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WP 1990-06: An Assessment of Fiscal Policy in the Philippines, 1986-1988

In response to the 1983-1985 economic crisis, the Philippine government has assigned a major role to fiscal policy given its contribution to the said disaster. This paper reviews the conduct of Philippine fiscal policy in 1986-1988. It examines how the policy actions undertaken fit into the policy pronouncements embodied in the Medium-Term Development Plan. It also investigates the variations in the broad fiscal aggregates and evaluates the thrust of fiscal policy in terms of its impact on aggregate demand.

Philippine Institute for Development Studies
Authors Keywords
Manasan, Rosario G.; fiscal management; fiscal policy; fiscal sector;
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