Philippines Staff Report for the 2005 Article IV Consultation and Post-Program Monitoring Discussions

The staff report for the 2005 Article IV Consultation on the Philippines highlights managing short-term vulnerabilities and higher investment and growth. Power generation tariffs have been raised to substantially cut the losses of the National Power Corporation (NPC). A risk to the near-term outlook...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Philippines 
653 |a Comparison of Public and Private Enterprises and Nonprofit Institutions 
653 |a Finance, Public 
653 |a Inflation 
653 |a Public debt 
653 |a Public-Private Enterprises 
653 |a Privatization 
653 |a Public finance & taxation 
653 |a Public Enterprises 
653 |a Taxes 
653 |a Public sector 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Debt 
653 |a Exports and Imports 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a Economic sectors 
653 |a External debt 
653 |a Debts, External 
653 |a Sovereign Debt 
653 |a Business Taxes and Subsidies 
653 |a Contracting Out 
653 |a Civil service & public sector 
653 |a Macroeconomics 
653 |a Taxation 
653 |a Value-added tax 
653 |a Public Finance 
653 |a Spendings tax 
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520 |a The staff report for the 2005 Article IV Consultation on the Philippines highlights managing short-term vulnerabilities and higher investment and growth. Power generation tariffs have been raised to substantially cut the losses of the National Power Corporation (NPC). A risk to the near-term outlook for the Philippine economy is that political events, such as possible constitutional change, serve to sideline economic reforms. Executive Directors agreed that rebalancing the composition of public expenditure, with reduced current outlays providing space for capital and social spending, should form an integral part of the fiscal consolidation