European Parliament Library

Philippines :, Staff Report for the 2005 Article IV Consultation and Post-Program Monitoring Discussions

Abstract
The staff report for the 2005 Article IV Consultation on the Philippines highlights managing short-term vulnerabilities and higher investment and growth. Power generation tariffs have been raised to substantially cut the losses of the National Power Corporation (NPC). A risk to the near-term outlook for the Philippine economy is that political events, such as possible constitutional change, serve to sideline economic reforms. Executive Directors agreed that rebalancing the composition of public expenditure, with reduced current outlays providing space for capital and social spending, should form an integral part of the fiscal consolidation
Table Of Contents
""Contents""; ""GLOSSARY OF ABBREVIATIONS AND TERMS""; ""EXECUTIVE SUMMARY""; ""I. INTRODUCTION AND BACKGROUND ""; ""II. RECENT ECONOMIC DEVELOPMENTS""; ""III. REPORT ON THE POLICY DISCUSSIONS""; ""IV. STAFF APPRAISAL""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (67 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455267149

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