Increasing Public Sector Revenue in the Philippines: Equity and Efficiency Considerations

January 1, 2005

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Format: Chicago

Kevin Fletcher. Increasing Public Sector Revenue in the Philippines: Equity and Efficiency Considerations, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Public sector revenue has declined markedly in the Philippines over the past seven years. Most observers of the Philippine economy agree that rebuilding public sector revenue will be critical to reducing deficits and ensuring public sector debt sustainability. This paper reviews several of the main possibilities for raising public sector revenue, including increases in excise, VAT, and electricity rates. It argues that most of these proposals would raise revenue in a relatively efficient manner. Using household-level expenditure data, it also finds that most of these measures would be progressive, especially if they allow the government to avoid cuts in pro-poor spending.

Subject: Excises, Oil, Revenue administration, Tax incentives, Value-added tax

Keywords: Excise, Rate, Tax rate, VAT, VAT rate, WP

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2005/022
Stock No:

WPIEA2005022
ISBN:

9781451860412
ISSN:

1018-5941

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