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Financing the Budget Deficit in the Philippines

Eli Remolona

No WP 1985-02, Working Papers from Philippine Institute for Development Studies

Abstract: For the last 25 years, the government has been incurring heavy budgetary deficits. Yet, data on recent Philippine experience reveal that no well-established guidelines on how to finance a budget deficit have been formulated. This paper investigates the means and measures to finance a deficit, considers a theory that chooses an optimal mix of policy instruments and studies the experience of less developed country like the Philippines as a case in point.

Keywords: fiscal deficit; fiscal policy; fiscal sector (search for similar items in EconPapers)
Pages: 53
Date: 1985
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Citations: View citations in EconPapers (2)

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