It is necessary to re - examine the standard national accounting techniques in order to accurately identify and include environmental concerns into macroeconomic analyses and policy formulation. The commonly used measure for growth is the gross domestic product (GDP), of which a number of shortcomings have been raised, e.g., neglect of explicit distribution, and most important ly, environmental degradation and natural resource depletion. To overcome this shortcoming in the currentl y used accounting system, there is a need to come up with a System of National Accounts (SNA) that yields environmentally adjusted net domestic products. The United Nations has developed a framework referred to as the System of Integrated Environmental and Economic Accounting (SEEA). Its objective is to integrate environmental data sets with the existing national accounts information, while maintaining SNA concepts and principles (Munasinghe, 1993).
This study looks into the existing stocks of water resources in the country and measures the usage of, additions into, and withdrawals from, those stocks, i.e., the determination of both the natural supply and consumption patterns. Accounting for the water resources will identify the areas of possible dep letion, as well as the degradation of water quality , factors that will have impacts on the country’s development plans and on the people’s welfare.
|Source Institution||National Statistical Coordination Board|
|Place of Publication||Quezon City|
|Original Publication Date|