Fiscal management is the process of properly and effectively managing pecuniary resources of an organization. Resources, whitethorn it be scarce or abundant, should be utilize wherefore to the needs of any organization for resources should be preserved for nonstop existence and future needs.
Our country in its current fiscal state is in need of resources in order to motivate and boost its economic growth. A healthy and stable deliverance means a better livable reason to from each one and every Filipinos. Other countries will tell that our country is lie on a fortune of resources from natural to human resources. I also believe that we have vast resources to be utilized which remain untapped. But much was also put into bumble because of poor utilization. As they say, we spoil and will continue to fail with our kind of fiscal management.
Much of the countrys economic growth depends on our pecuniary capability to provide resources in all our needs. The policy directions we had at the start of 1990s were intended to induce economic growth only when the seeds of incentives and tariff reductions were aborted by a storm of the 1997 Asian financial crisis. But it provided a lesser impact in our delivery compared to our Asian neighbors.
I believe that if we want a better condition for Filipinos then every citizen is duty bound to contribute with the take a breather of other stakeholders and institutions. The unifying effort must be do starting from budget preparations for the line of descent utilization and to payment and sourcing of revenues for fund generation. I strongly believe that our country needs a comprehensive package of policy directions, a non-partisan and apolitical legislation, administrative measures to enhance tax collection and commitment to good governance to include citizens active participation.
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