International Monetary Fund. Asia and Pacific Dept
This 2016 Article IV Consultation highlights that Kiribati’s recent economic performance has been strong. Growth is estimated to have reached 3.5 percent in 2015, supported by record-high fishing revenue, donor-financed infrastructure projects, and reconstruction in the aftermath of cyclone Pam. The fiscal position has improved markedly in recent years. High fishing revenue contributed to a recurrent fiscal balance of almost 50 percent of GDP in 2015, more than offsetting the increase in recurrent government spending of 13 percent. Growth is projected to moderate somewhat to about 3 percent in 2016, while inflation remains subdued owing to low food and commodity prices.
This report presents data provided by the authorities during 2005–09, which include Kiribati's contributions to GDP growth and gross national product. It provides a summary of central government's operations, revenue 2005–09, central government expenditure (functional and economic classifications), salary structure 2004–08, and budgetary subsidies to public enterprises. Details of assets and the liabilities of the Development Bank of Kiribati, provident funds, ANZ bank's balance sheets and interest rates, and composition of exports and imports are also mentioned. It shows services and income, external grants, and external assets and liabilities as well.