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The Philippines has incurred large deficits in its balance of payments. Blame it all to the increasing oil import bill that serves to reflect the country’s dependence on imported crude oil. Mr. Leander Alejo tells the DRN reader why.

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Contributor

Philippine Institute for Development Studies

Authors

Alejo, Leander

Keywords

oil price; oil importation; oil exchange; energy sector; macroeconomic policy; macroeconomic adjustments

Policies and Research Issues on Energy in the Philippines: The 1980s

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