Kiribati: Selected Issues and Statistical Appendix

International Monetary Fund

doi:10.5089/9781451821901.002.A005

Jump to Content

Kiribati: Selected Issues and Statistical Appendix

Author:

International Monetary Fund

International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar

Publication Date:: 30 Jun 2009

eISBN:: 9781451821901

Language:: English

Keywords:: ISCR; CR; Kiribati; cost; fee; RERF balance; Kiribati authorities; development fund; cooperative society; Kiribati housing corporation; STABEX Fund; Transportation; retail price index

Download PDF (1.3 MB)

This Selected Issues paper focuses on recent developments with Kiribati’s Revenue Equalization Reserve Fund (RERF). The paper also examines fiscal aspects of climate change, and considers options for improving fishing license fees, which remain an important source of revenue. It also analyzes recent developments and the outlook for remittances to Kiribati, which is another important source of external revenue and brings important economic benefits, such as reducing poverty and stabilizing national income.

Abstract

Table 1.

Kiribati: Gross Domestic Product by Economic Activity at Current Prices, 2004–08

(In millions of Australian dollars)

Sources: Data provided by the Kiribati authorities.

Table 1.

Kiribati: Gross Domestic Product by Economic Activity at Current Prices, 2004–08

(In millions of Australian dollars)

		2004	2005	2006	2007	2008
Agriculture, Forestry, Hunting & Fishing		33.9	32.7	33.7	37.6	41.1
	Agriculture	22.4	20.1	20.9	24.4	27.2
	Fishing	11.3	12.3	12.6	13.0	13.6
	Seaweed	0.2	0.3	0.3	0.2	0.2
Mining and Quarrying		0.1	0.0	0.1	0.1	0.1
Manufacturing		6.2	6.1	6.5	7.9	8.6
Electricity, Gas & Water Supply		1.5	0.7	0.5	0.0	−0.1
Construction		3.3	2.2	3.2	3.0	3.2
Wholesale & Retail trade		7.8	9.4	8.1	7.8	7.8
Hotel & Restaurants		1.0	1.3	1.1	1.5	1.5
Transport and Storage		9.4	9.7	8.3	9.4	8.9
Communications		4.6	6.6	8.4	8.2	8.3
Financial Intermediation		8.0	9.7	10.4	11.8	11.0
Real Estate		2.3	2.4	2.5	2.7	2.8
Owner Occupied Dwellings		13.1	13.4	13.6	13.9	14.2
Business Services		1.1	1.2	1.2	1.3	1.3
Public Administration and Defence		19.7	21.9	23.6	24.3	25.1
Education		10.6	10.6	12.0	12.1	12.4
Health		5.3	5.2	6.7	6.9	7.1
Other Community, Social & Personal Services		2.3	2.4	2.4	2.5	2.4
Less imputed bank service charges		−3.3	−4.1	−5.6	−6.6	−6.2
Plus taxes on products		19.5	18.6	17.9	20.0	22.4
less subsidies		−11.0	−11.6	−12.7	−12.3	−12.3
GDP at market prices		135.3	138.3	142.0	152.0	159.7

Sources: Data provided by the Kiribati authorities.

Table 1.

Kiribati: Gross Domestic Product by Economic Activity at Current Prices, 2004–08

(In millions of Australian dollars)

		2004	2005	2006	2007	2008
Agriculture, Forestry, Hunting & Fishing		33.9	32.7	33.7	37.6	41.1
	Agriculture	22.4	20.1	20.9	24.4	27.2
	Fishing	11.3	12.3	12.6	13.0	13.6
	Seaweed	0.2	0.3	0.3	0.2	0.2
Mining and Quarrying		0.1	0.0	0.1	0.1	0.1
Manufacturing		6.2	6.1	6.5	7.9	8.6
Electricity, Gas & Water Supply		1.5	0.7	0.5	0.0	−0.1
Construction		3.3	2.2	3.2	3.0	3.2
Wholesale & Retail trade		7.8	9.4	8.1	7.8	7.8
Hotel & Restaurants		1.0	1.3	1.1	1.5	1.5
Transport and Storage		9.4	9.7	8.3	9.4	8.9
Communications		4.6	6.6	8.4	8.2	8.3
Financial Intermediation		8.0	9.7	10.4	11.8	11.0
Real Estate		2.3	2.4	2.5	2.7	2.8
Owner Occupied Dwellings		13.1	13.4	13.6	13.9	14.2
Business Services		1.1	1.2	1.2	1.3	1.3
Public Administration and Defence		19.7	21.9	23.6	24.3	25.1
Education		10.6	10.6	12.0	12.1	12.4
Health		5.3	5.2	6.7	6.9	7.1
Other Community, Social & Personal Services		2.3	2.4	2.4	2.5	2.4
Less imputed bank service charges		−3.3	−4.1	−5.6	−6.6	−6.2
Plus taxes on products		19.5	18.6	17.9	20.0	22.4
less subsidies		−11.0	−11.6	−12.7	−12.3	−12.3
GDP at market prices		135.3	138.3	142.0	152.0	159.7

Sources: Data provided by the Kiribati authorities.

Table 2.

Kiribati: Gross Domestic Product by Economic Activity at Constant 2006 Prices, 2004–08

(In millions of Australian dollars)

Sources: Data provided by the Kiribati authorities.

Table 2.

Kiribati: Gross Domestic Product by Economic Activity at Constant 2006 Prices, 2004–08

(In millions of Australian dollars)

		2004	2005	2006	2007	2008
Agriculture, Forestry, Hunting &Fishing		34.1	31.5	33.7	34.1	35.7
	Agriculture	21.6	18.9	20.9	20.8	22.4
	Fishing	12.3	12.3	12.6	13.0	13.1
	Seaweed	0.2	0.3	0.3	0.2	0.2
Mining and Quarrying		0.1	0.0	0.1	0.1	0.1
Manufacturing		6.1	6.0	6.5	7.6	7.9
Electricity, Gas & Water Supply		0.4	0.4	0.5	0.5	0.5
Construction		3.3	2.2	3.2	2.7	2.8
Wholesale & Retail trade		7.6	9.2	8.1	7.4	7.2
Hotel & Restaurants		1.1	1.1	1.1	1.2	1.2
Transport and Storage		10.1	10.1	8.3	9.1	8.4
Communications		7.0	7.2	8.4	8.4	8.8
Financial Intermediation		8.5	10.1	10.4	10.1	10.3
Real Estate		2.3	2.4	2.5	2.7	2.8
Owner Occupied Dwellings		13.4	13.4	13.6	13.9	13.9
Business Services		1.1	1.2	1.2	1.2	1.2
Public Administration and Defence		19.7	21.9	23.6	21.5	22.3
Education		10.6	10.6	12.0	10.7	11.0
Health		5.3	5.2	6.7	6.1	6.3
Other Community, Social & Personal Services		2.3	2.3	2.4	2.4	2.2
Less imputed bank service charges		−3.5	−4.3	−5.6	−5.7	−5.8
Plus taxes on products		19.1	18.3	17.9	19.2	20.6
less subsidies		−10.8	−11.4	−12.7	−11.8	−11.3
GDP at market prices		137.5	137.5	142.0	141.3	146.1

Sources: Data provided by the Kiribati authorities.

Table 2.

Kiribati: Gross Domestic Product by Economic Activity at Constant 2006 Prices, 2004–08

(In millions of Australian dollars)

		2004	2005	2006	2007	2008
Agriculture, Forestry, Hunting &Fishing		34.1	31.5	33.7	34.1	35.7
	Agriculture	21.6	18.9	20.9	20.8	22.4
	Fishing	12.3	12.3	12.6	13.0	13.1
	Seaweed	0.2	0.3	0.3	0.2	0.2
Mining and Quarrying		0.1	0.0	0.1	0.1	0.1
Manufacturing		6.1	6.0	6.5	7.6	7.9
Electricity, Gas & Water Supply		0.4	0.4	0.5	0.5	0.5
Construction		3.3	2.2	3.2	2.7	2.8
Wholesale & Retail trade		7.6	9.2	8.1	7.4	7.2
Hotel & Restaurants		1.1	1.1	1.1	1.2	1.2
Transport and Storage		10.1	10.1	8.3	9.1	8.4
Communications		7.0	7.2	8.4	8.4	8.8
Financial Intermediation		8.5	10.1	10.4	10.1	10.3
Real Estate		2.3	2.4	2.5	2.7	2.8
Owner Occupied Dwellings		13.4	13.4	13.6	13.9	13.9
Business Services		1.1	1.2	1.2	1.2	1.2
Public Administration and Defence		19.7	21.9	23.6	21.5	22.3
Education		10.6	10.6	12.0	10.7	11.0
Health		5.3	5.2	6.7	6.1	6.3
Other Community, Social & Personal Services		2.3	2.3	2.4	2.4	2.2
Less imputed bank service charges		−3.5	−4.3	−5.6	−5.7	−5.8
Plus taxes on products		19.1	18.3	17.9	19.2	20.6
less subsidies		−10.8	−11.4	−12.7	−11.8	−11.3
GDP at market prices		137.5	137.5	142.0	141.3	146.1

Sources: Data provided by the Kiribati authorities.

Table 3.

Kiribati: Contributions to GDP Growth, 2005–08

(Change in percent of previous year’s total GDP)

Sources: Data provided by the Kiribati authorities.

Table 3.

Kiribati: Contributions to GDP Growth, 2005–08

(Change in percent of previous year’s total GDP)

		2005	2006	2007	2008
Agriculture, Forestry, Hunting & Fishing		−1.8	1.6	0.2	1.2
	Agriculture	−1.9	1.4	−0.1	1.2
	Fishing	0.1	0.2	0.3	0.1
	Seaweed	0.1	0.0	0.0	−0.1
Mining and Quarrying		0.0	0.0	0.0	0.0
Manufacturing		0.0	0.3	0.8	0.2
Electricity, Gas & Water Supply		0.0	0.0	0.0	0.0
Construction		−0.8	0.7	−0.4	0.1
Wholesale & Retail trade		1.2	−0.8	−0.4	−0.2
Hotel & Restaurants		0.0	0.0	0.0	0.0
Transport and Storage		0.0	−1.3	0.6	−0.5
Communications		0.1	0.9	0.1	0.2
Financial Intermediation		1.2	0.3	−0.2	0.1
Real Estate		0.1	0.1	0.1	0.1
Owner Occupied Dwellings		0.0	0.2	0.2	0.0
Business Services		0.0	0.0	0.0	0.0
Public Administration and Defence		1.6	1.3	−1.5	0.5
Education		0.0	1.0	−1.0	0.2
Health		0.0	1.1	−0.4	0.1
Other Community, Social & Personal Services		0.0	0.0	0.0	−0.2
Less imputed bank service charges		−0.5	−1.0	0.0	−0.1
Plus taxes on products		−0.6	−0.3	0.9	1.0
less subsidies		−0.4	−0.9	0.6	0.4
GDP at market prices		0.0	3.2	−0.5	3.4

Sources: Data provided by the Kiribati authorities.

Table 3.

Kiribati: Contributions to GDP Growth, 2005–08

(Change in percent of previous year’s total GDP)

		2005	2006	2007	2008
Agriculture, Forestry, Hunting & Fishing		−1.8	1.6	0.2	1.2
	Agriculture	−1.9	1.4	−0.1	1.2
	Fishing	0.1	0.2	0.3	0.1
	Seaweed	0.1	0.0	0.0	−0.1
Mining and Quarrying		0.0	0.0	0.0	0.0
Manufacturing		0.0	0.3	0.8	0.2
Electricity, Gas & Water Supply		0.0	0.0	0.0	0.0
Construction		−0.8	0.7	−0.4	0.1
Wholesale & Retail trade		1.2	−0.8	−0.4	−0.2
Hotel & Restaurants		0.0	0.0	0.0	0.0
Transport and Storage		0.0	−1.3	0.6	−0.5
Communications		0.1	0.9	0.1	0.2
Financial Intermediation		1.2	0.3	−0.2	0.1
Real Estate		0.1	0.1	0.1	0.1
Owner Occupied Dwellings		0.0	0.2	0.2	0.0
Business Services		0.0	0.0	0.0	0.0
Public Administration and Defence		1.6	1.3	−1.5	0.5
Education		0.0	1.0	−1.0	0.2
Health		0.0	1.1	−0.4	0.1
Other Community, Social & Personal Services		0.0	0.0	0.0	−0.2
Less imputed bank service charges		−0.5	−1.0	0.0	−0.1
Plus taxes on products		−0.6	−0.3	0.9	1.0
less subsidies		−0.4	−0.9	0.6	0.4
GDP at market prices		0.0	3.2	−0.5	3.4

Sources: Data provided by the Kiribati authorities.

Table 4.

Kiribati: Gross National Product, 2004–08

(In millions of Australian dollars at current prices)

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

Table 4.

Kiribati: Gross National Product, 2004–08

(In millions of Australian dollars at current prices)

			2004	2005	2006	2007	2008
GDP at current prices			135.3	138.3	142.0	152.0	159.7
Fishing license fees			28.9	25.0	25.8	25.4	32.2
Investment income, net			29.4	28.0	30.0	34.0	37.8
Seamen’s remittances			10.0	12.2	16.9	12.5	12.2
GNP at current prices			186.7	199.9	210.0	221.5	238.1
	(Percent change)		−0.8	7.1	5.1	5.5	7.5
Memorandum item
	GNP at constant 2006 prices		189.8	198.8	210.0	205.9	217.8
		(Percent change)	−0.3	4.7	5.6	−2.0	5.8

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

Table 4.

Kiribati: Gross National Product, 2004–08

(In millions of Australian dollars at current prices)

			2004	2005	2006	2007	2008
GDP at current prices			135.3	138.3	142.0	152.0	159.7
Fishing license fees			28.9	25.0	25.8	25.4	32.2
Investment income, net			29.4	28.0	30.0	34.0	37.8
Seamen’s remittances			10.0	12.2	16.9	12.5	12.2
GNP at current prices			186.7	199.9	210.0	221.5	238.1
	(Percent change)		−0.8	7.1	5.1	5.5	7.5
Memorandum item
	GNP at constant 2006 prices		189.8	198.8	210.0	205.9	217.8
		(Percent change)	−0.3	4.7	5.6	−2.0	5.8

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

Table 5.

Kiribati: Copra Production by Island, 2004–08

(In metric tons)

Source: Data provided by the Kiribati authorities.

Table 5.

Kiribati: Copra Production by Island, 2004–08

(In metric tons)

		2004	2005	2006	2007	2008
Gilbert Islands		11,194	4,299	8,919	7,196	7,677
	Makin	476	196	382	628	252
	Butarit	317	105	246	285	168
	Marakei	549	256	398	295	361
	Abaiang	418	129	557	240	313
	Tarawa	191	21	217	128	141
	Maiana	536	243	544	179	431
	Kuria	577	219	463	172	444
	Aranuka	418	209	450	280	409
	Abemama	1,149	593	713	2,253	930
	Nonouti	1,145	296	1,018	468	794
	Tabiteuea	1,221	430	902	936	1,198
	Onotoa	393	168	754	192	276
	Beru	878	175	357	268	533
	Nikunau	995	396	474	654	865
	Tamana	313	141	644	99	268
	Arorae	479	166	332	119	294
	Other areas	1,139	556	468	–	–
Line Islands		1,527	1,895	1,331	1,612	1,458
	Kiritimati	409	32	284	805	1,169
	Fanning	89	622	41	153	69
	Washington	1,029	1,241	1,006	654	220
	Orona	–	–	–	–	–
Total		12,721	6,194	10,250	8,808	9,135
Memorandum item
	Copra exports	5,353	2,740	1,909	…	…

Source: Data provided by the Kiribati authorities.

Table 5.

Kiribati: Copra Production by Island, 2004–08

(In metric tons)

		2004	2005	2006	2007	2008
Gilbert Islands		11,194	4,299	8,919	7,196	7,677
	Makin	476	196	382	628	252
	Butarit	317	105	246	285	168
	Marakei	549	256	398	295	361
	Abaiang	418	129	557	240	313
	Tarawa	191	21	217	128	141
	Maiana	536	243	544	179	431
	Kuria	577	219	463	172	444
	Aranuka	418	209	450	280	409
	Abemama	1,149	593	713	2,253	930
	Nonouti	1,145	296	1,018	468	794
	Tabiteuea	1,221	430	902	936	1,198
	Onotoa	393	168	754	192	276
	Beru	878	175	357	268	533
	Nikunau	995	396	474	654	865
	Tamana	313	141	644	99	268
	Arorae	479	166	332	119	294
	Other areas	1,139	556	468	–	–
Line Islands		1,527	1,895	1,331	1,612	1,458
	Kiritimati	409	32	284	805	1,169
	Fanning	89	622	41	153	69
	Washington	1,029	1,241	1,006	654	220
	Orona	–	–	–	–	–
Total		12,721	6,194	10,250	8,808	9,135
Memorandum item
	Copra exports	5,353	2,740	1,909	…	…

Source: Data provided by the Kiribati authorities.

Table 6.

Kiribati: Tarawa Retail Price Index, 2004–08

(Annual average percentage change)

Source: Data provided by the Kiribati authorities.

Table 6.

Kiribati: Tarawa Retail Price Index, 2004–08

(Annual average percentage change)

		2004	2005	2006	2007	2008
Food		0.0	0.0	−4.0	5.7	16.6
Drinks		−8.9	−2.0	−1.2	3.9	8.6
Alcohol and tobacco		0.7	0.7	10.1	−5.4	11.5
Clothing		−4.8	4.7	−7.4	1.0	−0.9
Transportation		0.1	0.1	0.3	15.0	1.7
Utilities		−0.6	−0.4	4.4	4.2	15.3
Housing		−0.3	0.0	0.0	0.0	0.0
Education		−2.0	−1.0	0.2	0.4	0.4
Recreation		−0.5	−1.9	−0.1	−0.5	0.0
Household operations		4.3	−0.7	−5.2	−0.4	0.6
All items		−1.0	−0.3	−1.5	4.2	11.0
Memorandum item
	All items (end of period)	−1.9	−0.5	−0.2	3.7	18.6

Source: Data provided by the Kiribati authorities.

Table 6.

Kiribati: Tarawa Retail Price Index, 2004–08

(Annual average percentage change)

		2004	2005	2006	2007	2008
Food		0.0	0.0	−4.0	5.7	16.6
Drinks		−8.9	−2.0	−1.2	3.9	8.6
Alcohol and tobacco		0.7	0.7	10.1	−5.4	11.5
Clothing		−4.8	4.7	−7.4	1.0	−0.9
Transportation		0.1	0.1	0.3	15.0	1.7
Utilities		−0.6	−0.4	4.4	4.2	15.3
Housing		−0.3	0.0	0.0	0.0	0.0
Education		−2.0	−1.0	0.2	0.4	0.4
Recreation		−0.5	−1.9	−0.1	−0.5	0.0
Household operations		4.3	−0.7	−5.2	−0.4	0.6
All items		−1.0	−0.3	−1.5	4.2	11.0
Memorandum item
	All items (end of period)	−1.9	−0.5	−0.2	3.7	18.6

Source: Data provided by the Kiribati authorities.

Table 7.

Kiribati: Summary of Central Government Operations, 2004–08

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

^{^1/}Includes subsidies to copra production.

Table 7.

Kiribati: Summary of Central Government Operations, 2004–08

						2004	2005	2006	2007	2008
						(In millions of Australian dollars)
Total revenue and grants						196.0	142.4	141.9	157.2	161.7
	Revenue					64.3	59.6	60.0	61.5	68.6
		Tax revenue				29.0	28.3	28.6	29.9	29.7
		Nontax revenue				35.3	31.3	31.4	31.6	38.9
			Of which: Fishing license fees			28.9	25.0	25.8	25.4	32.2
	External grants					131.7	82.8	81.9	95.7	93.1
Total expenditure and net lending						227.9	163.6	163.9	181.5	183.0
	Current expenditure					96.2	80.8	82.0	85.8	89.9
			Of which: Personnel costs			37.5	37.5	41.5	41.5	43.3
					Subsidies to public enterprises ^1/	14.2	6.3	4.6	7.2	9.0
					Other current expenditure	44.5	37.0	35.9	37.1	37.6
	Development expenditure					131.7	82.8	81.9	95.7	93.1
	Net lending					0.0	0.0	0.0	0.0	0.0
Overall balance						−31.9	−21.2	−22.0	−24.4	−21.3
Financing						31.9	21.2	22.0	24.4	21.3
	Revenue Equalization and Reserve Fund					25.7	15.0	33.5	45.0	25.0
	Consolidated Fund					3.9	10.6	−8.7	−20.5	−3.7
	Development Fund					−16.1	0.4	6.5	4.3	0.0
	STABEX Fund					0.3	0.0	0.0	0.0	0.0
	Other sources					1.0	0.0	0.0	0.0	0.0
						(In percent of GDP)
Total revenue and grants						144.9	103.0	100.0	103.4	101.3
	Revenue					47.5	43.1	42.3	40.4	43.0
	Tax revenue					21.4	20.5	20.2	19.7	18.6
	Nontax revenue					26.1	22.6	22.1	20.8	24.4
		Of which: Fishing license fees				21.4	18.0	18.2	16.7	20.2
	External grants					97.4	59.9	57.7	62.9	58.3
Total expenditure and net lending						168.5	118.3	115.5	119.4	114.6
	Current expenditure					71.1	58.4	57.8	56.5	56.3
		Of which: Wages and salaries				27.7	27.1	29.3	27.3	27.1
					Subsidies to public enterprises ^1/	10.5	4.5	3.2	4.8	5.6
					Other current expenditure	32.9	26.8	25.3	24.4	23.6
	Development expenditure					97.4	59.9	57.7	62.9	58.3
	Net lending					0.0	0.0	0.0	0.0	0.0
Overall balance						−23.6	−15.3	−15.5	−16.0	−13.3
Financing						23.6	15.3	15.5	16.0	13.3
	RERF					19.0	10.8	23.6	29.6	15.7
	Consolidated Fund					2.8	7.7	−6.2	−13.5	−2.3
	Development Fund					−11.9	0.3	4.6	2.8	0.0
	STABEX Fund					0.2	0.0	0.0	0.0	0.0
	Other sources					0.8	0.0	0.0	0.0	0.0
Memorandum items
	Current expenditure/GNP					51.5	40.4	39.1	38.8	37.8
	RERF balance (in milllions of Australian dollars;end of period)					589.1	646.8	659.6	637.3	561.6
		RERF: Accrued income				21.6	21.0	22.4	30.0	34.2
			Valuation changes			32.6	53.6	25.4	−5.5	−83.5
				Government drawings		−25.7	−15.0	−33.5	−45.0	−25.0
	Consolidated Fund balance (end of period)					−3.0	−13.6	−4.9	15.7	20.8
	Development Fund balance (end of period)					22.6	22.2	15.7	11.4	11.4
	STABEX Fund balance (end of period)					0.2	0.2	0.2	0.2	0.2
	Local contribution to development expenditure					0.0	0.0	0.0	0.0	0.0
		Development balance (in percent of GDP)				0.0	0.0	0.0	0.0	0.0
		Current balance (in percent of GDP, exclud. grants)				−23.6	−15.3	−15.5	−16.0	−13.3
	Nominal GDP at market prices					135.3	138.3	142.0	152.0	159.7
	Nominal GNP					186.7	199.9	210.0	221.5	238.1

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

^{^1/}Includes subsidies to copra production.

Table 7.

Kiribati: Summary of Central Government Operations, 2004–08

						2004	2005	2006	2007	2008
						(In millions of Australian dollars)
Total revenue and grants						196.0	142.4	141.9	157.2	161.7
	Revenue					64.3	59.6	60.0	61.5	68.6
		Tax revenue				29.0	28.3	28.6	29.9	29.7
		Nontax revenue				35.3	31.3	31.4	31.6	38.9
			Of which: Fishing license fees			28.9	25.0	25.8	25.4	32.2
	External grants					131.7	82.8	81.9	95.7	93.1
Total expenditure and net lending						227.9	163.6	163.9	181.5	183.0
	Current expenditure					96.2	80.8	82.0	85.8	89.9
			Of which: Personnel costs			37.5	37.5	41.5	41.5	43.3
					Subsidies to public enterprises ^1/	14.2	6.3	4.6	7.2	9.0
					Other current expenditure	44.5	37.0	35.9	37.1	37.6
	Development expenditure					131.7	82.8	81.9	95.7	93.1
	Net lending					0.0	0.0	0.0	0.0	0.0
Overall balance						−31.9	−21.2	−22.0	−24.4	−21.3
Financing						31.9	21.2	22.0	24.4	21.3
	Revenue Equalization and Reserve Fund					25.7	15.0	33.5	45.0	25.0
	Consolidated Fund					3.9	10.6	−8.7	−20.5	−3.7
	Development Fund					−16.1	0.4	6.5	4.3	0.0
	STABEX Fund					0.3	0.0	0.0	0.0	0.0
	Other sources					1.0	0.0	0.0	0.0	0.0
						(In percent of GDP)
Total revenue and grants						144.9	103.0	100.0	103.4	101.3
	Revenue					47.5	43.1	42.3	40.4	43.0
	Tax revenue					21.4	20.5	20.2	19.7	18.6
	Nontax revenue					26.1	22.6	22.1	20.8	24.4
		Of which: Fishing license fees				21.4	18.0	18.2	16.7	20.2
	External grants					97.4	59.9	57.7	62.9	58.3
Total expenditure and net lending						168.5	118.3	115.5	119.4	114.6
	Current expenditure					71.1	58.4	57.8	56.5	56.3
		Of which: Wages and salaries				27.7	27.1	29.3	27.3	27.1
					Subsidies to public enterprises ^1/	10.5	4.5	3.2	4.8	5.6
					Other current expenditure	32.9	26.8	25.3	24.4	23.6
	Development expenditure					97.4	59.9	57.7	62.9	58.3
	Net lending					0.0	0.0	0.0	0.0	0.0
Overall balance						−23.6	−15.3	−15.5	−16.0	−13.3
Financing						23.6	15.3	15.5	16.0	13.3
	RERF					19.0	10.8	23.6	29.6	15.7
	Consolidated Fund					2.8	7.7	−6.2	−13.5	−2.3
	Development Fund					−11.9	0.3	4.6	2.8	0.0
	STABEX Fund					0.2	0.0	0.0	0.0	0.0
	Other sources					0.8	0.0	0.0	0.0	0.0
Memorandum items
	Current expenditure/GNP					51.5	40.4	39.1	38.8	37.8
	RERF balance (in milllions of Australian dollars;end of period)					589.1	646.8	659.6	637.3	561.6
		RERF: Accrued income				21.6	21.0	22.4	30.0	34.2
			Valuation changes			32.6	53.6	25.4	−5.5	−83.5
				Government drawings		−25.7	−15.0	−33.5	−45.0	−25.0
	Consolidated Fund balance (end of period)					−3.0	−13.6	−4.9	15.7	20.8
	Development Fund balance (end of period)					22.6	22.2	15.7	11.4	11.4
	STABEX Fund balance (end of period)					0.2	0.2	0.2	0.2	0.2
	Local contribution to development expenditure					0.0	0.0	0.0	0.0	0.0
		Development balance (in percent of GDP)				0.0	0.0	0.0	0.0	0.0
		Current balance (in percent of GDP, exclud. grants)				−23.6	−15.3	−15.5	−16.0	−13.3
	Nominal GDP at market prices					135.3	138.3	142.0	152.0	159.7
	Nominal GNP					186.7	199.9	210.0	221.5	238.1

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

^{^1/}Includes subsidies to copra production.

Table 8.

Kiribati: Central Government Revenue, 2004–08

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

^{^1/}Excludes interest and dividends on the Revenue Equalization Reserve Fund. Includes incomes from sales of government shareholdings.

^{^2/}Includes other fees and charges, and discrepancies between aggregates and distributed breakdown reported by the authorities.

^{^3/}User fees paid by the Japanese space agency for the use of Christmas Island facilities to obtain meteorological information.

Table 8.

Kiribati: Central Government Revenue, 2004–08

						2004	2005	2006	2007	2008 Proj.
						(In millions of Australian dollars)
Tax revenue						29.0	28.3	28.9	29.9	29.7
	Direct taxation					11.2	11.4	10.9	11.8	11.6
		Company				5.5	5.3	4.2	4.6	4.5
		Personal				5.7	6.1	6.7	7.2	7.1
	Indirect taxation					17.8	16.9	18.0	18.1	18.2
		Import duties				17.7	16.9	18.0	18.0	18.1
		Hotel tax				0.1	0.0	0.0	0.1	0.1
Nontax revenue						35.3	31.3	31.4	31.6	38.9
	Property income					29.4	25.9	27.0	27.2	33.2
			Fishing license fees			28.9	25.0	25.8	25.4	32.2
			Interest ^1/			0.0	0.0	0.0	0.0	0.0
			Dividends ^1/			0.5	0.9	1.2	1.8	1.0
	Other income ^2/					5.9	5.4	4.4	4.4	5.7
			Of which: NASDA fees ^3/			1.9	1.7	1.7	1.0	1.6
					Sales of investors passports	0.0	0.0	0.0	0.0	0.0
	Entrepreneurial income					0.0	0.0	0.0	0.0	0.0
Total revenue						64.3	59.6	60.3	61.5	68.6
						(In percent of GDP)
Tax revenue						21.4	20.5	20.4	19.7	18.6
	Direct taxation					8.3	8.2	7.7	7.8	7.2
		Company				4.1	3.8	3.0	3.0	2.8
		Personal				4.2	4.4	4.7	4.8	4.4
	Indirect taxation					13.1	12.2	12.7	11.9	11.4
		Import duties				13.1	12.2	12.7	11.8	11.4
		Hotel tax				0.1	0.0	0.0	0.0	0.0
Nontax revenue						26.1	22.6	22.1	20.8	24.4
	Property income					21.7	18.7	19.0	17.9	20.8
			Fishing license fees			21.4	18.0	18.2	16.7	20.2
			Interest ^1/			0.0	0.0	0.0	0.0	0.0
			Dividends ^1/			0.3	0.7	0.8	1.2	0.6
	Other income ^2/					4.3	3.9	3.1	2.9	3.6
			Of which: NASDA fees ^3/			1.4	1.2	1.2	0.6	1.0
					Sales of investors passports	0.0	0.0	0.0	0.0	0.0
	Entrepreneurial income					0.0	0.0	0.0	1.0	0.0
Total revenue						47.5	43.1	42.5	40.4	43.0
						(In percent of total revenue)
			Tax revenue			45.1	47.5	48.0	48.6	43.3
				Of which: Import duties		27.5	28.3	29.8	29.3	26.4
			Nontax revenue			54.9	52.5	52.0	51.4	56.7
				Of which: Fishing license fees		45.0	41.9	42.8	41.3	46.9

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

^{^1/}Excludes interest and dividends on the Revenue Equalization Reserve Fund. Includes incomes from sales of government shareholdings.

^{^2/}Includes other fees and charges, and discrepancies between aggregates and distributed breakdown reported by the authorities.

^{^3/}User fees paid by the Japanese space agency for the use of Christmas Island facilities to obtain meteorological information.

Table 8.

Kiribati: Central Government Revenue, 2004–08

						2004	2005	2006	2007	2008 Proj.
						(In millions of Australian dollars)
Tax revenue						29.0	28.3	28.9	29.9	29.7
	Direct taxation					11.2	11.4	10.9	11.8	11.6
		Company				5.5	5.3	4.2	4.6	4.5
		Personal				5.7	6.1	6.7	7.2	7.1
	Indirect taxation					17.8	16.9	18.0	18.1	18.2
		Import duties				17.7	16.9	18.0	18.0	18.1
		Hotel tax				0.1	0.0	0.0	0.1	0.1
Nontax revenue						35.3	31.3	31.4	31.6	38.9
	Property income					29.4	25.9	27.0	27.2	33.2
			Fishing license fees			28.9	25.0	25.8	25.4	32.2
			Interest ^1/			0.0	0.0	0.0	0.0	0.0
			Dividends ^1/			0.5	0.9	1.2	1.8	1.0
	Other income ^2/					5.9	5.4	4.4	4.4	5.7
			Of which: NASDA fees ^3/			1.9	1.7	1.7	1.0	1.6
					Sales of investors passports	0.0	0.0	0.0	0.0	0.0
	Entrepreneurial income					0.0	0.0	0.0	0.0	0.0
Total revenue						64.3	59.6	60.3	61.5	68.6
						(In percent of GDP)
Tax revenue						21.4	20.5	20.4	19.7	18.6
	Direct taxation					8.3	8.2	7.7	7.8	7.2
		Company				4.1	3.8	3.0	3.0	2.8
		Personal				4.2	4.4	4.7	4.8	4.4
	Indirect taxation					13.1	12.2	12.7	11.9	11.4
		Import duties				13.1	12.2	12.7	11.8	11.4
		Hotel tax				0.1	0.0	0.0	0.0	0.0
Nontax revenue						26.1	22.6	22.1	20.8	24.4
	Property income					21.7	18.7	19.0	17.9	20.8
			Fishing license fees			21.4	18.0	18.2	16.7	20.2
			Interest ^1/			0.0	0.0	0.0	0.0	0.0
			Dividends ^1/			0.3	0.7	0.8	1.2	0.6
	Other income ^2/					4.3	3.9	3.1	2.9	3.6
			Of which: NASDA fees ^3/			1.4	1.2	1.2	0.6	1.0
					Sales of investors passports	0.0	0.0	0.0	0.0	0.0
	Entrepreneurial income					0.0	0.0	0.0	1.0	0.0
Total revenue						47.5	43.1	42.5	40.4	43.0
						(In percent of total revenue)
			Tax revenue			45.1	47.5	48.0	48.6	43.3
				Of which: Import duties		27.5	28.3	29.8	29.3	26.4
			Nontax revenue			54.9	52.5	52.0	51.4	56.7
				Of which: Fishing license fees		45.0	41.9	42.8	41.3	46.9

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

^{^1/}Excludes interest and dividends on the Revenue Equalization Reserve Fund. Includes incomes from sales of government shareholdings.

^{^2/}Includes other fees and charges, and discrepancies between aggregates and distributed breakdown reported by the authorities.

^{^3/}User fees paid by the Japanese space agency for the use of Christmas Island facilities to obtain meteorological information.

Table 9.

Kiribati: Central Government Expenditure (Functional Classification), 2004–08 ^1/

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

^{^1/}Includes supplementary budget appropriations.

^{^2/}Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities.

Table 9.

Kiribati: Central Government Expenditure (Functional Classification), 2004–08 ^1/

			2004	2005	2006	2007	2008 proj.
			(In millions of Australian dollars)
Current expenditure			96.2	80.8	82.0	85.8	89.9
	General public services		15.2	17.3	19.3	18.6	20.5
		Office of the President	1.0	1.0	1.1	0.9	1.1
		Foreign Affairs	0.7	0.8	1.1	0.7	1.1
		Judiciary	1.2	1.3	1.4	1.4	1.4
		Public Service Commission	0.1	0.1	0.2	0.2	0.2
		Parliament	1.4	1.6	1.6	1.9	2.3
		Attorney General	0.5	0.5	0.5	0.4	0.5
		Audit	0.5	0.5	0.6	0.5	0.6
		Home Affairs & Social Welfare	2.2	2.4	2.7	2.6	3.2
		Finance	2.2	2.3	2.5	2.5	2.5
		Public Order and Safety	5.4	6.9	7.7	7.5	7.7
	Social services		33.1	36.0	38.8	38.1	38.7
		Education	18.4	20.1	21.4	21.0	21.1
		Health	12.6	13.3	14.8	14.6	14.9
	Environment		2.1	2.6	2.7	2.5	2.7
		Economic services	13.8	12.6	14.9	14.5	15.6
		Natural resources	1.6	1.8	1.9	1.7	1.9
		Commerce, industries, and tourism	1.3	1.1	1.1	1.2	1.1
		Transportation and communications	3.1	3.0	3.4	3.3	3.4
		Works and energy	2.7	2.3	2.8	2.7	2.7
		Line and Phoenix	3.0	2.5	3.0	2.9	3.3
		Labor, employment, and cooperatives	2.1	2.0	2.8	2.7	3.2
	Other expenses ^2/		34.1	14.8	9.0	14.7	15.1
			(In percent of current expenditure)
Memorandum items
		Education	19.2	24.9	26.0	24.5	23.5
		Health	13.1	16.4	18.0	17.0	16.6
		Education and health	32.2	41.3	44.0	41.5	40.1

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

^{^1/}Includes supplementary budget appropriations.

^{^2/}Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities.

Table 9.

Kiribati: Central Government Expenditure (Functional Classification), 2004–08 ^1/

			2004	2005	2006	2007	2008 proj.
			(In millions of Australian dollars)
Current expenditure			96.2	80.8	82.0	85.8	89.9
	General public services		15.2	17.3	19.3	18.6	20.5
		Office of the President	1.0	1.0	1.1	0.9	1.1
		Foreign Affairs	0.7	0.8	1.1	0.7	1.1
		Judiciary	1.2	1.3	1.4	1.4	1.4
		Public Service Commission	0.1	0.1	0.2	0.2	0.2
		Parliament	1.4	1.6	1.6	1.9	2.3
		Attorney General	0.5	0.5	0.5	0.4	0.5
		Audit	0.5	0.5	0.6	0.5	0.6
		Home Affairs & Social Welfare	2.2	2.4	2.7	2.6	3.2
		Finance	2.2	2.3	2.5	2.5	2.5
		Public Order and Safety	5.4	6.9	7.7	7.5	7.7
	Social services		33.1	36.0	38.8	38.1	38.7
		Education	18.4	20.1	21.4	21.0	21.1
		Health	12.6	13.3	14.8	14.6	14.9
	Environment		2.1	2.6	2.7	2.5	2.7
		Economic services	13.8	12.6	14.9	14.5	15.6
		Natural resources	1.6	1.8	1.9	1.7	1.9
		Commerce, industries, and tourism	1.3	1.1	1.1	1.2	1.1
		Transportation and communications	3.1	3.0	3.4	3.3	3.4
		Works and energy	2.7	2.3	2.8	2.7	2.7
		Line and Phoenix	3.0	2.5	3.0	2.9	3.3
		Labor, employment, and cooperatives	2.1	2.0	2.8	2.7	3.2
	Other expenses ^2/		34.1	14.8	9.0	14.7	15.1
			(In percent of current expenditure)
Memorandum items
		Education	19.2	24.9	26.0	24.5	23.5
		Health	13.1	16.4	18.0	17.0	16.6
		Education and health	32.2	41.3	44.0	41.5	40.1

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

^{^1/}Includes supplementary budget appropriations.

^{^2/}Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities.

Table 10.

Kiribati: Central Government Expenditure (Economic Classification), 2004–08 ^1/

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

^{^1/}Includes supplementary budget appropriations.

^{^2/}Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities.

^{^3/}Includes subsidies to copra production.

Table 10.

Kiribati: Central Government Expenditure (Economic Classification), 2004–08 ^1/

			2004	2005	2006	2007	2008 proj.
			(In millions of Australian dollars)
Current expenditure			96.2	80.8	82.0	85.8	89.9
Of which
	Wages and salaries		37.5	37.5	41.5	41.5	43.3
	Contributions to Provident Fund		2.9	3.9	4.8	1.8	2.6
	Purchases of goods and services		22.7	26.0	23.8	12.8	12.7
		Travel/transportation	6.3	7.6	6.6	7.0	6.8
		Hire of vehicles and vessels	1.5	1.5	1.5	1.4	1.6
		Utilities	3.1	2.2	2.4	2.3	2.1
		Land rent	1.5	2.1	1.8	1.7	1.8
		Maintenance and other ^2/	10.4	12.7	11.5	0.5	0.5
	Subsidies to public enterprises ^3/		14.2	6.3	4.6	7.2	9.0
	Net drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
			(In percent of GDP)
Current expenditure			71.1	58.4	57.8	56.5	56.3
Of which
	Wages and salaries		27.7	27.1	29.3	27.3	27.1
	Contributions to Provident Fund		2.1	2.8	3.4	1.2	1.6
	Purchases of goods and services		16.8	18.8	16.7	8.4	7.9
		Travel/transportation	4.7	5.5	4.7	4.6	4.2
		Hire of vehicles and vessels	1.1	1.1	1.0	0.9	1.0
		Utilities	2.3	1.6	1.7	1.5	1.3
		Land rent	1.1	1.5	1.2	1.1	1.1
		Maintenance and other	7.7	9.2	8.1	0.3	0.3
	Subsidies to public enterprises		10.5	4.5	3.2	4.8	5.6
	Net drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
Memorandum items
	Wages and salaries/current expenditure
		(In percent)	39.0	46.4	50.6	48.3	48.2

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

^{^1/}Includes supplementary budget appropriations.

^{^2/}Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities.

^{^3/}Includes subsidies to copra production.

Table 10.

Kiribati: Central Government Expenditure (Economic Classification), 2004–08 ^1/

			2004	2005	2006	2007	2008 proj.
			(In millions of Australian dollars)
Current expenditure			96.2	80.8	82.0	85.8	89.9
Of which
	Wages and salaries		37.5	37.5	41.5	41.5	43.3
	Contributions to Provident Fund		2.9	3.9	4.8	1.8	2.6
	Purchases of goods and services		22.7	26.0	23.8	12.8	12.7
		Travel/transportation	6.3	7.6	6.6	7.0	6.8
		Hire of vehicles and vessels	1.5	1.5	1.5	1.4	1.6
		Utilities	3.1	2.2	2.4	2.3	2.1
		Land rent	1.5	2.1	1.8	1.7	1.8
		Maintenance and other ^2/	10.4	12.7	11.5	0.5	0.5
	Subsidies to public enterprises ^3/		14.2	6.3	4.6	7.2	9.0
	Net drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
			(In percent of GDP)
Current expenditure			71.1	58.4	57.8	56.5	56.3
Of which
	Wages and salaries		27.7	27.1	29.3	27.3	27.1
	Contributions to Provident Fund		2.1	2.8	3.4	1.2	1.6
	Purchases of goods and services		16.8	18.8	16.7	8.4	7.9
		Travel/transportation	4.7	5.5	4.7	4.6	4.2
		Hire of vehicles and vessels	1.1	1.1	1.0	0.9	1.0
		Utilities	2.3	1.6	1.7	1.5	1.3
		Land rent	1.1	1.5	1.2	1.1	1.1
		Maintenance and other	7.7	9.2	8.1	0.3	0.3
	Subsidies to public enterprises		10.5	4.5	3.2	4.8	5.6
	Net drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
Memorandum items
	Wages and salaries/current expenditure
		(In percent)	39.0	46.4	50.6	48.3	48.2

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

^{^1/}Includes supplementary budget appropriations.

^{^2/}Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities.

^{^3/}Includes subsidies to copra production.

Table 11.

Kiribati: Central Government Salary Structure, 2004–08 ^1/

Source: Data provided by the Kiribati authorities.

^{^1/}Includes central government contributions to the Kiribati Provident Fund.

^{^2/}Maximum of range.

Table 11.

Kiribati: Central Government Salary Structure, 2004–08 ^1/

Salary Range		2004	2005	2006	2007	2008
		(Annual salary in Australian dollars, effective from January 1) ^2/
2		14,900	14,900	15,600	15,600	15,600
3		14,198	14,198	14,898	14,898	14,898
4		13,054	13,054	13,754	13,754	13,754
5		12,482	12,482	13,182	13,182	13,182
6		11,910	11,910	12,610	12,610	12,610
7		11,338	11,338	12,038	12,038	12,038
8		10,870	10,870	11,570	11,570	11,570
9		10,402	10,402	11,102	11,102	11,102
10		9,466	9,466	10,166	10,166	10,166
11		8,530	8,530	9,230	9,230	9,230
12		7,594	7,594	8,294	8,294	8,294
13		6,866	6,866	7,566	7,566	7,566
14		6,138	6,138	6,838	6,838	6,838
15		5,410	5,410	6,110	6,110	6,110
16		4,682	4,682	5,382	5,382	5,382
17		4,292	4,292	4,992	4,992	4,992
18		3,902	3,902	4,602	4,602	4,602
19		3,512	3,512	4,212	4,212	4,212
20		3,140	3,140	3,840	3,840	3,840
		(Percentage change between periods)
Memorandum items
	Highest paid	0.0	0.0	4.7	0.0	0.0
	Lowest paid	0.0	0.0	19.9	0.0	0.0

Source: Data provided by the Kiribati authorities.

^{^1/}Includes central government contributions to the Kiribati Provident Fund.

^{^2/}Maximum of range.

Table 11.

Kiribati: Central Government Salary Structure, 2004–08 ^1/

Salary Range		2004	2005	2006	2007	2008
		(Annual salary in Australian dollars, effective from January 1) ^2/
2		14,900	14,900	15,600	15,600	15,600
3		14,198	14,198	14,898	14,898	14,898
4		13,054	13,054	13,754	13,754	13,754
5		12,482	12,482	13,182	13,182	13,182
6		11,910	11,910	12,610	12,610	12,610
7		11,338	11,338	12,038	12,038	12,038
8		10,870	10,870	11,570	11,570	11,570
9		10,402	10,402	11,102	11,102	11,102
10		9,466	9,466	10,166	10,166	10,166
11		8,530	8,530	9,230	9,230	9,230
12		7,594	7,594	8,294	8,294	8,294
13		6,866	6,866	7,566	7,566	7,566
14		6,138	6,138	6,838	6,838	6,838
15		5,410	5,410	6,110	6,110	6,110
16		4,682	4,682	5,382	5,382	5,382
17		4,292	4,292	4,992	4,992	4,992
18		3,902	3,902	4,602	4,602	4,602
19		3,512	3,512	4,212	4,212	4,212
20		3,140	3,140	3,840	3,840	3,840
		(Percentage change between periods)
Memorandum items
	Highest paid	0.0	0.0	4.7	0.0	0.0
	Lowest paid	0.0	0.0	19.9	0.0	0.0

Source: Data provided by the Kiribati authorities.

^{^1/}Includes central government contributions to the Kiribati Provident Fund.

^{^2/}Maximum of range.

Table 12.

Kiribati: Government Employees, 2004–08

Source: Data provided by the Kiribati authorities.

Table 12.

Kiribati: Government Employees, 2004–08

			2004	2005	2006	2007	2008
Total			4,291	4,291	4,345	4,345	4,345
	General public services		1,227	1,227	1,264	1,264	1,264
		Office of the President	62	62	63	63	63
		Foreign Affairs	43	43	44	44	44
		Judiciary	78	78	78	78	78
		Public Service Commission	6	6	6	6	6
		Parliament	52	52	51	51	51
		Attorney General	25	25	25	25	25
		Audit	53	53	53	53	53
		Home Affairs	196	196	202	202	202
		Finance	172	172	171	171	171
		Public Order and Safety	540	540	571	571	571
	Social services		2,205	2,205	2,258	2,258	2,258
		Education	1,353	1,353	1,349	1,349	1,349
		Health	661	661	719	719	719
		Environment and social welfare	191	191	190	190	190
	Economic services		859	859	823	823	823
		Natural resources	136	136	115	115	115
		Commerce, industries, and tourism	68	68	64	64	64
		Transportation and communications	175	175	159	159	159
		Works and energy	197	197	196	196	196
		Line and Phoenix	181	181	185	185	185
		Labor, employment, and cooperatives	102	102	104	104	104

Source: Data provided by the Kiribati authorities.

Table 12.

Kiribati: Government Employees, 2004–08

			2004	2005	2006	2007	2008
Total			4,291	4,291	4,345	4,345	4,345
	General public services		1,227	1,227	1,264	1,264	1,264
		Office of the President	62	62	63	63	63
		Foreign Affairs	43	43	44	44	44
		Judiciary	78	78	78	78	78
		Public Service Commission	6	6	6	6	6
		Parliament	52	52	51	51	51
		Attorney General	25	25	25	25	25
		Audit	53	53	53	53	53
		Home Affairs	196	196	202	202	202
		Finance	172	172	171	171	171
		Public Order and Safety	540	540	571	571	571
	Social services		2,205	2,205	2,258	2,258	2,258
		Education	1,353	1,353	1,349	1,349	1,349
		Health	661	661	719	719	719
		Environment and social welfare	191	191	190	190	190
	Economic services		859	859	823	823	823
		Natural resources	136	136	115	115	115
		Commerce, industries, and tourism	68	68	64	64	64
		Transportation and communications	175	175	159	159	159
		Works and energy	197	197	196	196	196
		Line and Phoenix	181	181	185	185	185
		Labor, employment, and cooperatives	102	102	104	104	104

Source: Data provided by the Kiribati authorities.

Table 13.

Kiribati: Selected Central Government Budgetary Subsidies to Public Enterprises, 2004–08

(In thousands of Australian dollars)

Source: Data provided by the Kiribati authorities.

^{^1/}Includes payments of debt service for public enterprises.

Table 13.

Kiribati: Selected Central Government Budgetary Subsidies to Public Enterprises, 2004–08

(In thousands of Australian dollars)

		2004	2005	2006	2007	2008
Air Tungaru/Kiribati		243.5	4.3	…	…	120.0
Christmas Island Air Service Charter Subsidy		1,050.0	2,949.8	500.0	…	…
Public Utilities Board		480.0	480.0	480.0	480.0	980.0
Kiribati Housing Corporation		260.0	260.0	…	…	250.0
Other ^1/		26.0	150.0	150.0	150.0	460.1
Total		2,060.0	3,844.1	1,130.0	630.0	1,810.1
	(In percent of current expenditure)	2.1	4.8	1.4	0.7	2.0
	(In percent of GDP)	1.5	2.8	0.8	0.4	1.1

Source: Data provided by the Kiribati authorities.

^{^1/}Includes payments of debt service for public enterprises.

Table 13.

Kiribati: Selected Central Government Budgetary Subsidies to Public Enterprises, 2004–08

(In thousands of Australian dollars)

		2004	2005	2006	2007	2008
Air Tungaru/Kiribati		243.5	4.3	…	…	120.0
Christmas Island Air Service Charter Subsidy		1,050.0	2,949.8	500.0	…	…
Public Utilities Board		480.0	480.0	480.0	480.0	980.0
Kiribati Housing Corporation		260.0	260.0	…	…	250.0
Other ^1/		26.0	150.0	150.0	150.0	460.1
Total		2,060.0	3,844.1	1,130.0	630.0	1,810.1
	(In percent of current expenditure)	2.1	4.8	1.4	0.7	2.0
	(In percent of GDP)	1.5	2.8	0.8	0.4	1.1

Source: Data provided by the Kiribati authorities.

^{^1/}Includes payments of debt service for public enterprises.

Table 14.

Kiribati: Bank of Kiribati Balance Sheet, 2003–06 ^1/

(In millions of Australian dollars; end-September)

Sources: Data provided by the Authorities; Bank of Kiribati; and Fund staff estimates.

^{^1/}Bank of Kiribati Limited is the sole commercial bank in Kiribati.

Table 14.

Kiribati: Bank of Kiribati Balance Sheet, 2003–06 ^1/

(In millions of Australian dollars; end-September)

		2003	2004	2005	2006
Net foreign assets		53.5	42.7	18.4	7.7
Domestic credit		4.4	35.0	47.6	60.7
Cash		2.2	6.1	7.7	4.1
Other items, net		8.2	−10.4	−17.8	−13.7
Deposits		68.3	73.5	55.9	58.7
	Demand	31.1	34.0	12.7	12.8
	Savings	10.7	28.5	34.4	37.5
	Time	26.4	11.0	8.8	8.4
Money supply (M2)		68.3	73.5	55.9	58.7

Sources: Data provided by the Authorities; Bank of Kiribati; and Fund staff estimates.

^{^1/}Bank of Kiribati Limited is the sole commercial bank in Kiribati.

Table 14.

Kiribati: Bank of Kiribati Balance Sheet, 2003–06 ^1/

(In millions of Australian dollars; end-September)

		2003	2004	2005	2006
Net foreign assets		53.5	42.7	18.4	7.7
Domestic credit		4.4	35.0	47.6	60.7
Cash		2.2	6.1	7.7	4.1
Other items, net		8.2	−10.4	−17.8	−13.7
Deposits		68.3	73.5	55.9	58.7
	Demand	31.1	34.0	12.7	12.8
	Savings	10.7	28.5	34.4	37.5
	Time	26.4	11.0	8.8	8.4
Money supply (M2)		68.3	73.5	55.9	58.7

Sources: Data provided by the Authorities; Bank of Kiribati; and Fund staff estimates.

^{^1/}Bank of Kiribati Limited is the sole commercial bank in Kiribati.

Table 15.

Kiribati: Bank of Kiribati Interest Rates, 2003–06

(In percent per annum; end of period)

Sources: Data provided by the Kiribati authorities; and IMF, International Financial Statistics.

^{^1/}Minimum deposit $A100; no restrictions on withdrawals.

^{^2/}Minimum deposit $A500.

^{^3/}Weighted average rate of short-term loans.

Table 15.

Kiribati: Bank of Kiribati Interest Rates, 2003–06

(In percent per annum; end of period)

			2003	2004	2005	2006
Deposit rates
	Savings accounts		0.25	0.50	0.50	1.00
	Island accounts ^1/		1.75	1.75	1.50	1.50
	Statement savings		1.50	1.50	2.50	2.50
	Term deposits under $A50,000 ^2/
		6 months	1.65	1.70	1.75	1.75
		12 months	2.20	2.20	2.20	2.25
	Term deposits over $A50,000
		7 days	2.01	2.20	2.40	2.50
		14 days	2.00	2.35	2.00	2.50
		1 month	2.00	2.17	2.18	2.20
		2 months	2.75	2.75	2.80	2.85
		3 months	2.80	2.85	2.85	2.90
		6 months	3.50	3.50	3.56	3.60
Loan rates
	Secured		8.50	8.50	8.00	8.00
	Unsecured		10.10	10.00	11.00	11.00
	Unauthorized overdraft rate		13.50	1.35	1.35	13.00
Memorandum item
	Australian Money market rate ^3/		4.81	5.25	5.46	5.81

Sources: Data provided by the Kiribati authorities; and IMF, International Financial Statistics.

^{^1/}Minimum deposit $A100; no restrictions on withdrawals.

^{^2/}Minimum deposit $A500.

^{^3/}Weighted average rate of short-term loans.

Table 15.

Kiribati: Bank of Kiribati Interest Rates, 2003–06

(In percent per annum; end of period)

			2003	2004	2005	2006
Deposit rates
	Savings accounts		0.25	0.50	0.50	1.00
	Island accounts ^1/		1.75	1.75	1.50	1.50
	Statement savings		1.50	1.50	2.50	2.50
	Term deposits under $A50,000 ^2/
		6 months	1.65	1.70	1.75	1.75
		12 months	2.20	2.20	2.20	2.25
	Term deposits over $A50,000
		7 days	2.01	2.20	2.40	2.50
		14 days	2.00	2.35	2.00	2.50
		1 month	2.00	2.17	2.18	2.20
		2 months	2.75	2.75	2.80	2.85
		3 months	2.80	2.85	2.85	2.90
		6 months	3.50	3.50	3.56	3.60
Loan rates
	Secured		8.50	8.50	8.00	8.00
	Unsecured		10.10	10.00	11.00	11.00
	Unauthorized overdraft rate		13.50	1.35	1.35	13.00
Memorandum item
	Australian Money market rate ^3/		4.81	5.25	5.46	5.81

Sources: Data provided by the Kiribati authorities; and IMF, International Financial Statistics.

^{^1/}Minimum deposit $A100; no restrictions on withdrawals.

^{^2/}Minimum deposit $A500.

^{^3/}Weighted average rate of short-term loans.

Table 16.

Kiribati: Assets and Liabilities of the Kiribati Provident Fund, 2004–08

(In millions of Australian dollars; end of period)

Sources: Data provided by the Kiribati authorities.

^{^1/}Book value, including reinvested interest income.

^{^2/}Includes interest stabilization reserves, special death benefit reserves, and accumulated surpluses.

Table 16.

Kiribati: Assets and Liabilities of the Kiribati Provident Fund, 2004–08

(In millions of Australian dollars; end of period)

			2004	2005	2006	2007	2008
Assets			83.1	94.4	106.6	103.3	84.0
	Common stocks		0.1	0.1	0.1	0.1	0.1
	Foreign investments		81.2	92.9	91.9	96.0	76.9
		Foreign equities	40.8	46.4	45.8	47.7	37.7
		Foreign government bonds ^1/	40.3	46.4	46.1	48.3	39.2
	Current assets		0.4	0.0	13.1	5.7	5.5
		Bank of Kiribati deposits	0.2	−0.4	12.1	4.7	4.5
		Other domestic assets	0.2	0.4	1.0	1.0	1.0
	Fixed assets		1.5	1.5	1.5	1.5	1.5
Liabilities			83.1	94.4	106.6	103.3	84.0
	Members’ accounts		84.7	90.6	94.1	101.4	105.5
	General reserves ^2/		−2.2	3.2	12.4	1.8	−21.6
	Current liabilities		0.6	0.6	0.1	0.1	0.1
Memorandum items
	Change in members’ accounts		5.6	5.9	3.5	7.3	4.1
		Contributions	7.8	8.5	9.4	9.5	9.3
		Interest	5.0	5.8	6.1	7.1	5.1
		Withdrawals	−7.2	−8.4	−12.0	−9.3	−10.3
	Interest rate paid to members
		(In percent per annum)	7.0	7.0	7.5	7.5	5.0

Sources: Data provided by the Kiribati authorities.

^{^1/}Book value, including reinvested interest income.

^{^2/}Includes interest stabilization reserves, special death benefit reserves, and accumulated surpluses.

Table 16.

Kiribati: Assets and Liabilities of the Kiribati Provident Fund, 2004–08

(In millions of Australian dollars; end of period)

			2004	2005	2006	2007	2008
Assets			83.1	94.4	106.6	103.3	84.0
	Common stocks		0.1	0.1	0.1	0.1	0.1
	Foreign investments		81.2	92.9	91.9	96.0	76.9
		Foreign equities	40.8	46.4	45.8	47.7	37.7
		Foreign government bonds ^1/	40.3	46.4	46.1	48.3	39.2
	Current assets		0.4	0.0	13.1	5.7	5.5
		Bank of Kiribati deposits	0.2	−0.4	12.1	4.7	4.5
		Other domestic assets	0.2	0.4	1.0	1.0	1.0
	Fixed assets		1.5	1.5	1.5	1.5	1.5
Liabilities			83.1	94.4	106.6	103.3	84.0
	Members’ accounts		84.7	90.6	94.1	101.4	105.5
	General reserves ^2/		−2.2	3.2	12.4	1.8	−21.6
	Current liabilities		0.6	0.6	0.1	0.1	0.1
Memorandum items
	Change in members’ accounts		5.6	5.9	3.5	7.3	4.1
		Contributions	7.8	8.5	9.4	9.5	9.3
		Interest	5.0	5.8	6.1	7.1	5.1
		Withdrawals	−7.2	−8.4	−12.0	−9.3	−10.3
	Interest rate paid to members
		(In percent per annum)	7.0	7.0	7.5	7.5	5.0

Sources: Data provided by the Kiribati authorities.

^{^1/}Book value, including reinvested interest income.

^{^2/}Includes interest stabilization reserves, special death benefit reserves, and accumulated surpluses.

Table 17.

Kiribati: Assets and Liabilities of Development Bank of Kiribati, 2004–08

(In millions of Australian dollars; end of period)

Source: Data provided by the Kiribati authorities.

^{^1/}Includes Asian Development Bank loan and European Investment Bank long-term loan.

Table 17.

Kiribati: Assets and Liabilities of Development Bank of Kiribati, 2004–08

(In millions of Australian dollars; end of period)

			2004	2005	2006	2007	2008
Assets			6.7	7.6	7.9	9.5	9.5
	Loans and investments		6.4	7.0	7.2	8.7	9.2
	Cash and bank balances		0.2	0.4	0.6	0.7	0.1
	Other assets		0.1	0.2	0.1	0.1	0.2
Liabilities			6.7	7.6	7.9	9.5	9.5
	Capital		3.8	3.8	3.8	4.0	4.1
		Government investment	4.1	4.1	4.1	4.1	4.1
		Government grants	0.1	0.1	0.1	0.1	0.1
		Retained earnings	−0.4	−0.4	−0.4	−0.2	−0.1
	Current liabilities		0.3	0.2	0.2	1.8	1.8
	Other liabilities ^1/		2.6	3.6	4.0	3.7	3.6

Source: Data provided by the Kiribati authorities.

^{^1/}Includes Asian Development Bank loan and European Investment Bank long-term loan.

Table 17.

Kiribati: Assets and Liabilities of Development Bank of Kiribati, 2004–08

(In millions of Australian dollars; end of period)

			2004	2005	2006	2007	2008
Assets			6.7	7.6	7.9	9.5	9.5
	Loans and investments		6.4	7.0	7.2	8.7	9.2
	Cash and bank balances		0.2	0.4	0.6	0.7	0.1
	Other assets		0.1	0.2	0.1	0.1	0.2
Liabilities			6.7	7.6	7.9	9.5	9.5
	Capital		3.8	3.8	3.8	4.0	4.1
		Government investment	4.1	4.1	4.1	4.1	4.1
		Government grants	0.1	0.1	0.1	0.1	0.1
		Retained earnings	−0.4	−0.4	−0.4	−0.2	−0.1
	Current liabilities		0.3	0.2	0.2	1.8	1.8
	Other liabilities ^1/		2.6	3.6	4.0	3.7	3.6

Source: Data provided by the Kiribati authorities.

^{^1/}Includes Asian Development Bank loan and European Investment Bank long-term loan.

Table 18.

Kiribati: Balance of Payments Summary, 2003–2008

(In millions of U.S. dollars)

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

^{^1/}Includes fishing license fees, which would be shown as current transfers under conventional international guidelines.

^{^2/}Excludes valuation changes.

^{^3/}Comprises the Consolidated Fund, Development Fund, and STABEX Fund.

^{^4/}External debt at end-2002 is adjusted by $A3.2 million reflecting forgiven debt.

Table 18.

Kiribati: Balance of Payments Summary, 2003–2008

(In millions of U.S. dollars)

					2003	2004	2005	2006	2007	2008
Current account balance					−16.9	−11.0	−20.2	−3.1	−1.3	−1.3
	Trade balance				−49.5	−57.8	−73.6	−60.3	−66.5	−71.6
		Exports, f.o.b.			3.6	3.1	5.3	3.2	3.9	4.8
		Imports, f.o.b.			53.1	60.9	78.9	63.6	70.3	76.4
	Balance on services				−18.8	−22.4	−33.0	−23.5	−33.0	−31.0
		Credit			10.9	9.1	11.5	8.4	9.5	12.1
		Debit			29.7	31.5	44.5	32.0	42.5	43.0
	Balance on factor income ^1/				36.0	37.9	47.1	51.3	58.3	61.9
		Credit			43.4	48.4	49.0	53.8	62.4	65.1
			Fishing license fees		19.6	21.3	19.1	19.4	21.3	22.3
			Investment income		17.9	21.6	21.4	22.6	28.5	32.4
			Seamen’s remittances		5.8	7.4	9.3	12.7	10.4	10.4
		Debit			7.4	10.5	1.9	2.5	4.2	3.2
	Balance on current transfers				15.4	31.3	39.4	29.5	39.9	39.4
		Credit			19.5	35.8	45.7	37.4	49.9	49.5
			Of which: Government		19.0	35.3	45.1	36.8	49.2	48.8
		Debit			4.1	4.5	6.4	7.9	10.1	10.1
			Of which: Government		2.0	2.2	4.1	5.6	7.3	7.2
Financial and capital account balance					24.4	35.0	−2.5	3.2	0.6	7.1
	Government				46.2	62.5	17.2	24.9	31.0	30.7
		Capital transfers			46.2	61.8	18.2	24.9	31.0	30.7
		Loans (net)			0.0	0.8	−0.9	0.0	0.0	0.0
	Direct investment				0.4	0.5	0.6	0.6	0.3	0.3
	Financial institutions				−22.1	−28.0	−20.3	−22.3	−30.7	−23.9
Errors and omissions					−14.8	−19.7	17.5	−7.9	0.2	5.2
Overall balance					−7.2	4.3	−5.2	−7.9	−0.4	11.1
Change in external assets (increase -) ^2/					7.2	−4.3	5.2	7.9	0.4	−11.1
	Revenue Equalization Reserve Fund				−9.0	4.5	−3.2	9.5	14.1	−6.7
	Government funds ^3/				16.3	−8.8	8.4	−1.7	−13.6	−4.4
Memorandum items
	Balance on goods and services (percent of GDP)				−78.8	−80.5	−100.9	−78.4	−78.0	−75.1
	Current account balance (percent of GDP)				−19.5	−11.1	−19.1	−2.9	−1.0	−0.9
	Current account balance excluding official grants				−82.1	−108.1	−83.5	−64.8	−81.5	−80.9
		(In percent of GDP)			−94.7	−108.4	−79.0	−60.6	−64.0	−59.2
	Official external assets				427.8	474.3	481.0	530.6	585.9	411.5
		(In years of imports)			5.2	5.1	3.9	5.6	5.2	3.4
			Foreign reserve assets		15.0	25.1	15.6	18.5	35.0	31.0
				(In months of imports of goods and services)	1.9	3.1	1.6	2.2	3.5	3.8
			Other assets		412.8	449.2	465.5	512.1	550.9	380.5
	External debt ^4/				11.7	13.0	11.3	13.1	12.9	10.1
		(In percent of GDP)			11.8	12.3	11.2	11.7	9.6	9.1
	External debt service				1.1	0.7	1.2	0.4	2.2	1.7
		(In percent of exports of goods and services)			6.5	5.2	7.6	2.9	15.4	12.3

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

^{^1/}Includes fishing license fees, which would be shown as current transfers under conventional international guidelines.

^{^2/}Excludes valuation changes.

^{^3/}Comprises the Consolidated Fund, Development Fund, and STABEX Fund.

^{^4/}External debt at end-2002 is adjusted by $A3.2 million reflecting forgiven debt.

Table 18.

Kiribati: Balance of Payments Summary, 2003–2008

(In millions of U.S. dollars)

					2003	2004	2005	2006	2007	2008
Current account balance					−16.9	−11.0	−20.2	−3.1	−1.3	−1.3
	Trade balance				−49.5	−57.8	−73.6	−60.3	−66.5	−71.6
		Exports, f.o.b.			3.6	3.1	5.3	3.2	3.9	4.8
		Imports, f.o.b.			53.1	60.9	78.9	63.6	70.3	76.4
	Balance on services				−18.8	−22.4	−33.0	−23.5	−33.0	−31.0
		Credit			10.9	9.1	11.5	8.4	9.5	12.1
		Debit			29.7	31.5	44.5	32.0	42.5	43.0
	Balance on factor income ^1/				36.0	37.9	47.1	51.3	58.3	61.9
		Credit			43.4	48.4	49.0	53.8	62.4	65.1
			Fishing license fees		19.6	21.3	19.1	19.4	21.3	22.3
			Investment income		17.9	21.6	21.4	22.6	28.5	32.4
			Seamen’s remittances		5.8	7.4	9.3	12.7	10.4	10.4
		Debit			7.4	10.5	1.9	2.5	4.2	3.2
	Balance on current transfers				15.4	31.3	39.4	29.5	39.9	39.4
		Credit			19.5	35.8	45.7	37.4	49.9	49.5
			Of which: Government		19.0	35.3	45.1	36.8	49.2	48.8
		Debit			4.1	4.5	6.4	7.9	10.1	10.1
			Of which: Government		2.0	2.2	4.1	5.6	7.3	7.2
Financial and capital account balance					24.4	35.0	−2.5	3.2	0.6	7.1
	Government				46.2	62.5	17.2	24.9	31.0	30.7
		Capital transfers			46.2	61.8	18.2	24.9	31.0	30.7
		Loans (net)			0.0	0.8	−0.9	0.0	0.0	0.0
	Direct investment				0.4	0.5	0.6	0.6	0.3	0.3
	Financial institutions				−22.1	−28.0	−20.3	−22.3	−30.7	−23.9
Errors and omissions					−14.8	−19.7	17.5	−7.9	0.2	5.2
Overall balance					−7.2	4.3	−5.2	−7.9	−0.4	11.1
Change in external assets (increase -) ^2/					7.2	−4.3	5.2	7.9	0.4	−11.1
	Revenue Equalization Reserve Fund				−9.0	4.5	−3.2	9.5	14.1	−6.7
	Government funds ^3/				16.3	−8.8	8.4	−1.7	−13.6	−4.4
Memorandum items
	Balance on goods and services (percent of GDP)				−78.8	−80.5	−100.9	−78.4	−78.0	−75.1
	Current account balance (percent of GDP)				−19.5	−11.1	−19.1	−2.9	−1.0	−0.9
	Current account balance excluding official grants				−82.1	−108.1	−83.5	−64.8	−81.5	−80.9
		(In percent of GDP)			−94.7	−108.4	−79.0	−60.6	−64.0	−59.2
	Official external assets				427.8	474.3	481.0	530.6	585.9	411.5
		(In years of imports)			5.2	5.1	3.9	5.6	5.2	3.4
			Foreign reserve assets		15.0	25.1	15.6	18.5	35.0	31.0
				(In months of imports of goods and services)	1.9	3.1	1.6	2.2	3.5	3.8
			Other assets		412.8	449.2	465.5	512.1	550.9	380.5
	External debt ^4/				11.7	13.0	11.3	13.1	12.9	10.1
		(In percent of GDP)			11.8	12.3	11.2	11.7	9.6	9.1
	External debt service				1.1	0.7	1.2	0.4	2.2	1.7
		(In percent of exports of goods and services)			6.5	5.2	7.6	2.9	15.4	12.3

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

^{^1/}Includes fishing license fees, which would be shown as current transfers under conventional international guidelines.

^{^2/}Excludes valuation changes.

^{^3/}Comprises the Consolidated Fund, Development Fund, and STABEX Fund.

^{^4/}External debt at end-2002 is adjusted by $A3.2 million reflecting forgiven debt.

Table 19.

Kiribati: Composition of Exports, 2003–07

(Value in millions of Australian dollars; volume in metric tons; unit value in Australian dollars per metric ton)

Sources: Data provided by the Kiribati authorities.

Table 19.

Kiribati: Composition of Exports, 2003–07

(Value in millions of Australian dollars; volume in metric tons; unit value in Australian dollars per metric ton)

				2003	2004	2005	2006	2007
Total exports, f.o.b.				5.5	4.3	6.9	4.3	4.6
	(In percent of GDP)			4.2	3.2	5.0	3.0	3.0
	Domestic exports			3.7	3.1	4.0	…	…
		Copra
			Value	2.1	1.6	2.3	…	…
			Volume	7,134.0	5,353.0	8,833.0	…	…
			Unit value	296.3	295.0	263.7	…	…
		Fish
			Value	0.0	0.1	0.1	…	…
			Volume	1.0	…	…	…	…
			Unit value	12,000.0	…	…	…	…
		Seaweed
			Value	0.4	0.4	0.3	…	…
			Volume	467.0	408.0	400.0	…	…
			Unit value	824.4	941.2	750.0	…	…
		Shark fins
			Value	0.5	…	…	…	…
			Volume	3	…	…	…	…
			Unit value	156,333.3	…	…	…	…
		Pet fish
			Value	0.3	…	…	…	…
			Volume	…	…	…	…	…
			Unit value	…	…	…	…	…
		Others (value)		0.4	1.3	1.9	…	…
	Reexports (value)			0.8	0.2	0.6	…	…
	Errors and omissions			1.1	0.9	2.3	…	…

Sources: Data provided by the Kiribati authorities.

Table 19.

Kiribati: Composition of Exports, 2003–07

(Value in millions of Australian dollars; volume in metric tons; unit value in Australian dollars per metric ton)

				2003	2004	2005	2006	2007
Total exports, f.o.b.				5.5	4.3	6.9	4.3	4.6
	(In percent of GDP)			4.2	3.2	5.0	3.0	3.0
	Domestic exports			3.7	3.1	4.0	…	…
		Copra
			Value	2.1	1.6	2.3	…	…
			Volume	7,134.0	5,353.0	8,833.0	…	…
			Unit value	296.3	295.0	263.7	…	…
		Fish
			Value	0.0	0.1	0.1	…	…
			Volume	1.0	…	…	…	…
			Unit value	12,000.0	…	…	…	…
		Seaweed
			Value	0.4	0.4	0.3	…	…
			Volume	467.0	408.0	400.0	…	…
			Unit value	824.4	941.2	750.0	…	…
		Shark fins
			Value	0.5	…	…	…	…
			Volume	3	…	…	…	…
			Unit value	156,333.3	…	…	…	…
		Pet fish
			Value	0.3	…	…	…	…
			Volume	…	…	…	…	…
			Unit value	…	…	…	…	…
		Others (value)		0.4	1.3	1.9	…	…
	Reexports (value)			0.8	0.2	0.6	…	…
	Errors and omissions			1.1	0.9	2.3	…	…

Sources: Data provided by the Kiribati authorities.

Table 20.

Kiribati: Composition of Imports, 2003–07

(In millions of Australian dollars)

Sources: Data provided by the Kiribati authorities.

Table 20.

Kiribati: Composition of Imports, 2003–07

(In millions of Australian dollars)

		2003	2004	2005	2006	2007
Total imports, f.o.b.		81.5	82.7	103.3	84.4	83.9
	(In percent of GDP)	61.3	61.2	74.7	59.5	55.2
	Food and live animals	24.2	26.3	30.2	…	…
	Beverages and tobacco	7.8	7.9	8.5	…	…
	Crude materials	1.4	1.5	1.4	…	…
	Mineral fuels	10.4	9.9	16.5	…	…
	Animal and vegetable oils and fats	0.8	0.7	0.6	…	…
	Chemicals	4.1	2.8	4.2	…	…
	Manufactured goods	11.2	8.5	11.6	…	…
	Machinery and transportation equipment	14.1	16.6	21.7	…	…
	Miscellaneous manufactured articles	6.3	6.2	4.8	…	…
	Other	0.6	0.3	0.5	…	…

Sources: Data provided by the Kiribati authorities.

Table 20.

Kiribati: Composition of Imports, 2003–07

(In millions of Australian dollars)

		2003	2004	2005	2006	2007
Total imports, f.o.b.		81.5	82.7	103.3	84.4	83.9
	(In percent of GDP)	61.3	61.2	74.7	59.5	55.2
	Food and live animals	24.2	26.3	30.2	…	…
	Beverages and tobacco	7.8	7.9	8.5	…	…
	Crude materials	1.4	1.5	1.4	…	…
	Mineral fuels	10.4	9.9	16.5	…	…
	Animal and vegetable oils and fats	0.8	0.7	0.6	…	…
	Chemicals	4.1	2.8	4.2	…	…
	Manufactured goods	11.2	8.5	11.6	…	…
	Machinery and transportation equipment	14.1	16.6	21.7	…	…
	Miscellaneous manufactured articles	6.3	6.2	4.8	…	…
	Other	0.6	0.3	0.5	…	…

Sources: Data provided by the Kiribati authorities.

Table 21.

Kiribati: Services and Income, 2003–07

(In millions of Australian dollars)

Sources: Data provided by the Kiribati authorities.

^{^1/}Includes fishing license fees, which would be shown as current transfers under conventional international guidelines.

Table 21.

Kiribati: Services and Income, 2003–07

(In millions of Australian dollars)

			2003	2004	2005	2006	2007
Balance on services			−28.9	−30.5	−43.2	−31.2	−39.3
	(In percent of GDP)		−21.7	−22.5	−31.3	−22.0	−25.9
	Credit		16.7	12.4	15.0	11.2	11.3
		Transportation	3.3	3.4	5.1	3.1	1.2
		Travel	4.7	3.2	4.0	3.4	4.8
		Communication	2.5	2.6	2.7	2.7	2.7
		Other	6.2	3.2	3.2	2.0	2.5
	Debit		45.5	42.8	58.2	42.4	50.6
		Transportation	23.7	22.8	32.4	23.8	27.3
		Other	21.9	20.0	25.9	18.7	23.3
Balance on factor income ^1/			55.2	51.4	61.6	68.1	69.5
	(In percent of GDP)		41.5	38.0	44.6	47.9	45.7
	Credit		66.5	65.7	64.1	71.4	74.5
		Fishing license fees	30.1	28.9	25.0	25.8	25.4
		Investment income	27.4	29.4	28.0	30.0	34.0
		Seamen’s remittances	8.9	10.0	12.2	16.9	12.5
	Debit		11.3	14.3	2.5	3.4	5.0

Sources: Data provided by the Kiribati authorities.

^{^1/}Includes fishing license fees, which would be shown as current transfers under conventional international guidelines.

Table 21.

Kiribati: Services and Income, 2003–07

(In millions of Australian dollars)

			2003	2004	2005	2006	2007
Balance on services			−28.9	−30.5	−43.2	−31.2	−39.3
	(In percent of GDP)		−21.7	−22.5	−31.3	−22.0	−25.9
	Credit		16.7	12.4	15.0	11.2	11.3
		Transportation	3.3	3.4	5.1	3.1	1.2
		Travel	4.7	3.2	4.0	3.4	4.8
		Communication	2.5	2.6	2.7	2.7	2.7
		Other	6.2	3.2	3.2	2.0	2.5
	Debit		45.5	42.8	58.2	42.4	50.6
		Transportation	23.7	22.8	32.4	23.8	27.3
		Other	21.9	20.0	25.9	18.7	23.3
Balance on factor income ^1/			55.2	51.4	61.6	68.1	69.5
	(In percent of GDP)		41.5	38.0	44.6	47.9	45.7
	Credit		66.5	65.7	64.1	71.4	74.5
		Fishing license fees	30.1	28.9	25.0	25.8	25.4
		Investment income	27.4	29.4	28.0	30.0	34.0
		Seamen’s remittances	8.9	10.0	12.2	16.9	12.5
	Debit		11.3	14.3	2.5	3.4	5.0

Sources: Data provided by the Kiribati authorities.

^{^1/}Includes fishing license fees, which would be shown as current transfers under conventional international guidelines.

Table 22.

Kiribati: Tourism Arrivals, 2003–07

Source: Data provided by the Kiribati authorities.

Table 22.

Kiribati: Tourism Arrivals, 2003–07

	2003	2004	2005	2006	2007
Business	1,574	1,284	1,758	1,020	1,994
Visiting friends and relatives	824	1,312	754	384	660
Holiday	240	95	261	157	334
Transit	1,043	275	87	243	393
Others	186	207	177	200	218
Total	3,867	3,172	3,037	2,004	2,599

Source: Data provided by the Kiribati authorities.

Table 22.

Kiribati: Tourism Arrivals, 2003–07

	2003	2004	2005	2006	2007
Business	1,574	1,284	1,758	1,020	1,994
Visiting friends and relatives	824	1,312	754	384	660
Holiday	240	95	261	157	334
Transit	1,043	275	87	243	393
Others	186	207	177	200	218
Total	3,867	3,172	3,037	2,004	2,599

Source: Data provided by the Kiribati authorities.

Table 23.

Kiribati: External Grants by Principal Donors, 2003–07

(In millions of Australian dollars)

Source: Data provided by the Kiribati authorities.

^{^1/}Including technical assistance grants from the Asian Development Bank.

Table 23.

Kiribati: External Grants by Principal Donors, 2003–07

(In millions of Australian dollars)

		2003	2004	2005	2006	2007
Multilateral donors		9.9	13.9	7.8	3.9	2.7
	European Community	7.8	11.0	6.5	3.3	2.0
	UNDP	1.2	1.6	1.1	0.6	0.6
	WHO	0.9	1.4	0.3	0.1	0.2
Bilateral donors		45.3	45.8	39.1	52.5	70.7
	Australia	12.6	11.2	11.2	9.0	7.7
	China	14.6	7.6	0.0	0.0	0.0
	Japan	11.6	12.0	10.2	9.0	10.7
	New Zealand	3.9	4.6	3.8	3.6	3.4
	USAID	2.5	1.5	1.5	2.5	2.5
Taiwan POC		0.0	8.8	12.5	14.1	10.1
Other donors ^1/		13.3	7.9	8.8	14.3	36.3
Total grants		68.5	67.6	55.8	70.7	109.8

Source: Data provided by the Kiribati authorities.

^{^1/}Including technical assistance grants from the Asian Development Bank.

Table 23.

Kiribati: External Grants by Principal Donors, 2003–07

(In millions of Australian dollars)

		2003	2004	2005	2006	2007
Multilateral donors		9.9	13.9	7.8	3.9	2.7
	European Community	7.8	11.0	6.5	3.3	2.0
	UNDP	1.2	1.6	1.1	0.6	0.6
	WHO	0.9	1.4	0.3	0.1	0.2
Bilateral donors		45.3	45.8	39.1	52.5	70.7
	Australia	12.6	11.2	11.2	9.0	7.7
	China	14.6	7.6	0.0	0.0	0.0
	Japan	11.6	12.0	10.2	9.0	10.7
	New Zealand	3.9	4.6	3.8	3.6	3.4
	USAID	2.5	1.5	1.5	2.5	2.5
Taiwan POC		0.0	8.8	12.5	14.1	10.1
Other donors ^1/		13.3	7.9	8.8	14.3	36.3
Total grants		68.5	67.6	55.8	70.7	109.8

Source: Data provided by the Kiribati authorities.

^{^1/}Including technical assistance grants from the Asian Development Bank.

Table 24.

Kiribati: External Assets and Liabilities, 2004–08

(In millions of Australian dollars)

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

^{^1/}Comprises the Consolidated, Development, and STABEX Funds.

^{^2/}Includes accrued interest not received, unrealized capital gains, and the effects of exchange rate changes.

Table 24.

Kiribati: External Assets and Liabilities, 2004–08

(In millions of Australian dollars)

				2004	2005	2006	2007	2008
Total external assets				749.9	770.8	790.1	…	…
	Official external assets			608.8	655.6	670.6	664.6	594.0
		Revenue Equalization Reserve Fund		589.1	646.8	659.6	637.3	561.6
		Government funds ^1/		19.8	8.8	11.0	27.2	32.4
	Other external assets			141.0	115.3	119.5	…	…
		Bank of Kiribati		59.8	22.4	27.6	…	…
		Kiribati Provident Fund		81.2	92.9	91.9	96.0	76.9
		Kiribati Copra Cooperative Society		0.0	0.0	0.0	0.0	0.0
Total external debt				16.7	15.5	16.6	14.6	14.6
Memorandum items
	Revenue Equalization Reserve Fund
		Opening balance		562.6	589.1	646.8	659.6	637.3
		Changes, net		26.5	57.8	12.8	−22.2	−75.7
			Interest and dividends	21.6	21.0	22.4	30.0	34.2
			Contributions from the government	0.0	0.0	0.0	0.0	0.0
			Transfers to the budget	−25.7	−15.0	−33.5	−45.0	−25.0
			Management fees	−2.0	−1.8	−1.6	−1.8	−1.4
			Valuation and currency gains ^2/	32.6	53.6	25.4	−5.5	−83.5
		Closing balance		589.1	646.8	659.6	637.3	561.6

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

^{^1/}Comprises the Consolidated, Development, and STABEX Funds.

^{^2/}Includes accrued interest not received, unrealized capital gains, and the effects of exchange rate changes.

Table 24.

Kiribati: External Assets and Liabilities, 2004–08

(In millions of Australian dollars)

				2004	2005	2006	2007	2008
Total external assets				749.9	770.8	790.1	…	…
	Official external assets			608.8	655.6	670.6	664.6	594.0
		Revenue Equalization Reserve Fund		589.1	646.8	659.6	637.3	561.6
		Government funds ^1/		19.8	8.8	11.0	27.2	32.4
	Other external assets			141.0	115.3	119.5	…	…
		Bank of Kiribati		59.8	22.4	27.6	…	…
		Kiribati Provident Fund		81.2	92.9	91.9	96.0	76.9
		Kiribati Copra Cooperative Society		0.0	0.0	0.0	0.0	0.0
Total external debt				16.7	15.5	16.6	14.6	14.6
Memorandum items
	Revenue Equalization Reserve Fund
		Opening balance		562.6	589.1	646.8	659.6	637.3
		Changes, net		26.5	57.8	12.8	−22.2	−75.7
			Interest and dividends	21.6	21.0	22.4	30.0	34.2
			Contributions from the government	0.0	0.0	0.0	0.0	0.0
			Transfers to the budget	−25.7	−15.0	−33.5	−45.0	−25.0
			Management fees	−2.0	−1.8	−1.6	−1.8	−1.4
			Valuation and currency gains ^2/	32.6	53.6	25.4	−5.5	−83.5
		Closing balance		589.1	646.8	659.6	637.3	561.6

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

^{^1/}Comprises the Consolidated, Development, and STABEX Funds.

^{^2/}Includes accrued interest not received, unrealized capital gains, and the effects of exchange rate changes.

Other Publishers

Save
Cite
Email this content

Share Link

Copy this link, or click below to email it to a friend
Email this content
or copy the link directly:

https://www.elibrary.imf.org/view/journals/002/2009/196/article-A005-en.xml
The link was not copied. Your current browser may not support copying via this button.

Link copied successfully

Collapse
Expand

Kiribati: Selected Issues and Statistical Appendix

Author:

International Monetary Fund

Volume/Issue:: Volume 2009: Issue 196

Publisher:: International Monetary Fund

ISBN:: 9781451821901

ISSN:: 1934-7685

Pages:: 49

DOI:: https://doi.org/10.5089/9781451821901.002

Keywords

Table 24.

Kiribati: External Assets and Liabilities, 2004–08

(In millions of Australian dollars)

				2004	2005	2006	2007	2008
Total external assets				749.9	770.8	790.1	…	…
	Official external assets			608.8	655.6	670.6	664.6	594.0
		Revenue Equalization Reserve Fund		589.1	646.8	659.6	637.3	561.6
		Government funds ^1/		19.8	8.8	11.0	27.2	32.4
	Other external assets			141.0	115.3	119.5	…	…
		Bank of Kiribati		59.8	22.4	27.6	…	…
		Kiribati Provident Fund		81.2	92.9	91.9	96.0	76.9
		Kiribati Copra Cooperative Society		0.0	0.0	0.0	0.0	0.0
Total external debt				16.7	15.5	16.6	14.6	14.6
Memorandum items
	Revenue Equalization Reserve Fund
		Opening balance		562.6	589.1	646.8	659.6	637.3
		Changes, net		26.5	57.8	12.8	−22.2	−75.7
			Interest and dividends	21.6	21.0	22.4	30.0	34.2
			Contributions from the government	0.0	0.0	0.0	0.0	0.0
			Transfers to the budget	−25.7	−15.0	−33.5	−45.0	−25.0
			Management fees	−2.0	−1.8	−1.6	−1.8	−1.4
			Valuation and currency gains ^2/	32.6	53.6	25.4	−5.5	−83.5
		Closing balance		589.1	646.8	659.6	637.3	561.6

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

^{^1/}Comprises the Consolidated, Development, and STABEX Funds.

^{^2/}Includes accrued interest not received, unrealized capital gains, and the effects of exchange rate changes.

Topics

Countries

Series

About

Resources

Abstract

Same Series

Other IMF Content

Other Publishers

Asian Development Bank

Food and Agriculture Organization

Inter-American Development Bank

Nordic Council of Ministers

The World Bank

Share Link

Table of Contents

Headings

Metrics