Question: Answer and Explain in Philippine's Context based on the given reference, still you can read other references. reference: https://drive.google.com/file/d/1-Nqj6YmV7gOED1u4D5N3R-qUZDRPx6fi/view?usp=sharing 1. There were two major tax

Answer and Explain in Philippine's Context based on the given reference, still you can read other references.

reference: https://drive.google.com/file/d/1-Nqj6YmV7gOED1u4D5N3R-qUZDRPx6fi/view?usp=sharing

1. There were two major tax reforms took place during the late quarter of the century. What do you think were the lessons that the government learned from this experience?

2. With deficits increasing and spending in public services and human resources declining, What triggered the Philippines' weak fiscal performance in the last few years? Is this the result of unfortunate events, macroeconomic shocks or fiscal policy misdirected?

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