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
Four-letter word Four-letter word The phrase four-letter word refers to a set of English-language words written with four letters which are considered profane, including common popular or slang terms for excretory functions, sexual activity and genitalia, terms relating to Hell or damnation when used outside of religious contexts or slurs. The "four-letter" claim refers to the fact that a large number of (but not all) English "swear words" are incidentally four-character monosyllables. This description came into use during the first half of the twentieth century. Common four-letter words (in this sense) that are widely considered vulgar or offensive to a notable degree