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Publication Detail
EID 2004 Vol. IV No.1: Budget Deficit

This article defines budget deficit simply as the difference between what the government spends and what it collects in taxes in a given period. It is a common, albeit rebuked knowledge, that the Philippine government has, for quite sometime, been spending more than what it has been earning. The outcome is that the deficit has to be financed either through local or foreign borrowing. Either way, government borrowing has its consequences, foremost of which is the increase in interest rates.

Philippine Institute for Development Studies
Authors Keywords
Caparas, Maria Teresa; budget deficit; government spending; debt service;
Download PDF Number of Downloads
Published in 2004 and available in the PIDS Library or Downloaded 721 times since November 25, 2011
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