiscal structure from the old constitutionunder Marcos cronies which defines the root cause of the neverending debt of the nation and the Aquinos administration after thepeople power revolution that converts the dictatorship to republicanrealm.

DEBT MANAGEMENT FROM A MACRO PERSPECTIVEreported by Mrs. Mary Dagting It is the wise budgetary concept tobalance the payment of currently maturing obligation of the countrybetween the government expenditure of its operation and to standstill to support its citizens with having a scars resource.


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The impact of this subject to my personality inrelation to my work and personal life

This subject reshape my own personality, it changes me intoa more mature human being under an economic way with aperception to help the growth of economy of my own nationbefore others.

With the help of this subject my eyes was opened on thecurrent events happening in our economy which leads me tobecome a solution maker rather than an additional burden inour government needed to be supported and train to knowthose facts.

I am not an economist in profession, but as accountant I havea little knowledge about the details, as the contribution of thissubject into my profession a gained sufficient idea that canenhance the practice of my profession.


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My suggestion of fiscal policy of the currentadministration in regards to financial &

economic condition of our countryThe government must have an effective system of earningrevenue to compensate those debt and to support theoperation of the state like organizing a profit generatingactivities.

Encourage foreign investor to invest in our local market.

Establish our own manufacturing enterprises to increase thegross national product of our country.

Higher the taxes but not too much that may lead to chaosbecause taxation has the ability to create and has the abilityto destroy.

Open a program to guide and train individuals to put their

own businesses to higher the collection of taxes.


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Current Fiscal Policy and Monetary Policiesof our country.

Fixed capital formation, especially equipment, boosted GDPgrowth to astounding rates of 7.8% y/y and 7.9% y/y in Q1and Q2 2010, respectively.

Tax effort, defined as taxes as percent of GDP, is the mostrobust determinant of fiscal deficits, with higher tax effort

associated with larger fiscal surplus or lower deficit.Private consumption will remain the main driver of theeconomy, underpinned by robust remittances, a firmer labormarket, and stronger consumer confidence. Spending aheadof the presidential and local elections in May will also boost

consumption in the first half of 2010.Exports will grow in line with the global recovery. While thetrade deficit will persist, higher remittances and businessprocess outsourcing income will swing the current accountinto surplus.


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Recommendations and personal criticism

The government must attained a full employment by:

a wide investment opportunity by opening a smallmedium enterprises.

organizing a tourism area for each municipality as awhole.

investing in social sectors and infrastructure.

Reversing the structural erosion of the tax base andreducing the size of the government deficit to increasebudgetary resources for development expenditure willrequire renewed efforts at tax reforms by the newadministration.

A rationalization of fiscal and investment incentives, aswell as the indexing of excise taxes to inflation as part ofthe measures needed to strengthen its fiscal situation.

Stop political war but rather solve financial crisis sufferedby each Filipino citizen.

graduate level paper-ppt

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