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Real output growth of the Republic of the Marshall Islands appears to have slowed sharply in FY2003 and again in FY2004. The 2005 Article IV Consultation highlights that the economic activity has been hampered by delays in implementing an upgraded public works program and the closure of a large privately owned tuna processing plant. The fiscal position deteriorated in FY2004. This deterioration reflects, on the revenue side, a decline in grants aimed at infrastructure projects owing in part to delays in initiating projects, lower income tax collection, and volatility in nontax revenue.

Fiscal policy --- Finance --- Funding --- Funds --- Economics --- Currency question --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Government policy --- Marshall Islands --- Republic of the Marshall Islands --- R.M.I. --- RMI --- Aolepān Aorōkin M̧ajeļ --- Pulo-pulo Marshall --- Marshalleilande --- Republiek van die Marshalleilande --- Marshallinsle --- Republik Marshallinsle --- Islas Marshall --- Republica d'as Islas Marshall --- March·al --- Rèpublica des Iles March·al --- Islles Márxal --- República de les Islles Márxal --- Marşall adaları --- Marşall Adaları Respublikası --- Marshall Kûn-tó --- Marshall Kûn-tó Kiōng-hô-kok --- Маршалавы Астравы --- Marshalavy Astravy --- Рэспубліка Маршалавы Астравы --- Rėspublika Marshalavy Astravy --- Maršalska Ostrva --- Republika Maršalska Ostrva --- Inizi Marshall --- Republik Inizi Marshall --- Маршалови острови --- Marshalovi ostrovi --- Република Маршалови острови --- Republika Marshalovi ostrovi --- Illes Marshall --- República de les Illes Marshall --- Kapupud-ang Marshall --- Marshallovy ostrovy --- Republika Marshallovy ostrovy --- Ynysoedd Marshall --- Gweriniaeth Ynysoedd Marshall --- Marshalløerne --- Marshallinseln --- Republik Marshallinseln --- Marshalli Saared --- Marshalli Saarte Vabariik --- Νήσοι Μάρσαλ --- Nēsoi Marsal --- Δημοκρατία των Νήσων Μάρσαλ --- Dēmokratia tōn Nēsōn Marsal --- República de las Islas Marshall --- Marŝala Insularo --- Repúbrica de las Islas Marshall --- Marshall Uharteak --- Marshall Uharteetako Errepublika --- Marshalloyggjar --- Lýðveldið Marshalloyggjar --- Îles Marshall --- République des Îles Marshall --- Marshalleilannen --- Oileáin Marshall --- Ellanyn Varshyl --- Pobblaght ny h-Ellanyn Varshyl --- Eileanan Mharshall --- Illas Marshall --- República das Illas Marshall --- Маршал Арлин Орн --- Marshal Arlin Orn --- Maršalovi Otoci --- Republika Maršalovi Otoci --- Marshall Insuli --- Kepulauan Marshall --- Republik Kepulauan Marshall --- Маршаллы сакъадæхтæ --- Marshally sakʺadækhtæ --- Маршаллы Сакъадæхты Республикæ --- Marshally Sakʺadækhty Respublikæ --- Marshalleyjar --- Isole Marshall --- איי מרשל --- Iye Marshal --- マーシャル諸島 --- Māsharu Shotō --- Marshall Islands District (Pacific Islands) --- Economic conditions. --- Banks and Banking --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- Labor --- National Budget --- Budget Systems --- National Government Expenditures and Related Policies: General --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- Budgeting & financial management --- International economics --- Civil service & public sector --- Extra-budgetary funds --- Expenditure --- Public debt --- External debt --- Revenue administration --- Public financial management (PFM) --- Budget --- Expenditures, Public --- Debts, Public --- Debts, External --- Revenue --- Marshall Islands, Republic of the