GLOBAL & PUBLIC FINANCE
Fiscal policies of governments mainly involve revenues and expenditures. JSAPMDD considers these two areas of fiscal policy important for obvious reasons – we need to examine whether governments equitably source funds and whether public spending is in keeping with people’s needs.
The Philippines today counts among several Asian countries with the highest levels of illicit financial flows globally. Traced largely to various types of trade misinvoicing, these flows represent billions of lost and foregone tax revenues critical to developing countries such as the Philippines.
