Philippine Public Finance

Philippine Public Finance PDF Author: Eduardo Z. Romualdez
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 638

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Book Description
This book aims to contribute to a better understanding of public finance in a Philippine setting. It attempts to present a comprehensive treatment of public finance literatures which will be of help to those who are interested to know the working of government finance in a developing Asian country.

Philippine Public Finance

Philippine Public Finance PDF Author: Eduardo Z. Romualdez
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 638

Get Book Here

Book Description
This book aims to contribute to a better understanding of public finance in a Philippine setting. It attempts to present a comprehensive treatment of public finance literatures which will be of help to those who are interested to know the working of government finance in a developing Asian country.

Philippine Public Finance in Recent History

Philippine Public Finance in Recent History PDF Author: Gerardo P. Sicat
Publisher:
ISBN:
Category : Expenditures, Public
Languages : en
Pages : 34

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Book Description


Decentralization Policies in Asian Development

Decentralization Policies in Asian Development PDF Author: Shinichi Ichimura
Publisher: World Scientific
ISBN: 9812818642
Category : Political Science
Languages : en
Pages : 441

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Book Description
This book explores the important topic of fiscal decentralization in Asian countries, and focuses on how government finance and administration are being reformed to bring budgetary decisions closer to voters. The focus on Asia is especially important because all countries in this region have been undergoing serious fiscal reforms in the past decade. They include one of the biggest decentralization reforms in Indonesia, significant reforms in democratic Philippines and Vietnam which are in transition, and Japan, whose fiscal reconstruction program is covered extensively. India and China, which are also covered, are very special cases because of their size and because their policies must fit decentralization into a significant economic growth scenario.

Governance, Corruption, and Public Financial Management

Governance, Corruption, and Public Financial Management PDF Author: Salvatore Schiavo-Campo
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 262

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Book Description
This book is an assembly of the major papers presented during the Seminar on Public Financial Management and Accountability, and the World Conference on Governance held in Manila in April and June 1999. The papers cover the fundamentals of public financial management and the role of transparency and accountability in promoting aggregate fiscal discipline, the strategic allocation of budgetary resources, and the efficiency in the delivery of public services.

Philippines

Philippines PDF Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 151350116X
Category : Business & Economics
Languages : en
Pages : 87

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Book Description
This paper discusses the findings of Fiscal Transparency Evaluation on Philippines. Improving fiscal transparency has been a priority in the Philippines over recent years. The government’s public financial management reform strategy has helped initiate a wide variety of reforms, which are beginning to bear fruit. Fiscal reporting is relatively comprehensive, frequent, and timely, with many areas of good and advanced practices. Fiscal risk analysis and management is relatively strong in the Philippines compared with other countries. However, improvements are needed in a few areas, especially to capture of risks from guarantees and public–private partnership, assess the scope of tax expenditures, and introduce a longer-term perspective in the fiscal sustainability analysis.

Philippine Public Fiscal Administration

Philippine Public Fiscal Administration PDF Author: Leonor Magtolis- Briones
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 402

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Book Description


Philippines

Philippines PDF Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1513506366
Category : Business & Economics
Languages : en
Pages : 87

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Book Description
This paper discusses the findings of Fiscal Transparency Evaluation on Philippines. Improving fiscal transparency has been a priority in the Philippines over recent years. The government’s public financial management reform strategy has helped initiate a wide variety of reforms, which are beginning to bear fruit. Fiscal reporting is relatively comprehensive, frequent, and timely, with many areas of good and advanced practices. Fiscal risk analysis and management is relatively strong in the Philippines compared with other countries. However, improvements are needed in a few areas, especially to capture of risks from guarantees and public–private partnership, assess the scope of tax expenditures, and introduce a longer-term perspective in the fiscal sustainability analysis.

The Potential Role for Securitizing Public Sector Revenue Flows

The Potential Role for Securitizing Public Sector Revenue Flows PDF Author: Nigel Andrew Chalk
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
Since the mid-1980s, the securitization of future flow receivables has grown in importance as a financing alternative for the public sector. In a world of perfect capital markets, there appears to be little rationale-in terms of reducing the average cost of public sector financing-to resort to secured borrowing. However, for many developing countries, financial markets are far from perfect. In particular, there may be an important role for secured financing where increased uncertainty or financial market volatility leads to credit rationing driven by information asymmetries. Secured financing, however, does not provide a free lunch. Such arrangements subordinate existing and future creditors and, as a result, may raise the cost of future borrowing. In addition, high transaction costs, the thin market in secured instruments, the risk of legal challenges, and reduced budget and debt management flexibility may offset the cost advantage of public sector securitization.

Sin Tax Reform in the Philippines

Sin Tax Reform in the Philippines PDF Author: Kai Kaiser
Publisher: World Bank Publications
ISBN: 1464808074
Category : Medical
Languages : en
Pages : 182

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Book Description
Excise taxes on tobacco and alcohol products can be an effective instrument for promoting public health through the curbing of smoking and excessive drinking, while raising significant financing for development priorities. Designed and implement well, excise taxes represent a win-win for public health and finances. While the public policy rationale for excise reforms is strong in both developed and developing countries, realizing reforms in practice often faces significant opposition by the industry and vested interests. Low level, complex and poorly designed excise tax regimes persist. Getting the technical details right, and effectively managing the political economy of reforms, are vital to securing better excise tax outcomes. The Philippines passed in 2012, implemented, and has been results monitoring a successful tobacco and alcohol tax, dubbed Sin Tax. The reform not only greatly increased, simplified and improved the excise tax reform, but also earmarked the significant part of the large ensuring incremental revenues to helping finance Universal Health Care (UHC) for the bottom forty percent of the population. Sin Tax Reform in the Philippines summarizes both the technical and political economy aspects of tobacco and excise tax reforms. The study analyzes issues of rate structure and levels, implementation phasing, and equity impact analysis. The book is intended as a resource for audiences in both the Philippines and other countries wishing to promote successful excise tax reforms to towards between public sector governance, finances and health. For the Philippines, it highlights measures to ensure that the revenue and expenditure measures associated with the reform continue to be delivered, and can be deepened over time. The Philippines experience should prove encouraging and useful for reform champions in other countries advancing similar types of excise tax and development financing/expenditure earmarking for equitable development and public health.

Philippines

Philippines PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292576402
Category : Business & Economics
Languages : en
Pages : 77

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Book Description
Given the rapid growth of the public-private partnership program (PPP), the Philippine government has initiated reforms to strengthen the framework for managing contingent liabilities arising from PPP projects. This study shows that major directions requiring further effort include (i) better pricing of government guarantees, (ii) adoption of methodology for quantification of contingent liabilities, (iii) setting prudential limits on PPP contingent liabilities, (iv) development of procedures for payment of materialized contingent liabilities from the national budget's unprogrammed fund, and (v) in the medium term, setting up a contingent liabilities fund financed through budget appropriations and contributions of project sponsors.