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[THREAD: What is the size of the Philippine coronavirus response?]
Our @covidbudgetph team tries to compute this in the Pillars Tab of our google sheet http://bit.ly/holdpowertoaccount.
PLEASE HELP US verify our findings. Please critique our methodology via ccbt-ph@googlegroups.com.
Our @covidbudgetph team tries to compute this in the Pillars Tab of our google sheet http://bit.ly/holdpowertoaccount.
PLEASE HELP US verify our findings. Please critique our methodology via ccbt-ph@googlegroups.com.
2/ DOF reports P1.7 T (9.4% of GDP) in monetary and fiscal action.
But budget analysts have said that this total adds sources of financing (water) with budget items (bucket).
But budget analysts have said that this total adds sources of financing (water) with budget items (bucket).
3/ Our estimates of government spending that needs cash:
A. P506 B (2.7% of GDP) in planned government spending using the DOF presentation
B. P380 B (2.0% of GDP) in planned spending under the Bayanihan Act
C. P151 B (0.8% of GDP) in actual spending under the Bayanihan Act
A. P506 B (2.7% of GDP) in planned government spending using the DOF presentation
B. P380 B (2.0% of GDP) in planned spending under the Bayanihan Act
C. P151 B (0.8% of GDP) in actual spending under the Bayanihan Act
4/ Our estimates of PHL macro response:
D. P822 B (4.4% of GDP) in fiscal action, including foregone revenues
E. P533 B (2.9% of GDP) in monetary actions by the central bank (rate cuts and bond repurchase)
F. P1.4 T (7.8% of GDP) in cash sources (revenues + debt - debt payments)
D. P822 B (4.4% of GDP) in fiscal action, including foregone revenues
E. P533 B (2.9% of GDP) in monetary actions by the central bank (rate cuts and bond repurchase)
F. P1.4 T (7.8% of GDP) in cash sources (revenues + debt - debt payments)
5/ Estimates of pillar-size are based on the 19 May 2020 DOF presentation to the Senate.
These can be found in Tab 1b - Pillars of http://bit.ly/holdpowertoaccount.
WE NEED HELP confirming these estimates.
PLEASE CRITIQUE OUR METHODOLOGY and send us a note via ccbt-ph@googlegroups.com.
These can be found in Tab 1b - Pillars of http://bit.ly/holdpowertoaccount.
WE NEED HELP confirming these estimates.
PLEASE CRITIQUE OUR METHODOLOGY and send us a note via ccbt-ph@googlegroups.com.
