Increasing Public Sector Revenue in the Philippines: Equity and Efficiency Considerations

 
Author/Editor: Fletcher, Kevin
 
Publication Date: January 01, 2005
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: Public 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.
 
Series: Working Paper No. 05/22
Subject(s): Public sector | Philippines | Revenues | Stock markets | Value added tax

Author's Keyword(s): Philippines | revenue | incidence | VAT | excises | electricity
 
English
Publication Date: January 01, 2005
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2005022 Pages: 14
Price:
US$15.00 (Academic Rate:
US$15.00 )
 
 
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