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    Fiscal policy in the Philippines refers to the government's manipulation of taxes and spending to stabilize the economy. The main tools of fiscal policy are taxes and expenditures. While the Philippines has faced continuous budget deficits and debt, there have been some improvements recently. To finance deficits and debt, the Philippines collects taxes and non-tax revenues and relies on domestic and international sources of financing.

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    Fiscal policy in the Philippines refers to the government's manipulation of taxes and spending to stabilize the economy. The main tools of fiscal policy are taxes and expenditures. While the Philippines has faced continuous budget deficits and debt, there have been some improvements recently. To finance deficits and debt, the Philippines collects taxes and non-tax revenues and relies on domestic and international sources of financing.

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    7 views1 page

    Untitled

    Uploaded by

    Prialyn M. Carpio
    Fiscal policy in the Philippines refers to the government's manipulation of taxes and spending to stabilize the economy. The main tools of fiscal policy are taxes and expenditures. While the Philippines has faced continuous budget deficits and debt, there have been some improvements recently. To finance deficits and debt, the Philippines collects taxes and non-tax revenues and relies on domestic and international sources of financing.

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    Fiscal Policy in the Philippines

    What is Fiscal Policy?

    Fiscal policy refers to the "measures employed by governments to stabilize the economy, specifically by
    manipulating the levels and allocations of taxes and government expenditures.

    Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals. In the
    Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though
    there have been improvements in the last few years.

    The Philippine governments main source of revenue are taxes, with some non-tax revenue also being
    collected. finance fiscal deficit and debt, the Philippines relies on both domestic and external sources.

    https://www.academia.edu/13536335/Fiscal_Policy_in_the_Philippines

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