2004 Philippine fiscal crisis

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:cause political instability
budget deficit
high public debt
low tax collection
gptkbp:country gptkb:Philippines
gptkbp:financeSecretaryDuringCrisis Juanita Amatong
https://www.w3.org/2000/01/rdf-schema#label 2004 Philippine fiscal crisis
gptkbp:mediaCoverage gptkb:Philippine_Daily_Inquirer
gptkb:ABS-CBN_News
gptkbp:notableEvent credit rating downgrade
calls for fiscal reforms
gptkbp:presidentDuringTerm gptkb:Gloria_Macapagal_Arroyo
gptkbp:resultedIn public sector spending cuts
Expanded Value Added Tax (E-VAT) law
implementation of new tax measures
increased government borrowing
gptkbp:startDate 2004
gptkbp:bfsParent gptkb:Maria_Gloria_Macaraeg_Macapagal
gptkbp:bfsLayer 7