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ISBN: 9789715617086 Year: 2008 Publisher: Manila Asian Development Bank
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ISBN: 9789715617291 Year: 2008 Publisher: Manila Asian Development Bank
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ISBN: 1462397786 1452797862 1280889527 9786613730831 1451985916 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,
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The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve growth prospects. Recent economic performance has been lackluster. Exports have been held back mainly by structural problems. The fiscal position has improved in FY2006, but the overall balance has been slightly negative at about ½ percent of GDP.
Banks and Banking --- Budgeting --- Exports and Imports --- Macroeconomics --- Industries: Financial Services --- National Budget --- Budget Systems --- Institutions and the Macroeconomy --- Fiscal Policy --- International Lending and Debt Problems --- Current Account Adjustment --- Short-term Capital Movements --- Budgeting & financial management --- International economics --- Banking --- Financial services law & regulation --- Finance --- Extra-budgetary funds --- Structural reforms --- Fiscal consolidation --- External debt --- Current account --- Public financial management (PFM) --- Macrostructural analysis --- Fiscal policy --- Balance of payments --- Budget --- Debts, External --- Marshall Islands, Republic of the
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ISBN: 1462370543 1452795843 1280882913 9786613724229 145198605X Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,
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The strategy that has the best chance of allowing the Republic of Marshall Islands (RMI) to achieve fiscal sustainability after FY2023 involves substantial fiscal consolidation. The alternative (policy action) scenario involves a substantial fiscal adjustment starting in FY2009. Projections show that this strategy can succeed in achieving budgetary self-sufficiency. Fiscal consolidation will be difficult, and will have to be accompanied by structural reforms to improve real growth. Substantial fiscal consolidation in the short term is necessary to achieve budgetary self-sufficiency after 2023.
Budgeting --- Investments: General --- Macroeconomics --- Public Finance --- Taxation --- Taxation, Subsidies, and Revenue: General --- Fiscal Policy --- National Budget --- Budget Systems --- Investment --- Capital --- Intangible Capital --- Capacity --- Wages, Compensation, and Labor Costs: General --- Aggregate Factor Income Distribution --- Public finance & taxation --- Budgeting & financial management --- Labour --- income economics --- Revenue administration --- Extra-budgetary funds --- Fiscal consolidation --- Tax administration core functions --- Fiscal sustainability --- Public financial management (PFM) --- Fiscal policy --- Revenue --- Budget --- Tax administration and procedure --- Saving and investment --- Income --- Marshall Islands, Republic of the
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