Franklin

Republic of the Marshall Islands [electronic resource] : Selected Issues and Statistical Appendix.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2008.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 08/186.
IMF Staff Country Reports; Country Report No. 08/186
Format/Description:
Government document
Book
1 online resource (36 p.)
Local subjects:
Annual budget.
Budget revenues.
Economic indicators.
Fiscal adjustment.
Fiscal balance.
Fiscal consolidation.
Fiscal management.
Fiscal position.
Fiscal surplus.
Fiscal surpluses.
Fiscal sustainability.
Long-term fiscal sustainability.
Selected issues.
Statistical annexes.
Tax reforms.
Tax revenues.
Marshall Islands.
Saint Lucia.
Taiwan Province of China.
United States.
Summary:
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.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451825943:
9781451825947
ISSN:
1934-7685
Publisher Number:
10.5089/9781451825947.002
Access Restriction:
Restricted for use by site license.
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