Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This 2006 Article IV Consultation highlights that real GDP in the Federated States of Micronesia grew by only 1½ percent in FY2005 and declined by nearly 1 percent in FY2006. The underlying fiscal situation has deteriorated, despite a decline in the overall deficit. Executive Directors have recommended that spending cuts and comprehensive tax reforms be phased in to secure fiscal sustainability. Priority should be given to reducing the public sector wage bill, which is large by regional standards, possibly in the context of a broad reform of the public sector.

Finance --- Fiscal policy --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Funding --- Funds --- Economics --- Currency question --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Micronesia (Federated States) --- Federated States of Micronesia --- FSM --- Mikronezii Federativnye Shtaty --- Mikronezii︠a︡ (Federated States) --- Federasi Mikronesia --- Gefedereerde State van Mikronesië --- Mikronesië (Federated States) --- Föderierte Staate vo Mikronesie --- Estatos Federatos de Micronesia --- Estaos Federaos de Micronesia --- Tetãvorekuéra Ñembyatypyre Mikyonésiagua --- Mikyonésiagua (Federated States) --- Mikroneziya Federativ Ştatları --- Mikroneziya (Federated States) --- Micronesia Liân-pang --- Микронезия Федератив Штаттары --- Mikronezii︠a︡ Federativ Shtattary --- Микронезия (Federated States) --- Федэратыўныя Штаты Мікранезіі --- Fedėratyŭnyi︠a︡ Shtaty Mikranezii --- Мікранезіі (Federated States) --- Mikranezii (Federated States) --- Maykronisya (Federated States) --- Федеративни щати Микронезия --- Federativni shtati Mikronezii︠a︡ --- Savezne Države Mikronezije --- Mikronezije (Federated States) --- Stadoù Kevreet Mikronezia --- Mikronezia (Federated States) --- Микронези (Federated States) --- Mikronezi (Federated States) --- Estats Federats de Micronèsia --- Микронезин Федеративлă Штачĕсем --- Mikronezin Federativlă Shtachĕsem --- Pederadong Estados sa Micronesia --- Federativní státy Mikronésie --- Federados Estados de Micronesia --- Taleithiau Ffederal Micronesia --- Mikronesien (Federated States) --- Mikronesiens Forenede Stater --- Föderierte Staaten von Mikronesien --- Eʼeʼaahjí Tónteel Bikáaʼdi Kéyah Ałhidadiidzooígíí --- Mikroneesia Liiduriigid --- Mikroneesia (Federated States) --- Ομόσπονδες Πολιτείες της Μικρονησίας --- Omospondes Politeies tēs Mikronēsias --- Μικρονησία (Federated States) --- Mikronēsia (Federated States) --- Estados Federados de Micronesia --- Federacio de Mikronezio --- Federaciaj Ŝtatoj de Mikronezio --- Estaus Federaus de Micronésia --- Mikronesiako Estatu Federatuak --- ミクロネシア連邦 --- Mikuroneshia Renpō --- Mikuroneshiarenpō --- Staat Mikronesien --- Economic conditions. --- Banks and Banking --- Budgeting --- Macroeconomics --- Public Finance --- Industries: Financial Services --- Money and Monetary Policy --- National Budget --- Budget Systems --- Taxation, Subsidies, and Revenue: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Institutions and Services: General --- Fiscal Policy --- Aggregate Factor Income Distribution --- Budgeting & financial management --- Public finance & taxation --- Banking --- Public ownership --- nationalization --- Extra-budgetary funds --- Revenue administration --- Commercial banks --- Multilateral development institutions --- Public financial management (PFM) --- Financial institutions --- Income --- National accounts --- Budget --- Revenue --- Banks and banking --- Development banks --- Micronesia, Federated States of --- Nationalization