Sunday, September 7, 2008

Fiscal Dictatorship


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The Scarcity of Fiscal Democracy in Post-EDSA Philippines

By James Matthew Miraflor
Researcher, Debt and Public Finance Campaign
Freedom from Debt Coalition


The Post-EDSA regimes are usually contrasted with the undemocratic rule of late strongman Ferdinand Marcos. An important testament to this claim of post-EDSA democracy is the so-called “power of the purse” – the power to allocate national resources – granted to the legitimate proxies of the people, the elected members of House of Representatives. This is supposed to be a marked divergence from the Marcosian authoritarian power over the budget, a power that was eventually wielded for crony-patronage and dreams of grandeur.