pidsepm2016-2017.pdf - Copyright 2019 Philippine Institute for Development Studies(PIDS Printed in the Philippines Some rights reserved The views

pidsepm2016-2017.pdf - Copyright 2019 Philippine Institute...

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Copyright 2019 Philippine Institute for Development Studies (PIDS) Printed in the Philippines. Some rights reserved The views expressed in this volume are those of the authors and do not necessarily reflect the views of any individual or organization. Please address all inquiries to: Philippine Institute for Development Studies 18th Floor, Three Cyberpod Centris – North Tower EDSA corner Quezon Avenue, 1100 Quezon City Telephone: (63-2) 877-4000; 372-1291 to 92 Fax: (63-2) 877-4099 E-mail: [email protected] Website: This volume is under the Creative Commons Attribution Noncommercial License. It shall not be used for commercial purposes. Anyone can use, reuse, distribute, build upon this material as long as proper attribution is made. ISSN 2546-1761 RP 04-19-600 Photo credits: Chapter 1, page 1, Chapter 2, page 17, US Air Force photo by Lt. Col. Jerry Lobb/Wikimedia Commons Chapter 3, page 47, photo by Joel C. Lozare
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v Table of Contents List of Tables, Figures, and Boxes .............................................................................. vi Foreword ..................................................................................................................... ix Acknowledgment ......................................................................................................... xi Executive Summary .................................................................................................. xiii List of Acronyms ...................................................................................................... xvii 1 The Philippine Economy in 2016 and Prospects for 2017–2018 ............................. 1 Introduction ............................................................................................................. 2 Global economic performance ................................................................................ 2 Regional trends ....................................................................................................... 3 The Philippine economy in 2016 ............................................................................ 4 Macroeconomic policy ........................................................................................... 9 Major global risks ................................................................................................. 13 Major domestic risks ............................................................................................. 14 Prospects for 2017 and 2018 ................................................................................. 15 References ............................................................................................................. 16 2 Policy Updates ............................................................................................................ 17 Health .................................................................................................................... 18 Education .............................................................................................................. 20 Gender and development ..................................................................................... 21 Housing and human settlement ............................................................................. 24 Agriculture ............................................................................................................ 29 Natural resources .................................................................................................. 33 Trade ..................................................................................................................... 37 Trade in services ................................................................................................... 39 References ............................................................................................................. 43 3 Designing the Fiscal Features of a Federal System of Government ..................... 47 Introduction ........................................................................................................... 48 Overview of the fiscal federalism framework ....................................................... 50 Design options for the fiscal features of the proposed federal government .......... 53 Fiscal cost of adopting federal system of government ......................................... 91 Conclusion ............................................................................................................ 92 References ............................................................................................................. 94 The Authors ................................................................................................................. 99
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vi List of Tables, Figures, and Boxes Table 1.1 Baseline assumptions on the international economy .................................................. 3 1.2 Selected macroeconomic indicators, Philippines, 2010–2017 .................................... 5 1.3 Poverty incidence in the Philippines, 2006–2015 ..................................................... 14 1.4 Forecasts of Philippine gross domestic product growth rate .................................... 15 2.1 Projected housing need (in thousand household units) ............................................. 25 2.2 Amendments stated in Republic Act 10881 .............................................................. 41 2.3 RAASR IAP of the Philippines ................................................................................. 42 3.1 Gross regional domestic product (GRDP), per-capita household income, and poverty incidence across regions ........................................................................ 50 3.2 Functional assignment under the 1991 Local Government Code ............................. 58 3.3 Illustrative design option for assignment of expenditure for the proposed Philippine federal model ........................................................................................... 60 3.4 Estimate of indicative cost of expenditure responsibilities assigned to federal level and state governments per Table 3.3 ................................................ 61 3.5 Own-source revenue and local tax revenues for all local government units (LGUs) combined in pre-1991 Local Government Code (LGC) and post-1991 LGC period, by level of local government ........................................ 64 3.6 Taxes assigned to provinces, cities, municipalities, and barangays under the 1991 Local Government Code .................................................................. 66 3.7 Own-source revenue performance of local government units, by region, 2016 (in PHP million) .............................................................................. 69 3.8
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