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Economic policy and planning (general) --- Pakistan --- Indonesia --- Marshall Islands

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United States. --- Appropriations and expenditures. --- United States --- Marshall Islands --- Micronesia --- Foreign economic relations

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United States. --- Appropriations and expenditures. --- United States --- Marshall Islands --- United States --- Micronesia --- Foreign economic relations --- Foreign economic relations --- Foreign economic relations --- Foreign economic relations

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Real property tax --- Submerged lands --- Land titles --- Law and legislation --- Registration and transfer --- Micronesia (Federated States) --- United States --- Marshall Islands --- Foreign relations --- Real property and taxation --- Micronesia (federated states) --- Business & economics --- Nature --- Law --- History --- Political science

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This Selected Issues paper outlines economic developments in the Republic of the Marshall Islands (RMI) since independence in 1986, focusing on the challenges posed by dependence on foreign grants, and progress toward achieving budgetary self-reliance. Like most other Pacific islands, the RMI faces a variety of geographical constraints, including limited land area, poor soil, the dispersion of the islands, and the remoteness from major markets. The public sector plays a dominant role in the economy, backed by external assistance. The private economy remains underdeveloped, primarily providing services to the government.

Budgeting --- Labor --- Macroeconomics --- Public Finance --- National Budget --- Budget Systems --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: General --- Wages, Compensation, and Labor Costs: General --- Aggregate Factor Income Distribution --- Budgeting & financial management --- Public finance & taxation --- Labour --- income economics --- Extra-budgetary funds --- Revenue administration --- Expenditure --- Wages --- Income --- Public financial management (PFM) --- National accounts --- Budget --- Revenue --- Expenditures, Public --- Marshall Islands, Republic of the