Philippines: Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update
June 30, 2004
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This paper presents an update to the Report on the Observance of Standards and Codes on Fiscal Transparency Module for the Philippines. The clear separation of fiscal and public enterprise management in the Philippines has been reduced somewhat by the rising losses of the National Power Corporation (NPC). The decline in the ratio of revenue to GDP in recent years continues to highlight the need for more published information on special tax incentives provided to the private sector, particularly with regard to the fiscal costs.
Subject: Budget planning and preparation, Fiscal accounting and reporting, Fiscal transparency, Internal audit, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, Fiscal accounting and reporting, government corporation, Internal audit, ISCR, NPC loss, procurement opportunity, procurement reform, revenue estimate, staff, staff recommendation
Pages:
6
Volume:
2004
DOI:
Issue:
180
Series:
Country Report No. 2004/180
Stock No:
1PHLEA0032004
ISBN:
9781451831306
ISSN:
1934-7685
