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Philippines - First Development Policy Loan (Inglês)

The proposed First Development Policy Loan for Philippines will be the first in what is expected to be a series of single-tranche DPLs. The first operation DPL1 supports the Government's significant achievements in reducing public sector deficits and debt through tax reform and power tariff adjustments, and seeks to bolster this performance by: strengthening tax administration; improving budget execution and fiduciary performance; and strengthening the finances of the power sector. In addition, DP1 lays the groundwork for deeper reforms in the areas of fiscal consolidation, governance and the fiduciary environment, the investment climate and social policy, with the objective of supporting specific reforms in these areas in the context of subsequent DPLs.

Detalhes

  • Data do documento

    2006/11/16

  • TIpo de documento

    Documento sobre o programa

  • No. do relatório

    38004

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Filipinas,

  • Região

    Leste Asiático e Pacífico,

  • Data de divulgação

    2006/12/15

  • Disclosure Status

    Disclosed

  • Nome do documento

    Philippines - First Development Policy Loan

  • Palavras-chave

    cost to income ratio;Capital Adequacy Ratio;weaknesses in tax policy;public investment in infrastructure;Tax Policy and Administration;net interest margin;infrastructure and service delivery;public expenditure management reform;public expenditure on health;access to health service;payment of income tax;per capita income threshold;delivery of government service;public sector deficit;tax revenue;tax effort;public debt;private investment;fiscal adjustment;global capital market;public sector spending;corruption perception index;high oil price;tax policy reform;public debt reduction;tax revenue increase;current account balance;vat reform;income tax rate;reducing maternal mortality;reducing child mortality;access to water;corporate income tax;quality of audit;education and health;revenue collection agencies;registration of business;health care cost;loss of earnings;fall in tax;return on asset;management and administration;Rule of Law;national audit plan;fiscal adjustment package;allegations of corruption;social health insurance;independent power producer;health outcome indicators;public sector debt;business process outsourcing;increase in remittance;decline in poverty;real government spending;fiscal consolidation effort;education for all;universal primary education;rapid population growth;Development Policy Lending;savings and investment;Inflation & unemployment;improving budget execution;international development partner;current account surplus;secondary debt market;social services finance;external commercial borrowing;financial management reform;confidence of investor;civil society involvement;higher government spending;government service delivery;functional literacy rate;private sector credit;debt management strategy;high growth rate;privatization of generation;millennium development goal;sustainable fiscal adjustment;fees and charge;foreign currency borrowing;public debt burden;Contingent Liability Management;power sector reform;Fiscal Sustainability;Tax Administration;fiscal crisis;financial market;expenditure restraint;Power Generation;Tax Reform;power tariff;excise tax;Tax Evasion;Exchange Rates;investment climate;high school;poverty incidence;percent change;tax measure;asset quality;salary workers;Fiscal policies;adjustment effort;fiscal incentive;official reserve;philippine peso;fiscal policy;primary expenditure;high tax;deficit reduction;Fiscal Reform;vat rate;improve revenue;commercial bank;Public Spending;political instability;tax evader;participation rate;banking sector;revenue agency;primary spending;medium-term projection;annual meetings;domestic labor;political opposition;government's policy;performance contract;fiscal balance;asian crisis;accountability mechanism;minimum criteria;government effort;macroeconomic instability;increasing investment;poor infrastructure;Tax Holiday;responsible parenthood;live birth;tax category;net yield;high spending;sin tax;information constraint;maturity structure;foreign debt;official financing;tax preference;agricultural growth;complementary measure;treasury bond;borrowing requirement;transmission company;medical service;fiscal prudence;Banking Supervision;private consumption;private investor;global trend;driving force;primary surplus;fiscal space;private company;export growth;child malnutrition;budget process;government borrowing;procurement reform;banking system;operational efficiency;excessive borrowing;financial obligation;power reform;contract cost;political environment;school textbook;tax performance;global liquidity;fiscal performance;fiscal variable;interest burden;bank profitability;oil product;import tariff;administrative performance;petroleum product;Legal Services;tax administrator;government security;stock market;bond issue;portfolio flow;domestic liquidity;treasury rate;t-bill rate;historical data;imported oil;domestic investment;import duty;fiscal constraint;capacity utilization;investment rate;fuel price;integrity protection;administrative measure;debt source

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