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Downsizing Government

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Information about Downsizing Government
Education

Published on October 21, 2008

Author: masterR1

Source: authorstream.com

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DOWNSIZING IN TIMES OF FISCAL DISTRESS : DOWNSIZING IN TIMES OF FISCAL DISTRESS Discussion on government reorganization PA 208 Class (Dr. P. De Vera III), UP-NCPAG Rapporteur/Discussant: Ernesto E. Tomas Jr. July 24, 2008 Contents : Contents Context of the 2004 UP- NCPAG Forum on Reorganization The Fiscal Crisis The Government EO 366 (and its predecessors) The Debt and Fiscal Crisis : The Debt and Fiscal Crisis Early after her takeover, President Arroyo faced the fiscal challenge. The country’s credit rating went down to negative between 2001-2003 (S&P, Fitch, Moodys, UB of Switzerland, PERC) Reasons included the political uncertainty (EDSA- 2½, constant threat of coup d’ etat) And the continuing fiscal drought, or the decreasing trend in the collection of revenues. FY 2002 registered the lowest collection in history with 11.5 tax-GDP ratio. Admission of Camacho of the debt problem and the fiscal crisis. About the Fiscal Crisis : About the Fiscal Crisis Revenue side Tax-GDP ratio from 17% in 1997 to 11.5% in 2002. Increasing cost of debts (rising interest rates due to negative ratings) Spending side Spending “crunch”, i. e. Government budget (17-18% of GDP) is getting smaller every year in real terms (inflation adjusted). Cuts in major services like health and social welfare. About the Fiscal Crisis (accdg. to the lead actor) : About the Fiscal Crisis (accdg. to the lead actor) Yes, we are in a fiscal crisis. We are in a fiscal crisis because we got this large deficit that over time has compressed our expenditures, particularly for capital outlay, which is what allows government to shape our future. Government has lost that ability to shape our future because of our fiscal situation. Because of our fiscal deficit, that has been deteriorating since the mid-1990s. We’ve also accumulated this huge debt that is beginning not only to eat up our own yearly budget but is also creating a sense of concern. That could eventually lead to a problem of confidence. – Sec. Jose Isidro Camacho’s speech to the Makati Business Club, December 11, 2003. About the Government : About the Government The Government is . . . : The Government is . . . A TRILLION PESO industry National Budget for 2008 PhP 1.3 trillion National Government Loan Outstanding (liabilities) amount to PhP 4.2 trillion (-P50,000/Filipino) Public Sector Debt is PhP 7.5 trillion in 2004 (143% of GNP), the latest is PhP 5 trillion in end-September 2007 (Data source: BTreasury, DOF) Cost of Government Personnel (2000-06)30%-35% of the National Budget, 30%-90% of LGUs(Source: Philippine Statistical Yearbook, various years.) : Cost of Government Personnel (2000-06)30%-35% of the National Budget, 30%-90% of LGUs(Source: Philippine Statistical Yearbook, various years.) Inventory of Government Personnel, 1990-1999 (Source: Governance Assessment of the Philippines, 2001) : Inventory of Government Personnel, 1990-1999 (Source: Governance Assessment of the Philippines, 2001) Highest paid government officials in 2001 (COA report on GOCCs, 2001. Story ran by Manila Times, Sept 2004 series) : 1. Ma. Livia Singson-De leon - chair of the Philippine Charity Sweepstakes Office (PCSO), PhP9.855 million in salaries and benefits. 2. Remedios Macalincag - president of the Development Bank of the Philippines (DBP), PhP 6.294 million. 3. Virgilio Angelo - general manager, Philippine Charity Sweepstakes Office (PCSO), PhP6.5 million.4. Lilia Bautista - chair of the Securities and Exchange Commission (SEC), PhP4.24 million. 5. Rodrigo Supena - senior vice-president, Land Bank of the Philippines (LBP), PhP4.06 million. 6. Ricardo Golpeo - general manager, Philippine Charity Sweepstakes Office (PCSO), PhP4.13 million. 7. Edgardo Garcia - chief operating officer, Development Bank of the Philippines (DBP), PhP3.84 million. 8. Margarito Teves - as chair, People's Credit and Finance Corporation (PCFC) PhP3.816 million. 9. Horacio Templo - executive vice-president, Social Security System (SSS), PhP3.662 million. 10. Jesus Diaz - executive vice-president, Land Bank of the Philippines (LBP), PhP3.56 million. Highest paid government officials in 2001 (COA report on GOCCs, 2001. Story ran by Manila Times, Sept 2004 series) Officials of GOCCs and GFIs as the top 10 earners (COA report on GOCCs, 2002. Story ran by Manila Times, Sept 2004 series). : 1. Sergio Apostol - chair, Philippine National Oil Co. - Energy Development Corporation (PNOC-EDC), PhP9.2 million. 2. Edgardo Garcia - chief operating officer, Development Bank of the Philippines (DBP), PhP7.478 million. 3. Rufino Bomasang - chief executive officer, Philippine National Oil Co. -Exploration Corporation (PNOC-EC), PhP6.12 million. 4. Victor Villar - senior executive vice-president, Development Bank of the Philippines (DBP), PhP6.056 million. 5. Thelmo Cunanan - chair and chief executive officer, Philippine National Oil Co. (PNOC), PhP6.052 million. 6. Panser Tumangan - senior executive vice-president, Development Bank of the Philippines (DBP), PhP5.91 million. 7. Elizabeth Ong - executive vice-president, Development Bank of the Philippines (DBP), PhP5.87 million. 8. Winston Garcia - president and general manager, Government Service Insurance System (GSIS), PhP5.6 million. 9. Rolando Geronimo - executive vice-president, Development Bank of the Philippines (DBP), Php5.5 million 10. Vivencio Macapagal - executive vice-president, Development Bank of the Philippines (DBP), PhP5.28 million. Officials of GOCCs and GFIs as the top 10 earners (COA report on GOCCs, 2002. Story ran by Manila Times, Sept 2004 series). Executive Order No. 366, series of 2004 : Executive Order No. 366, series of 2004 Issued in October 2004 by GMA EO 366, October 4, 2004. : EO 366, October 4, 2004. Also known as The Rationalization Program is a move to transform the Executive Branch into a more effective and efficient government. It aims to: Focus government efforts on its vital functions and channel government resources to these core public services; Improve the efficiency of government services, within affordable levels, and in the most accountable manner. -From the DBM Primer on EO#366 The Rationalization Government’s Many Attempts to Reorganize (1946- present) : Government’s Many Attempts to Reorganize (1946- present) End of presentation. : End of presentation. Thank you.

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