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This document provides an overview of fiscal policy and financing of development in the Philippines. It discusses the political economy factors that influence fiscal decisions. Prior to 1972, fiscal decisions were made through an American-style democratic process that tended to prevent addressing urgent development needs due to competing interests. From 1972 onward under martial law, the government took a more corporate approach to direct fiscal policy and promote development, but this required neutralizing

Author

John Dave Marbella

Language

EN