Fiscal policy of the Philippines Central Bank, allowing the peso, for the first time ever, to close even stronger at the end of a presidential term than at the start. 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
A Word to the People A Word to the People "A Word to the People" (Russian: «Слово к народу») was an open letter signed by twelve Soviet public figures. The declaration was published in "Sovetskaya Rossiya" (a newspaper that expressed anti-perestroika views) on 23 July 1991. The signers included writers Yuri Bondarev, Valentin Rasputin and Alexander Prokhanov, singer Lyudmila Zykina, war generals Valentin Varennikov and Boris Gromov, sculptor Vyacheslav Klykov, scientist and politicians Gennady Zyuganov, Vasily Starodubtsev, and . The authors of the writing appealed to the citizens of the country, severely criticizing the policies of Mikhail Gorbachev and Boris Yeltsin, and they pleaded to