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Menominee Indians --- Peleliu, Battle of, Palau, 1944 --- World War, 1939-1945 --- Wolves --- Human-animal relationships. --- Animal-human relationships --- Animal-man relationships --- Animals and humans --- Human beings and animals --- Man-animal relationships --- Relationships, Human-animal --- Animals --- Canis --- Algonquian Indians --- Indians of North America --- European War, 1939-1945 --- Second World War, 1939-1945 --- World War 2, 1939-1945 --- World War II, 1939-1945 --- World War Two, 1939-1945 --- WW II (World War, 1939-1945) --- WWII (World War, 1939-1945) --- History, Modern --- Peleliu Island (Palau), Battle of, 1944 --- Social life and customs. --- Campaigns --- Kaquatosh, Raymond C., --- United States. --- U.S. Marine Corps --- United States Marine Corps --- USMC --- Menominee Indian Reservation (Wis.) --- Wisconsin --- Menominee Reservation (Wis.) --- Menomonee Indian Reservation (Wis.) --- Menomonee Reservation (Wis.) --- USMC (United States Marine Corps)
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This Selected Issues paper describes Palau’s fiscal challenges and policy options to achieve long-term fiscal sustainability. Palau relies heavily on compact grants, and without continued fiscal consolidation over the medium term, the fiscal position will become unsustainable after these grants expire in FY2024. The fiscal sustainability analysis uses an intertemporal budget constraint model to show that reducing the current deficit excluding grants by about 8 percentage points of GDP during FY2014–19 would ensure Palau’s long-term fiscal sustainability. The paper also discusses the role of tourism in Palau and identifies policy priorities to further promote this sector and sustain growth.
Fiscal policy --- Tourism --- Holiday industry --- Operators, Tour (Industry) --- Tour operators (Industry) --- Tourism industry --- Tourism operators (Industry) --- Tourist industry --- Tourist trade --- Tourist traffic --- Travel industry --- Visitor industry --- Service industries --- National tourism organizations --- Travel --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Economic aspects --- Government policy --- Macroeconomics --- Public Finance --- Industries: Hospital,Travel and Tourism --- Fiscal Policy --- Sports --- Gambling --- Restaurants --- Recreation --- National Government Expenditures and Related Policies: General --- Taxation, Subsidies, and Revenue: General --- Hospitality, leisure & tourism industries --- Public finance & taxation --- Fiscal sustainability --- Fiscal consolidation --- Expenditure --- Economic sectors --- Expenditures, Public --- Revenue --- Palau, Republic of
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This 2014 Article IV Consultation highlights that after two years of strong expansion, growth is estimated at about zero percent in the fiscal year 2013 (FY2013, ending in September) in the Republic of Palau owing to declines in construction and tourism. Inflation moderated to 2¾ percent (annual average) in FY2013 thanks to stable international food and fuel prices, and it is expected to stay at about 3 percent in FY2014. Growth is projected to increase to 1¾ percent in FY2014 and to 2¼–2½ percent over the medium term driven by the recovery in tourism and infrastructure developments.
Economic development --- Fiscal policy --- Debts, Public --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Government policy --- Infrastructure --- Macroeconomics --- Public Finance --- Industries: Hospital,Travel and Tourism --- Business and Financial --- Fiscal Policy --- Sports --- Gambling --- Restaurants --- Recreation --- Tourism --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Public finance & taxation --- Hospitality, leisure & tourism industries --- Financial services law & regulation --- International economics --- Fiscal consolidation --- Revenue administration --- Public financial management (PFM) --- Economic sectors --- National accounts --- Revenue --- Saving and investment --- Palau, Republic of
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