For the last 25 years, the government has been incurring heavy budgetary deficits. Yet, data on recent Philippine experience reveal that no well-established guidelines on how to finance a budget deficit have been formulated. This paper investigates the means and measures to finance a deficit, considers a theory that chooses an optimal mix of policy instruments and studies the experience of less developed country like the Philippines as a case in point.
Citations
This publication has been cited 2 times
In other Publications
- Gochoco, Maria Socorro. 1988. Financing the budget deficit in a small open economy: the case of the Philippines, 1981-1986. Working Papers WP 1988-10. Philippine Institute for Development Studies.
- Manasan, Rosario. 1988. The size, financing and impact of the public sector deficit, 1975-198. Working Papers WP 1988-03. Philippine Institute for Development Studies.
