Beja, Edsel Jr. (2009): The Philippines on debt row.
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Heavy indebtedness and debt service payments, indicated by debt magnitudes and shares to national budgets, revenues, or outputs, mean that spending for public infrastructure and basic services is crowded out, even as they entail more borrowings in order to timely meet debt obligations. The failure to reduce indebtedness, improve national revenues, and raise incomes has contributed to the economic decrepitude of the Philippines. Debt relief is neces-sary to pull the country out of such a state of affairs.
|Item Type:||MPRA Paper|
|Original Title:||The Philippines on debt row|
|Keywords:||Philippines, indebtedness, debt penalty, debt relief,|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy
O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O23 - Fiscal and Monetary Policy in Development
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
H - Public Economics > H5 - National Government Expenditures and Related Policies > H50 - General
F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems
O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East
H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt ; Debt Management ; Sovereign Debt
|Depositing User:||Edsel Beja, Jr.|
|Date Deposited:||12. Jun 2010 03:06|
|Last Modified:||25. May 2015 20:41|
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