A nation's economy is managed in large part through fiscal policy. It is a central bank's secondary tool for influencing a country's money supply after monetary policy. Unfortunately, not everyone is affected equally by any fiscal policy. One of the Philippines' most pressing development concerns is economic inequality. With the Philippines as the case subject, this paper assessed and investigated the fiscal equity of the country’s government procedure and its predicted response to debt through the distributional impacts of its fiscal policy and its public debt management and government bond markets, respectively. The researchers used the PRISMA method in conducting the study. To find potential citations, the researchers searched the internet, in particular Google Scholar, to gather data. Based on the analysis conveyed, the researchers found inequality among various populations in the Philippines. Yet, fiscal measures are essential in eliminating inequality. The national government must avoid bunching up on maturities and ensure its cash flows will cover future liabilities as they arise.