Philippines : Mid-2006 Post-Program Monitoring Discussions Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Philippines.

Macroeconomic performance has been relatively strong, and the large fiscal adjustment and the VAT reform represent significant progress in strengthening the fiscal position. Progress with reforms sets the stage for resolving longstanding economic problems. Tax collections have grown strongly. Over t...

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Chi tiết về thư mục
Tác giả của công ty: International Monetary Fund
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2006.
Loạt:IMF Staff Country Reports; Country Report ; No. 2006/355
Những chủ đề:
Truy cập trực tuyến:Full text available on IMF
Miêu tả
Tóm tắt:Macroeconomic performance has been relatively strong, and the large fiscal adjustment and the VAT reform represent significant progress in strengthening the fiscal position. Progress with reforms sets the stage for resolving longstanding economic problems. Tax collections have grown strongly. Over the medium term, sustainable fiscal consolidation will require a further revenue effort. Privatization of power sector assets should move ahead. Risks to inflation seem evenly balanced. Although important challenges remain, steps are being taken to strengthen the banking sector. Capital market development is a priority.
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Mô tả vật lý:1 online resource (52 pages)
Định dạng:Mode of access: Internet
số ISSN:1934-7685
Truy cập:Electronic access restricted to authorized BRAC University faculty, staff and students