Philippine Economic Update : Accelerating Reforms to Meet the Jobs Challenge

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dc.creatorWorld Bank
dc.date2014-01-07T00:08:25Z
dc.date2014-01-07T00:08:25Z
dc.date2013-05
dc.date.accessioned2026-07-01T00:57:01Z
dc.descriptionThe Philippine economic update provides an update on key economic and social developments, and policies over the past 6 to 12 months. It also presents findings from recent World Bank studies on the Philippines. The Philippine economy expanded by 6.6 percent in 2012, exceeding most expectations, including the government's own target of 5 to 6 percent. The pace and efficiency of national government spending improved remarkably in 2012. Higher government spending was matched by a significant increase in revenue collection, with a strong contribution from improved tax administration. Total tax revenues grew by 13.2 percent and tax effort increased from 12.3 to 12.9 percent of Gross Domestic Product (GDP)-the highest increase in decades attributable to improved tax administration. The medium-term growth prospects for the Philippines are good. GDP growth is projected at 6.2 percent in 2013, driven by domestic demand. There is no silver bullet for creating more and better jobs, as it is linked to resolving deep-seated, structural issues in the economy. Only a comprehensive reform agenda implemented across sectors can foster a business environment conducive to private sector job creation by firms of all sizes. A unique window of opportunity exists today to accelerate reforms that will help create more and better jobs.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2013/05/17810461/philippine-economic-update-accelerating-reforms-meet-jobs-challenge
dc.identifierhttps://hdl.handle.net/10986/16515
dc.identifierhttps://doi.org/10.1596/16515
dc.identifier.urihttp://hdl.handle.net/123456789/413394
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO MARKETS
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADMINISTRATIVE REFORMS
dc.subjectADVANCED ECONOMIES
dc.subjectADVERSE IMPACTS
dc.subjectAGRICULTURE
dc.subjectASSET PRICE
dc.subjectASSET PRICES
dc.subjectAVERAGE DEBT
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANK ASSET
dc.subjectBANK FINANCING
dc.subjectBANK LENDING
dc.subjectBANKING SECTOR
dc.subjectBASIS POINTS
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectBORROWING COSTS
dc.subjectBUDGETING
dc.subjectBUSINESS ACTIVITIES
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOW
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCASH REMITTANCES
dc.subjectCASH TRANSFER
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCHECKS
dc.subjectCOLLATERAL
dc.subjectCOLLEGE DEGREES
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER EXPECTATIONS
dc.subjectCONSUMER GOODS
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCORPORATE DEBTS
dc.subjectCORRUPTION
dc.subjectCREDIT CARD
dc.subjectCREDIT CRUNCHES
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATING
dc.subjectCURRENT ACCOUNT
dc.subjectDEBT RATIO
dc.subjectDEBT SERVICE
dc.subjectDEBT STOCK
dc.subjectDEFAULTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDIFFERENTIAL TAXATION
dc.subjectDISABLED
dc.subjectDISBURSEMENTS
dc.subjectDISCOURAGED WORKERS
dc.subjectDOMESTIC BORROWINGS
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDURABLE
dc.subjectDURABLE EQUIPMENT
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC REFORMS
dc.subjectECONOMIC RESEARCH
dc.subjectEMPLOYERS
dc.subjectEQUIPMENT PURCHASES
dc.subjectEQUITY RATIO
dc.subjectEXCHANGE COMMISSION
dc.subjectEXCHANGE RATE
dc.subjectEXCISE TAXES
dc.subjectEXPATRIATE
dc.subjectEXPATRIATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORTERS
dc.subjectEXTERNAL DEBT
dc.subjectFAMILIES
dc.subjectFAMILY INCOME
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFINANCIAL ACCOUNT
dc.subjectFINANCIAL ACCOUNTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET PARTICIPANTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STATEMENTS
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN FINANCING
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN PORTFOLIO INVESTMENT
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEFICIT
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS VALUE
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectHOST COUNTRIES
dc.subjectHOUSEHOLD INVESTMENT
dc.subjectHOUSEHOLDS
dc.subjectINCOME TAX
dc.subjectINDEXATION
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFORMAL WORKERS
dc.subjectINFORMATION SYSTEM
dc.subjectINPUT PRICES
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSURANCE
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTEREST BURDEN
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIAL
dc.subjectINTEREST RATE REGIME
dc.subjectINTEREST RATE VOLATILITY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT SPENDING
dc.subjectJOB CREATION
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR FORCE SURVEY
dc.subjectLABOR MARKET
dc.subjectLEVY
dc.subjectLIABILITY
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN PORTFOLIO
dc.subjectLOW INTEREST RATE
dc.subjectLOW INTEREST RATES
dc.subjectM3
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET PRICES
dc.subjectMATURITY
dc.subjectMINIMUM WAGE
dc.subjectMONETARY POLICY
dc.subjectMONEY SUPPLY
dc.subjectMORAL HAZARDS
dc.subjectMORTGAGES
dc.subjectNATIONAL INCOME
dc.subjectNET EXPORTS
dc.subjectNET WORTH
dc.subjectNON-PERFORMING LOANS
dc.subjectOPEN MARKET
dc.subjectOPEN MARKET OPERATIONS
dc.subjectPAYMENT SYSTEM
dc.subjectPERSONAL INCOME
dc.subjectPHYSICAL CAPITAL
dc.subjectPLEDGES
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INFLOWS
dc.subjectPRICE INCREASES
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE INVESTMENT
dc.subjectPROPERTY RIGHTS
dc.subjectPROPERTY TAX
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SPENDING
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE LENDING
dc.subjectREAL ESTATE LOANS
dc.subjectREAL PROPERTIES
dc.subjectRECESSION
dc.subjectRED TAPE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectSALES GROWTH
dc.subjectSECURE PROPERTY RIGHTS
dc.subjectSECURITIES
dc.subjectSHORT TERM INTEREST RATE
dc.subjectSMALLHOLDERS
dc.subjectSOCIAL DEVELOPMENTS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET INDEX
dc.subjectSTOCK MARKETS
dc.subjectSTOCKS
dc.subjectT-BILL
dc.subjectT-BILL RATES
dc.subjectT-BOND
dc.subjectTAX
dc.subjectTAX CODE
dc.subjectTAX COLLECTION
dc.subjectTAX EXPENDITURES
dc.subjectTAX INCENTIVES
dc.subjectTAX POLICY
dc.subjectTAX RATES
dc.subjectTAX REGIME
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTERM DEPOSIT
dc.subjectTOTAL DEBT
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADE FACILITATION
dc.subjectTRADE SECTORS
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectURBAN AREAS
dc.subjectVALUE ADDED
dc.subjectVULNERABLE PEOPLE
dc.subjectWAGES
dc.subjectWITHDRAWAL
dc.titlePhilippine Economic Update : Accelerating Reforms to Meet the Jobs Challenge

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