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The Administration’S Objective To Reduce The Fiscal Deficit To 3% Of Gdp By 2028: Why And How?, Jesus Felipe
The Administration’S Objective To Reduce The Fiscal Deficit To 3% Of Gdp By 2028: Why And How?, Jesus Felipe
Angelo King Institute for Economic and Business Studies (AKI)
A few weeks ago, the author attended a presentation on the Philippine economy and prospects for 2023. A discussant from the Department of Finance indicated that the Administration aims at reducing the fiscal deficit from 8.6 percent of gross domestic product in 2021 (the result of the COVID pandemic) to 3 percent by 2028. She referred to this reduction as “solid fiscal management” that “will promote long-term growth". This article argues that this is a dubious target because the government cannot control the deficit. Moreover, claiming that this reduction will promote long-term growth is poor economics. So is the idea …
Monitoring The Philippine Economy Year-End Report For 2017, Mitzie Irene P. Conchada, Won Hee Cho
Monitoring The Philippine Economy Year-End Report For 2017, Mitzie Irene P. Conchada, Won Hee Cho
Angelo King Institute for Economic and Business Studies (AKI)
Growing at 6.7% in 2017, the Philippine economy realized robust full-year forecasts despite domestic and international economic challenges. Economic performance: Aggressive government spending on infrastructure projects, the growth of the manufacturing sector, and an uptick in the agriculture sector strengthen the Philippine economy.
Monitoring The Philippine Economy Year-End Report For 2016, Mitzie Irene P. Conchada, Regina S. Villasor
Monitoring The Philippine Economy Year-End Report For 2016, Mitzie Irene P. Conchada, Regina S. Villasor
Angelo King Institute for Economic and Business Studies (AKI)
Philippine economic growth topped regional performance for 2016. In line with election-year market expectations, annual growth accelerated to 6.9 percent from 6.0 percent in 2015, surpassing China (6.7%) and Vietnam (6.2%). Despite the global economic slowdown, Philippine growth has continuously improved since 2015, showing resilience to external shocks with manufacturing expansion. On the demand side, household consumption and investments flourished with modest inflation and strong imports. On the supply side, the industry sector led as the service sector slowed down. Meanwhile, the agriculture sector continues to contract with the onslaught of weather disruptions like typhoons Karen and Lawin.