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What fiscal challenges does the "Build, Build, Build" program pose for the Philippines? Decreased reliance on borrowing No impact on fiscal challenges Over-reliance on borrowing Improved infrastructure without financial implications What should policymakers do to ensure effective public finance management? Ignore the outcomes of reforms Avoid adjustments to public finances Continually assess the outcomes of reforms and make adjustments as need Implement reforms without evaluation How are governments advised to balance short-term relief measures and long-term fiscal discipline? By ignoring short-term relief measures By prioritizing short-term relief measures over long-term fiscal discipline By striking a delicate balance By focusing solely on long-term fiscal discipline What role do digital platforms and blockchain technologies play in public finance? Enhancing transparency and reducing corruption Increasing debt levels Promoting income inequality Negatively impacting environmental considerations How does enhanced tax compliance contribute to the impact of public finance reforms? By reducing economic growth By discouraging business expansion By boosting overall revenue collection By increasing tax rates What is the growing awareness that has prompted a shift towards green finance? Economic growth Environmental issues Technological advancements Political stability What is a focus of public finance reforms in terms of expenditure rationalization? Increasing inefficiency in public spending Ensuring resources are allocated to priority areas Ignoring budgetary processes Eliminating strategic planning How has the COVID-19 pandemic impacted public finances globally? * Reduced healthcare spending Decreased fiscal deficits Increased fiscal pressures with healthcare spending and economic stimulus packages Improved debt sustainability What challenge does persistent income inequality pose to public finance? * It promotes fiscal discipline It encourages economic incentives It requires tax policies promoting equitable wealth distribution It has no impact on public finance What is a key component of green finance in public finance strategies? * Tax evasion Sustainable development financing Increased fossil fuel subsidies Limited consideration for environmental factors