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Fiscal policy are "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures". [ 1 ] In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the ...
Website. www.dof.gov.ph. The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all ...
The Commonwealth of the Philippines was also known as the "Philippine Commonwealth", [ 17 ][ 18 ] or simply as "the Commonwealth". Its official name in Spanish, the other of the Commonwealth's two official languages, was Commonwealth de Filipinas ([filiˈpinas]). The 1935 Constitution uses "the Philippines" as the country's short-form name ...
The government of the Philippines (Filipino: Pamahalaan ng Pilipinas) has three interdependent branches: the legislative, executive, and judicial branches.The Philippines is governed as a unitary state under a presidential representative and democratic constitutional republic in which the president functions as both the head of state and the head of government of the country within a pluriform ...
The Internal Revenue Allotment (IRA) is a local government unit ’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their ...
Congress enacted the Local Government Code of the Philippines in 1991 to "provide for a more responsive and accountable local government structure instituted through a system of decentralization with effective mechanisms of recall, initiative, and referendum, allocate among the different local government units their powers, responsibilities ...
Taxation. International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to ...
Padre Faura St., Ermita, Manila. Politics in the Philippinesare governed by a three-branch systemof government. The country is a democracy, with a presidentwho is directly electedby the people and serves as both the head of stateand the head of government. The president serves as the leader of the executive branch and is a powerful political ...