The effects of rapid climate change have become a major discourse due to its uncertain path and significant consequences.
Our overarching objective is to describe the extent of the impact of climate change on public finances (i.e., revenues, expenditures, primary balance). This will quantify the effects of temperature shocks, levels of precipitation, and occurrence of extreme weather incidents on fiscal health that can guide policymakers in determining how to build, utilize, and maximize public funds in preparing for and recovering from climate-related phenomena and creating a climate-resilient economy.
In addressing our overarching objective, we pose the research question: how do changes in climate affect the Philippines’ fiscal health?
Our general objective is: to draw the relationship and causality between climate-related phenomena and fiscal health in the Philippines that will generate policy recommendations for government.