Philippines - Public Expenditure Review : Strengthening Public Finance for More Inclusive Growth
This Public Expenditure Review analyzes trends in revenues, expenditures and development outcomes over the past 10 years. Its main findings are that, since the late 1990s, the Philippines has been caught in a low-revenue, low-expenditure trap and t...
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| Format: | Public Expenditure Review |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20111121225449 http://hdl.handle.net/10986/2796 |
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okr-10986-27962021-04-23T14:02:04Z Philippines - Public Expenditure Review : Strengthening Public Finance for More Inclusive Growth World Bank This Public Expenditure Review analyzes trends in revenues, expenditures and development outcomes over the past 10 years. Its main findings are that, since the late 1990s, the Philippines has been caught in a low-revenue, low-expenditure trap and that the current level of public revenues is not sufficient to close the development gap between the Philippines and East Asian comparator countries. The Philippines exhibits similar efficiency of public expenditures as the regional averages in public education and public health spending, but low efficiency in transport. The distribution of revenues, expenditures and some key development outcomes across regions in the Philippines is becoming more unequal. Besides not generating enough revenues to satisfy its development needs, the Philippines tax system extracts very little revenue from the top income quintile and is highly inequitable across sectors and employment categories. The PER urges the adoption of tax policy measures to increase the overall revenue envelope as well as expenditures on education, health conditional cash transfers and, eventually, infrastructure. It also recommends reforming the public investment management system as well as the formula used for distributing intergovernmental fiscal transfers to include equity considerations. 2012-03-19T10:13:48Z 2012-03-19T10:13:48Z 2011-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20111121225449 http://hdl.handle.net/10986/2796 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Public Expenditure Review East Asia and Pacific Southeast Asia Asia Philippines |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| geographic_facet |
East Asia and Pacific Southeast Asia Asia Philippines |
| description |
This Public Expenditure Review analyzes
trends in revenues, expenditures and development outcomes
over the past 10 years. Its main findings are that, since
the late 1990s, the Philippines has been caught in a
low-revenue, low-expenditure trap and that the current level
of public revenues is not sufficient to close the
development gap between the Philippines and East Asian
comparator countries. The Philippines exhibits similar
efficiency of public expenditures as the regional averages
in public education and public health spending, but low
efficiency in transport. The distribution of revenues,
expenditures and some key development outcomes across
regions in the Philippines is becoming more unequal. Besides
not generating enough revenues to satisfy its development
needs, the Philippines tax system extracts very little
revenue from the top income quintile and is highly
inequitable across sectors and employment categories. The
PER urges the adoption of tax policy measures to increase
the overall revenue envelope as well as expenditures on
education, health conditional cash transfers and,
eventually, infrastructure. It also recommends reforming the
public investment management system as well as the formula
used for distributing intergovernmental fiscal transfers to
include equity considerations. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| spellingShingle |
World Bank Philippines - Public Expenditure Review : Strengthening Public Finance for More Inclusive Growth |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Philippines - Public Expenditure Review : Strengthening Public Finance
for More Inclusive Growth |
| title_short |
Philippines - Public Expenditure Review : Strengthening Public Finance
for More Inclusive Growth |
| title_full |
Philippines - Public Expenditure Review : Strengthening Public Finance
for More Inclusive Growth |
| title_fullStr |
Philippines - Public Expenditure Review : Strengthening Public Finance
for More Inclusive Growth |
| title_full_unstemmed |
Philippines - Public Expenditure Review : Strengthening Public Finance
for More Inclusive Growth |
| title_sort |
philippines - public expenditure review : strengthening public finance
for more inclusive growth |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20111121225449 http://hdl.handle.net/10986/2796 |
| _version_ |
1764385959942553600 |