LATEST PUBLICATIONS
WP-2019-06
Skills Needs Anticipation (SNA): Workplace Skills and Satisfaction (WSS) Baseline Survey of Select Employers in the Construction Industry
WP-2019-05
Strengthening Multi-employer Bargaining: Policies and Practices (Phase II)
WP-2019-04
Non-Hazardous Activities for Children: The Case of Banana and Sugarcane Supply Chains
WP-2019-03
Strengthening Preparedness for Migrant Worker Reintegration: Thematic Analysis and Local Index Tool Development

LATEST AV MATERIALS
PIDS WB 2021-0905
7th Mindanao Policy Research Forum
PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
Publication Detail
CSP-58 : Fiscal Roadmap to Economic Recovery

Fiscal policy can play an important role in supporting robust and equitable economic growth. The COVID-19 pandemic and its economic consequences have caused potential output in many countries to decline sharply. As such, government responses should be swift, concerted and commensurate with the severity of the public health crisis, with fiscal tools taking a key role. Restoring growth is essential in mitigating fiscal challenges ahead. The central objective of this paper is to take a closer look at the role of fiscal policy to economic growth, especially in the aftermath of the COVID-19 pandemic. The paper provides discussion on the challenges/risks and prospects of fiscal policy space, and possible reform options for the different fiscal policy instruments in navigating the recession and in adapting to the new post COVID-19 economy. The paper draws from extensive review of the literature on the topic and several analytical studies, including inputs from webinars and existing legislative proposals.

Congressional Policy and Budget Research Department
Authors Keywords
Bangsal, Novel,V; Diaz-Manalo, Pamela; Pasagui, Dina,D; Dumangas, Julius,I; Estrada, Miguel Antonio,G; Estipular, Jhoanne,L; Lamberte, Mario B.; tax administration; budget reform; tax policy; public financial management; ; COVID 19; fiscal policy stance; fiscal space; fiscal stimulus; expenditure policy; debt management; debt projections; contingent liabilities; fiscal transparency; fiscal deficit; public debt; discretionary spending; fiscal stabilization; Bayanihan laws; evaluation policy; fiscal roadmap; economic recovery; V-shaped recovery;
Download PDF Number of Downloads
Published in 2021 and available for Downloaded 77 times since January 27, 2021
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.