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Philippines ECONOMIC PLANNING AND POLICY
The Philippines has traditionally had a private enterprise
economy both in policy and in practice. The government intervened
primarily through fiscal and monetary policy and in the exercise
of its regulatory authority. Although expansion of public sector
enterprises occurred during the Marcos presidency, direct state
participation in economic activity has generally been limited.
The Aquino government set a major policy initiative of
consolidating and privatizing government-owned and
government-controlled firms. Economic planning was limited
largely to establishing targets for economic growth and other
macroeconomic goals, engaging in project planning and
implementation, and advising the government in the use of capital
funds for development projects.
Data as of June 1991
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