Philippines : 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of the Executive Director for the Philippines.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2008/119

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Philippines.

Fiscal policy.

Finance--Philippines.

Finance.

Philippines--Foreign economic relations.

Philippines.

Physical Description:

1 online resource (67 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

Economic stability of the Philippines was discussed in this report. Private investment remained low by regional standards, but there are tentative signs of a revival. These developments and favorable global conditions led to a surge in foreign exchange inflows and the external value of the peso. Inflation remained low because of an appreciating peso and prudent monetary policy. The authorities are encouraged to strengthen the tax effort. Legislation is being considered to restore the tax base by rationalizing fiscal incentives and adjusting excise taxes.

Contents:

Cover; Contents; Executive Summary; I. Introduction; II. Economic Background; III. Mending Vulnerabilities and Securing a Sustainable Growth Path; Boxes; 1. Vulnerability Assessment; A. Securing the Benefits from Fiscal Consolidation; 2. Options for Establishing a Durable Tax Base; B. Policy Response to Global Financial Pressures; 3 Assessment of the Level of the Exchange Rate; C. Financial and Structural Policies; IV. Staff Appraisal; Figures; 1. Domestic Developments; 2. External Developments; 3 Fiscal Sector; 4. Banking Sector; Tables; 1. Selected Economic Indicators, 2003-08

2. National Government Cash Accounts, 2003-103. Balance of Payments, 2003-08; 4. Monetary Survey, 2003-07; 5. Medium-Term Outlook, 2005-13, Baseline Scenario; 6. Medium-Term Outlook, 2005-13, Reform Scenario; 7. Medium-Term Balance of Payments Outlook, 2005-13; 8. Banking Sector Indicators, 2003-07; 9. Indicators of External Vulnerability, 2003-08; Appendix; I. Debt Sustainability Analysis; Annexes; I. Fund Relations; II. Statistical Issues; III. Relations with the World Bank Group; IV. Relations with the Asian Development Bank

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 2, 2015).

ISBN:

9786613737960

9781462328130

146232813X

9781451999006

1451999003

9781280896651

1280896655

9781452743714

1452743711