January 24th, 2011 
Amber Cook 
In the face of the increasingly alarming global economic crisis, the Philippine government, as the institutional embodiment of the sovereign authority of the Filipino people, is challenged to fulfill its constitutional mandate to protect the general welfare.
Debates over what government must do to save the economy are happening almost everywhere, from public offices and school classrooms to wet markets and barber shops. It is argued that it is through its fiscal administrative power that government attempts to resuscitate the dying economy.
Public fiscal administration generally refers to the formulation, implementation and evaluation of policies and decisions on taxation and revenue administration; resource allocation, budgeting and public expenditure; public borrowings and debt management; and accounting and auditing (Briones 1983:2).
The hope of seeing real economic progress seems to be dependent on the success of the whole fiscal policy process.
Tags: Challenging Economic, Economic