[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">https://bit.ly/holdpower... 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).

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

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)

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">https://bit.ly/holdpower... NEED HELP confirming these estimates.

PLEASE CRITIQUE OUR METHODOLOGY and send us a note via ccbt-ph@googlegroups.com.