As part of its objective to promote efficiency in production, the Philippine government intensified its program on tariff reform beginning in the 1990s. In the process, a large reduction in government revenue, mainly through tariff duties, had taken place and is expected to continue. In the face of the government's current huge budget deficits, how can this pressure be eased? Is there an alternative scheme that can make up for the decline in the tariff revenue? This Policy Notes looks into possible alternative schemes to address this concern.
