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Philippine Business Cycle and Growth in Government and Household Consumption, 1999-2018*

Philippine Business Cycle and Growth in Government and Household Consumption, 1999-2018*

Source publication
Figure 1 Philippine Business Cycle and Growth in Government and...
Figure 2 National Government Disbursements and Fiscal Ratios, 1999-2018*
Figure 4 National Government Expenditure Components and Ratios to GDP,...
Figure 6 Fiscal Policy Framework of United Kingdom
Required Reports of Select Fiscal Responsibility Acts (FRA)
Legislating Fiscal Responsibility
Research
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  • May 2020
This paper talks about the proposed Fiscal Responsibility Principles for the Philippines. Considerations for policymakers are presented.
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Contexts in source publication

Context 1
... must take note of these concerns as the government embarks on its massive investment plan on infrastructure and social development. Figure 1 presents the annual real GDP growth rate (in constant 2000 prices) of the Philippines from 1999 to 2018, along with the annual growth rates in household consumption (i.e., household final consumption expenditure) and government spending (i.e., government final consumption expenditure or GFCE). GFCE refers to combined expenditures of the national and local governments and is the measure used to account for government spending in the GDP. ...
Context 2
... Supreme Court ruled several DAP schemes as unconstitutional in July 2014. Figure 1 is not a complete picture of fiscal policy in the Philippines. While countercyclical efforts can be observed, fiscal policy in the Philippines during the period 1986-2016 has been found to be generally procyclical, with an increasing degree of procyclicality in recent years (Cevik, 2019). ...

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