Increasing Public Sector Revenue in the Philippines
AbstractPublic sector revenue has declined markedly in the Philippines over the past seven years. Most observers of the Philippine economy agree that rebuilding public sector revenue will be critical to reducing deficits and ensuring public sector debt sustainability. This paper reviews several of the main possibilities for raising public sector revenue, including increases in excise, VAT, and electricity rates. It argues that most of these proposals would raise revenue in a relatively efficient manner. Using household-level expenditure data, it also finds that most of these measures would be progressive, especially if they allow the government to avoid cuts in pro-poor spending.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 05/22.
Date of creation: 01 Jan 2005
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- Nigel Andrew Chalk, 2001. "Tax Incentives in the Philippines," IMF Working Papers 01/181, International Monetary Fund.
- David Locke Newhouse & Daria Zakharova, 2007. "Distributional Implications of the VAT Reform in the Philippines," IMF Working Papers 07/153, International Monetary Fund.
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