Cover IMF Working Papers
Increasing Public Sector Revenue in the Philippines: Equity and Efficiency Considerations
Author:
Mr. Kevin Fletcher
Search for other papers by Mr. Kevin Fletcher in
Current site
Google Scholar
PubMedClose
Series:
IMF Working Papers
Volume/Issue:
Volume 2005: Issue 022
Language:
English
Publication Date:
01 Jan 2005
DOI:
https://doi.org/10.5089/9781451860412.001
ISBN:
9781451860412
ISSN:
1018-5941
Pages:
14
Keywords:
WP; VAT; excise; rate; tax rate; VAT rate
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (120.7 KB) Download Epub
Public sector revenue has declined markedly in the Philippines over the past seven years. Most observers of the Philippine economy agree that rebuilding public sector revenue will be critical to reducing deficits and ensuring public sector debt sustainability. This paper reviews several of the main possibilities for raising public sector revenue, including increases in excise, VAT, and electricity rates. It argues that most of these proposals would raise revenue in a relatively efficient manner. Using household-level expenditure data, it also finds that most of these measures would be progressive, especially if they allow the government to avoid cuts in pro-poor spending.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2005: Issue 022