EconPapers    
Economics at your fingertips  
 

The Deepening Crisis: The Real Score on Deficits and the Public Debt

Emmanuel de Dios
Additional contact information
Emmanuel de Dios: School of Economics, University of the Philippines Diliman

Authors registered in the RePEc Author Service: Emmanuel S. de Dios (esdedios@up.edu.ph)

No 200409, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: In her state of the nation address before Congress last July, President Arroyo drew attention to the government’s worsening fiscal and debt problems, calling the deficit “our most urgent problem”. That was an accurate statement. The looming threat represented by an uncontrolled public debt is indeed the biggest economic challenge the country will have to confront immediately and for the remainder of this decade. Recent events and discussions give ample reason to doubt whether the President’s message has been truly understood and internalized by the political elite and public alike – and hence whether the issue will be given its due importance. The quality of public debate on the issue stirs grave doubts whether the scale and consequences of “our most urgent problem” are indeed being fully appreciated.

Pages: 26 pages
Date: 2004-08
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Published as UPSE Discussion Paper No. 2004-09, August 2004

Downloads: (external link)
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/28/111 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:200409

Access Statistics for this paper

More papers in UP School of Economics Discussion Papers from University of the Philippines School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by RT Campos (rtcampos@up.edu.ph).

 
Page updated 2025-02-13
Handle: RePEc:phs:dpaper:200409