The Philippines on debt row
Heavy indebtedness and debt service payments, indicated by debt magnitudes and shares to national budgets, revenues, or outputs, mean that spending for public infrastructure and basic services is crowded out, even as they entail more borrowings in order to timely meet debt obligations. The failure t...
محفوظ في:
| المؤلف الرئيسي: | |
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| التنسيق: | text |
| منشور في: |
Archīum Ateneo
2009
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://archium.ateneo.edu/economics-faculty-pubs/131 https://mpra.ub.uni-muenchen.de/23232/ |
| الوسوم: |
إضافة وسم
لا توجد وسوم, كن أول من يضع وسما على هذه التسجيلة!
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| المؤسسة: | Ateneo De Manila University |
| الملخص: | Heavy indebtedness and debt service payments, indicated by debt magnitudes and shares to national budgets, revenues, or outputs, mean that spending for public infrastructure and basic services is crowded out, even as they entail more borrowings in order to timely meet debt obligations. The failure to reduce indebtedness, improve national revenues, and raise incomes has contributed to the economic decrepitude of the Philippines. Debt relief is neces-sary to pull the country out of such a state of affairs. |
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