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dc.contributor.authorLimpin, Aurita Layug-
dc.creatorLimpin, Aurita Layug-
dc.description.abstractThis study provides an outlook of the Philippines’ fiscal crisis and the factors which exacerbate its continuous lag behind its ASEAN neighbors. It presents the budgetary loopholes that cause the unnecessary leaks and wastage in its financial resources and in effect contribute to the debilitating need to resort to the easiest means to augment its draining budget – that is through borrowing. Yet due to the instance that its borrowings are not channeled to rolling investments which could support both the developmental goals and consumption needs of the people, borrowed funds are merely expended to a cycle of debt service, implicating the economy into a vicious “debt trap.” Though taxation remains to be the main source of revenues in the country, tax collection remains inadequate owing to the peoples’ lack of tax consciousness and their lack of trust to the corrupt government, which at the same rate fails to tap other sources of revenues and to progressively tax the public through the institution of effective “tax handles.” Towards the end, this research presents policy recommendations, which are hoped to aid the Philippine government in future policy reforms towards its struggle for a sound fiscal position and a development status that is truly sustainable.;본 연구는 필리핀의 재정 위기와 필리핀이 동남아시아 주변국에 지속적으로 뒤떨어지도록 악화시키는 요인들에 대한 관점을 제공한다. 본 논문은 재정 자원의 불필요한 낭비와 손실을 야기시키고 결국 부족한 예산을 늘리기 위한 가장 쉬운 수단, 즉 차용에 의지하도록 하는 예산상의 허점을 보여준다. 그러나 개발 목표와 국민들의 소비욕구를 모두 지원할 수 있는 연동화 투자(rolling statement)로 자금이 유용되지 않기 때문에, 차용된 자금이 단순히 부채상환으로 사용되고 그 결과 필리핀의 경제가 고질적인 “채무의 덫”에 갇히게 되었다. 세금이 국가의 주요 재정기반이 됨에도 불구하고, 현재 필리핀에서는 국민들의 세금에 대한 인식과 부패 정부에 대한 신뢰가 부족하기 때문에 세금 징수가 제대로 이뤄지지 못하고 있다. 이로 인해 다른 세원의 징수도 어려운 실정이며, 이는 결국 효과적인 “세금처리” 제도를 통한 점차적 세수증대의 실패로 연결 된다. 끝으로, 본 논문은 건실한 재정 상황과 진정으로 지속 가능한 발전을 이루기 위한 필리핀 정부의 미래 정책 개혁 방향을 제안한다.-
dc.description.tableofcontentsI. Introduction = 1 II. The Analytical Framework = 10 III. The Review of Related Literature = 14 A. A Brief Glimpse of Underdevelopment: Extricating the Whys and Wherefores = 14 B. Fiscal Policy, Domestic Credit and Money Supply = 16 C. The Conventional Deficit and Fiscal Stance = 19 IV. The Philippine Fiscal Deficit at a Glance = 22 A. The Philippine Fiscal Deficit and Low Capital Investments = 25 V. Factors Exacerbating the Philippine “Fiscal Crisis” = 28 A. The Debt service Allocation in the Philippine Budget = 28 1. Presidential Decree No. 1177 · Automatic Appropriations for Debt Servicing = 32 B. The Government “Off-Book” Items = 35 1. The Non-Budgetary Accounts = 36 2. The Government’s Assumed Liabilities = 38 3. Unproductive Government Expenditures = 41 4. Inadequate Revenues Generated = 46 VI. Reforms towards Fiscal Strength and Sustainable Development = 50 A. Reform of the Budgeting System = 50 1. Empowerment of the Marginalized Legislature = 50 2. A Participatory Budgeting Process = 51 B. “Constitutionalization” of a Debt Cap and an Investment Allotment = 52 C. The Leadership Factor = 53 D. Burden-Sharing and Downsizing the Bureaucracy = 55 E. Scouting for Other Sources of Revenues = 57 1. Legitimizing “Jueteng” = 58 2. Privatization of Underperforming Public Enterprises = 59 3. Tapping the Revenue Generating Functions of LGUs = 61 4. Attracting More Foreign Direct Investments (FDI) = 62 5. Advocating for More and Optimizing the use of ODA = 64 VII. Conclusion = 66 References = 71 Abstract in Korean = 73-
dc.format.extent707768 bytes-
dc.publisher이화여자대학교 국제대학원-
dc.titleFiscal Deficits and Financing Development in the Philippines-
dc.typeMaster's Thesis-
dc.format.pageviii, 73 p.-
dc.identifier.major국제대학원 국제학과- 8-
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