Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272882 
Year of Publication: 
2022
Series/Report no.: 
ADBI Working Paper No. 1339
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
With economies around the world facing more dire challenges as an immediate result of the COVID-19 pandemic, the need for national governments to borrow funds has grown. The abrupt increase in debt level highlights the importance of implementing suitable models to project emerging debt scenarios and assessing debt sustainability. Given that sustainable debt levels vary from country to country, this study applied the IMF's Debt Sustainability Analysis to assess the Philippines' debt burden over time to be used as an input in the construction of a debt index tracker that incorporates other relevant fiscal and economic indicators. The index tracker serves as an aggregate barometer on whether debt levels have breached the sustainable threshold level. Furthermore, the study will utilize the debt tracker to show the implicit debt ceiling and the available fiscal policy room that can respond to the next potential shock.
Subjects: 
debt sustainability
Debt Index tracker
sustainable debt threshold level
implicit debt ceiling
available fiscal space
JEL: 
H63
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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