issues and problems in fiscal policy and development
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Issues and Problemsin Fiscal Policy and Development
PA 231Rosalie A. Molina
According to Case & Fair, 2011
Fiscal Policy refers to the government’s decisions about how much to tax and spend.
Overview of the Country’s Fiscal PolicyMarcos administration was primary 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.
Overview of the Country’s Fiscal PolicyThe Ramos administration experienced budget
surpluses due to substantial gains from the massive sale of government assets and strong foreign investment in the early years.
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 expenditure was observed.
Overview of the Country’s Fiscal Policy
Pnoy Aquino administration faced fiscal deficit yet managed to raise up the country’s GDP.
CURRENTISSUES AND PROBLEMS
CURRENT ISSUES AND PROBLEM
BUDGET DEFICIT
CURRENT ISSUES AND PROBLEM
INEFFICIENCYIN
BUDGETALLOCATION
CURRENT ISSUES AND PROBLEM
TAX COLLECTION
CURRENT ISSUES AND PROBLEM
PORK BARREL
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