Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Asia and Pacific > Kiribati

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

  • Type: Journal Issue x
  • Energy: General x
Clear All Modify Search
Cover IMF Working Papers
Managing Revenue Volatility in a Small Island Economy: The Case of Kiribati
Miss Catriona Purfield
The formulation of fiscal policy in Kiribati faces unusual challenges. Kiribati's revenue base is among the most volatile in the world, and it possesses sizeable financial assets. Drawing on lessons from some other countries who experience high volatility in their revenues, this paper proposes a fiscal policy rule for Kiribati which is nested within a medium-term macroeconomic framework that aims to ensure the sustainable use of Kiribati's financial assets while managing the impact of extreme revenue volatility. It also discusses improvements in the institutional fiscal policy framework that could support such a framework.
Keywords:
WP; RERF assets; RERF drawdown; annual budget; budget law; fishing license fee; nominal rate; RERF sustainability