The Philippines on debt row
AbstractHeavy 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 16553.
Date of creation: 01 Aug 2009
Date of revision:
Philippines; indebtedness; debt penalty; debt relief;
Find related papers by JEL classification:
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-08-08 (All new papers)
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