Fiscal policy of the Philippines Fiscal policy of the Philippines Fiscal policy refers to the "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals." In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there have been improvements in the last few years. The Philippine government’s main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt, the Philippines relies on both domestic and external
Word sense of a word are related to each other within a semantic field. A common pattern is that one sense is broader and another narrower. This is often the case in technical jargon, where the target audience uses a narrower sense of a word that a general audience would tend to take in its broader sense. For example, in casual use "orthography" will often be glossed for a lay audience as "spelling", but in linguistic usage "orthography" (comprising spelling, casing, spacing, hyphenation, and other punctuation) is a hypernym of "spelling". Besides jargon, however, the pattern is common even in general vocabulary.