Research assistant paper: An analysis of fiscal crisis in the Philippines

• Main Authors: Bueno, Gemicks Ace T., Lopez, Jose J.
• Format: text
• Language: English
• Published: Animo Repository 2005
• Subjects: Financial crises > Philippines; Budget deficits > Philippines; Philippines > Economic conditions; Fiscal policy > Philippines; Economics
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/5094
• Institution: De La Salle University

The Philippines has been experiencing budget deficit for years. Representative Salceda's paper showed the facts of the case. However, it is not merely stated to provide us with data, rather, it is stated for the government to act as quickly as possible. Furthermore, the roots of the budget deficit has been described and traced back from the time of Marcos until today, where so much economic distress had happened, including the financial crisis that hit Asian economies in the year 1997.Finally, medicines have been prescribed in order to raise revenues, but it would seem that the most effective way of doing it is by having aggressive tax measures.