The country’s weak investment climate, the IMF official said, could be strengthened by improving health and education outcomes and labor market efficiency, and creating strong institutions. Singh also mentioned that government revenue in the Philippines is low compared to other Asian countries. “There is a need for higher government revenue to raise public investment,” he said. He also recommended raising revenue by increasing the country`s tax base. “Get rid of exemptions that restrict the tax base by increasing and improving tax administration,” he said.
IMF urges Phl to pursue more structural reforms
