Philippines: Report for the July 2004 Post-Program Monitoring Discussions
October 3, 2004
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This paper focuses on 2004 Post Program Monitoring Discussions for the Philippines. The authorities are formulating a significant package of tax measures. IMF staff argued that the bulk of the additional revenues should be saved, thereby front-loading the medium-term deficit reduction effort. Such a strategy would boost market confidence and exploit the likely greater potential to enact tax measures at the beginning of the new administration’s term. The authorities are now also considering the power sector reforms.
Subject: Administration in revenue administration, Economic sectors, External debt, Public debt, Public sector, Tariffs, Taxes, Value-added tax
Keywords: Asia and Pacific, authorities definition, CR, Eastern Europe, economy, GDP outturn, Global, government, inflation outlook, ISCR, Middle East, policy, Policy adjustment, policy blueprint, Public sector, rate, Tariffs, Value-added tax
Pages:
55
Volume:
2004
DOI:
Issue:
317
Series:
Country Report No. 2004/317
Stock No:
1PHLEA0052004
ISBN:
9781451831320
ISSN:
1934-7685
