Back Matter

ANNEX III.1 Summary of the Tax System as of January 1, 2005

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Table 1.

Federated States of Micronesia: Basic Data, FY1999-2004 1/

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Sources: Data provided by the FSM authorities; and Fund staff estimates.

Fiscal year ending September 30.

A price index for the FSM has been only available since FY2000. Data shown are for FSM from FY2000 onward. Prior to this, the U.S. CPI is used.

Estimated stock of domestic arrears in Chuuk and Pohnpei; end of period.

Cash and other liquid investments not reserved for specific uses.

Includes changes in reserves, valuation changes, and errors and omissions.

Government and public enterprise debt only.

Table 2.

Federated States of Micronesia: Gross Domestic Product, FY1999-2004 1/

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Sources: Data provided by the FSM authorities; and Fund staff estimates.

Fiscal year ending September 30.

U.S. CPI is used through FY1999 and FSM CPI is used FY2000 and onwards.

Table 3.

Federated States of Micronesia: GDP by State, FY1987-2004 1/

(In millions of U.S. dollars)

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Sources: FSM Department of Economic Affairs; estimates from the ADB’s Economic Management Policy Advisory Team (EMPAT); and Fund staff estimates.

Fiscal year ending September 30. Real GDP estimates are at FY1998 prices.

Includes National Government.

U.S. CPI is used through FY1999 and FSM CPI is used FY2000 and onwards.

Table 4.

Federated States of Micronesia: Public and Private Sector Employment and Wages, FY1999-2004 1/

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Sources: Data provided by the FSM authorities; and Fund staff estimates.

Fiscal year ending September 30.

Table 5.

Federated States of Micronesia: Consumer Price Index

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Source: Data provided by the FSM authorities.
Table 6.

Federated States of Micronesia: Consumer Price Index: Pohnpei

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Source: Data provided by the FSM authorities.
Table 7.

Federated States of Micronesia: Consumer Price Index: Chuuk

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Source: Data provided by the FSM authorities.
Table 8.

Federated States of Micronesia: Consumer Price Index: Kosrae

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Source: Data provided by the FSM authorities.
Table 9.

Federated States of Micronesia: Consumer Price Index: Yap

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Source: Data provided by the FSM authorities.
Table 10.

Federated States of Micronesia: Consolidated General Government Finances, FY1999-2004 1/

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Sources: Data provided by the FSM authorities; and Fund staff estimates.

Fiscal year ending September 30. The consolidated government fiscal accounts cover the national and four state governments.

Including investment income.

Cash and other liquid investments not reserved for specific uses.