Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Palau, Republic of x
  • International Economics x
  • Expenditures, Public x
  • Marshall Islands, Republic of the x
  • Books and Analytical Papers x
  • Western Hemisphere x
  • Industry and industrial studies x
  • Fiscal sector x
Clear All Modify Search
International Monetary Fund
Real output growth of the Republic of the Marshall Islands appears to have slowed sharply in FY2003 and again in FY2004. The 2005 Article IV Consultation highlights that the economic activity has been hampered by delays in implementing an upgraded public works program and the closure of a large privately owned tuna processing plant. The fiscal position deteriorated in FY2004. This deterioration reflects, on the revenue side, a decline in grants aimed at infrastructure projects owing in part to delays in initiating projects, lower income tax collection, and volatility in nontax revenue.