00000caa a22000003i 4500 UP-1685594773862408537 Buklod 20250805150547.0 m | | ta 250805s2014 xx r |||| u|eng d 16551516 (iLib)UPBAG-00039569157 BAG rda eng ARTICLE-2892 Diokno, Benjamin E. author. Recent Philippine budget reforms separating the chaff from the grain, the whimsical from the real Benjamin E. Diokno. [Quezon City] School of Economics, University of the Philippines 2014. Pages 60-83 23 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references. The budget rules enshrined in the Philippine Constitution are fiscally sound. When adhered to they make budget deficits easier to manage. Many policymakers, however, have chosen to ignore these rules. On the long list of budget reforms proposed in the past quarter-century, two emerge as real game changers: the Fiscal Responsibility Act and the Results-Based Multiyear Budget Framework, both of which require legislation. An important reform not on the list, however, is the proposal to limit the president's power to defer, rescind, or reserve expenditure of appropriations authorized by Congress. This is a major challenge in a country where the president is strong while Congress is weak. Budget process Philippines. Budget Law and legislation Philippines. Philippines Appropriations and expenditures Political aspects. The Philippine review of economics Vol. 51, no. 1 (June 2014), p. 60-83. FI UPBAG UPBAG-MAIN ARTICLE-2892 Analytics