Kiribati: Statistical Appendix

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.

Abstract

Table 1.

Kiribati: Gross Domestic Product by Economic Activity at Current Prices, 2005–09

(In millions of Australian dollars)

Sources: Data provided by the Kiribati authorities.

Table 1.

Kiribati: Gross Domestic Product by Economic Activity at Current Prices, 2005–09

(In millions of Australian dollars)

		2005	2006	2007	2008	2009
Agriculture, Forestry, Hunting & Fishing		33.4	34.8	38.4	41.2	43.8
	Agriculture	20.1	20.9	24.4	26.5	28.8
	Fishing	13.0	13.6	13.8	14.6	14.8
	Seaweed	0.3	0.3	0.2	0.1	0.2
Mining and Quarrying		0.0	0.1	0.1	0.0	0.0
Manufacturing		6.1	6.5	7.9	8.8	9.5
Electricity, Gas & Water Supply		0.7	0.5	0.3	1.8	2.7
Construction		2.2	3.1	3.0	2.2	2.4
Wholesale & Retail Trade		10.2	7.7	6.4	7.5	8.2
Hotel & Restaurants		0.9	0.9	1.1	1.0	1.0
Transport and Storage		7.8	6.5	9.1	9.2	10.1
Communications		6.6	6.7	7.0	6.9	6.5
Financial Intermediation		9.6	10.4	10.8	11.8	11.5
Real Estate		2.4	2.5	2.7	2.8	2.9
Owner Occupied Dwellings		13.4	13.6	13.9	14.2	14.5
Business Services		1.2	1.2	1.3	1.3	1.4
Public Administration and Defence		21.9	26.5	26.5	27.5	25.8
Education		10.6	11.1	11.1	11.8	11.8
Health		5.2	4.8	4.8	5.2	4.7
Other Community, Social & Personal Services		2.4	2.4	2.5	2.5	2.8
Less Imputed Bank Service Charges		−4.1	−5.6	−6.0	−6.8	−6.6
Plus Taxes on Products		18.6	17.9	20.5	18.0	17.0
Less Subsidies		−6.4	−6.0	−8.5	−9.0	−5.8
GDP at Market Prices		142.7	145.6	152.8	158.0	164.1

Sources: Data provided by the Kiribati authorities.

Table 1.

Kiribati: Gross Domestic Product by Economic Activity at Current Prices, 2005–09

(In millions of Australian dollars)

		2005	2006	2007	2008	2009
Agriculture, Forestry, Hunting & Fishing		33.4	34.8	38.4	41.2	43.8
	Agriculture	20.1	20.9	24.4	26.5	28.8
	Fishing	13.0	13.6	13.8	14.6	14.8
	Seaweed	0.3	0.3	0.2	0.1	0.2
Mining and Quarrying		0.0	0.1	0.1	0.0	0.0
Manufacturing		6.1	6.5	7.9	8.8	9.5
Electricity, Gas & Water Supply		0.7	0.5	0.3	1.8	2.7
Construction		2.2	3.1	3.0	2.2	2.4
Wholesale & Retail Trade		10.2	7.7	6.4	7.5	8.2
Hotel & Restaurants		0.9	0.9	1.1	1.0	1.0
Transport and Storage		7.8	6.5	9.1	9.2	10.1
Communications		6.6	6.7	7.0	6.9	6.5
Financial Intermediation		9.6	10.4	10.8	11.8	11.5
Real Estate		2.4	2.5	2.7	2.8	2.9
Owner Occupied Dwellings		13.4	13.6	13.9	14.2	14.5
Business Services		1.2	1.2	1.3	1.3	1.4
Public Administration and Defence		21.9	26.5	26.5	27.5	25.8
Education		10.6	11.1	11.1	11.8	11.8
Health		5.2	4.8	4.8	5.2	4.7
Other Community, Social & Personal Services		2.4	2.4	2.5	2.5	2.8
Less Imputed Bank Service Charges		−4.1	−5.6	−6.0	−6.8	−6.6
Plus Taxes on Products		18.6	17.9	20.5	18.0	17.0
Less Subsidies		−6.4	−6.0	−8.5	−9.0	−5.8
GDP at Market Prices		142.7	145.6	152.8	158.0	164.1

Sources: Data provided by the Kiribati authorities.

Table 2.

Kiribati: Gross Domestic Product by Economic Activity at Constant 2006 Prices, 2005–09

(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, 2005–09

(In millions of Australian dollars)

		2005	2006	2007	2008	2009
Agriculture, Forestry, Hunting & Fishing		32.2	34.8	34.8	35.4	35.9
	Agriculture	18.9	20.9	20.8	21.2	21.5
	Fishing	13.0	13.6	13.8	14.0	14.3
	Seaweed	0.3	0.3	0.2	0.2	0.2
Mining and Quarrying		0.1	0.1	0.1	0.0	0.0
Manufacturing		6.1	6.5	7.8	7.9	7.5
Electricity, Gas & Water Supply		0.4	0.5	0.5	0.5	0.5
Construction		2.5	3.1	3.0	2.2	2.4
Wholesale & Retail trade		8.9	7.7	7.4	7.8	7.9
Hotel & Restaurants		0.9	0.9	1.3	1.2	1.2
Transport and Storage		6.7	6.5	6.1	5.9	5.4
Communications		5.6	6.7	6.8	6.9	7.1
Financial Intermediation		10.0	10.4	10.2	10.1	10.1
Real Estate		2.4	2.5	2.7	2.8	2.9
Owner Occupied Dwellings		13.4	13.6	13.9	14.2	14.5
Business Services		1.1	1.2	1.2	1.2	1.2
Public Administration and Defence		24.7	26.5	26.5	27.5	25.8
Education		12.0	11.1	11.1	11.8	11.8
Health		5.9	4.8	4.8	5.2	4.7
Other Community, Social & Personal Services		2.3	2.4	2.4	2.2	2.2
Less Imputed Bank Service Charges		−4.3	−5.6	−5.7	−5.8	−5.8
Plus Taxes on Products		18.2	17.9	19.5	15.2	12.8
Less Subsidies		−6.3	−6.0	−8.1	−7.6	−4.4
GDP at Market Prices		142.9	145.6	146.2	144.6	143.7

Sources: Data provided by the Kiribati authorities.

Table 2.

Kiribati: Gross Domestic Product by Economic Activity at Constant 2006 Prices, 2005–09

(In millions of Australian dollars)

		2005	2006	2007	2008	2009
Agriculture, Forestry, Hunting & Fishing		32.2	34.8	34.8	35.4	35.9
	Agriculture	18.9	20.9	20.8	21.2	21.5
	Fishing	13.0	13.6	13.8	14.0	14.3
	Seaweed	0.3	0.3	0.2	0.2	0.2
Mining and Quarrying		0.1	0.1	0.1	0.0	0.0
Manufacturing		6.1	6.5	7.8	7.9	7.5
Electricity, Gas & Water Supply		0.4	0.5	0.5	0.5	0.5
Construction		2.5	3.1	3.0	2.2	2.4
Wholesale & Retail trade		8.9	7.7	7.4	7.8	7.9
Hotel & Restaurants		0.9	0.9	1.3	1.2	1.2
Transport and Storage		6.7	6.5	6.1	5.9	5.4
Communications		5.6	6.7	6.8	6.9	7.1
Financial Intermediation		10.0	10.4	10.2	10.1	10.1
Real Estate		2.4	2.5	2.7	2.8	2.9
Owner Occupied Dwellings		13.4	13.6	13.9	14.2	14.5
Business Services		1.1	1.2	1.2	1.2	1.2
Public Administration and Defence		24.7	26.5	26.5	27.5	25.8
Education		12.0	11.1	11.1	11.8	11.8
Health		5.9	4.8	4.8	5.2	4.7
Other Community, Social & Personal Services		2.3	2.4	2.4	2.2	2.2
Less Imputed Bank Service Charges		−4.3	−5.6	−5.7	−5.8	−5.8
Plus Taxes on Products		18.2	17.9	19.5	15.2	12.8
Less Subsidies		−6.3	−6.0	−8.1	−7.6	−4.4
GDP at Market Prices		142.9	145.6	146.2	144.6	143.7

Sources: Data provided by the Kiribati authorities.

Table 3.

Kiribati: Contributions to GDP Growth, 2005–09

(Change in percent of previous year total GDP)

Sources: Data provided by the Kiribati authorities.

Table 3.

Kiribati: Contributions to GDP Growth, 2005–09

(Change in percent of previous year total GDP)

		2005	2006	2007	2008	2009
Agriculture, Forestry, Hunting & Fishing		−1.4	1.8	0.0	0.4	0.3
	Agriculture	−1.9	1.4	−0.1	0.3	0.2
	Fishing	0.5	0.4	0.1	0.2	0.2
	Seaweed	0.1	0.0	0.0	−0.1	0.0
Mining and Quarrying		0.0	0.0	0.0	0.0	0.0
Manufacturing		−0.1	0.3	0.9	0.0	−0.2
Electricity, Gas & Water Supply		0.0	0.0	0.0	0.0	0.0
Construction		−0.9	0.4	0.0	−0.6	0.1
Wholesale & Retail Trade		0.4	−0.8	−0.3	0.3	0.1
Hotel & Restaurants		0.0	0.0	0.3	−0.1	0.0
Transport and Storage		1.0	−0.1	−0.3	−0.2	−0.4
Communications		0.1	0.7	0.1	0.1	0.1
Financial Intermediation		1.4	0.3	−0.2	−0.1	0.0
Real Estate		0.1	0.1	0.1	0.1	0.1
Owner Occupied Dwellings		0.2	0.2	0.2	0.2	0.2
Business Services		0.0	0.0	0.0	0.0	0.0
Public Administration and Defence		1.7	1.3	0.0	0.7	−1.2
Education		0.0	−0.6	0.0	0.5	0.0
Health		−0.1	−0.8	0.0	0.2	−0.3
Other Community, Social & Personal Services		0.0	0.0	0.0	−0.2	0.0
Less Imputed Bank Service Charges		−0.5	−0.9	0.0	−0.1	0.0
Plus Taxes on Products		−0.6	−0.2	1.0	−2.9	−1.6
Less Subsidies		−1.2	0.2	−1.4	0.4	2.2
GDP at Market Prices		0.3	1.9	0.4	−1.1	−0.7

Sources: Data provided by the Kiribati authorities.

Table 3.

Kiribati: Contributions to GDP Growth, 2005–09

(Change in percent of previous year total GDP)

		2005	2006	2007	2008	2009
Agriculture, Forestry, Hunting & Fishing		−1.4	1.8	0.0	0.4	0.3
	Agriculture	−1.9	1.4	−0.1	0.3	0.2
	Fishing	0.5	0.4	0.1	0.2	0.2
	Seaweed	0.1	0.0	0.0	−0.1	0.0
Mining and Quarrying		0.0	0.0	0.0	0.0	0.0
Manufacturing		−0.1	0.3	0.9	0.0	−0.2
Electricity, Gas & Water Supply		0.0	0.0	0.0	0.0	0.0
Construction		−0.9	0.4	0.0	−0.6	0.1
Wholesale & Retail Trade		0.4	−0.8	−0.3	0.3	0.1
Hotel & Restaurants		0.0	0.0	0.3	−0.1	0.0
Transport and Storage		1.0	−0.1	−0.3	−0.2	−0.4
Communications		0.1	0.7	0.1	0.1	0.1
Financial Intermediation		1.4	0.3	−0.2	−0.1	0.0
Real Estate		0.1	0.1	0.1	0.1	0.1
Owner Occupied Dwellings		0.2	0.2	0.2	0.2	0.2
Business Services		0.0	0.0	0.0	0.0	0.0
Public Administration and Defence		1.7	1.3	0.0	0.7	−1.2
Education		0.0	−0.6	0.0	0.5	0.0
Health		−0.1	−0.8	0.0	0.2	−0.3
Other Community, Social & Personal Services		0.0	0.0	0.0	−0.2	0.0
Less Imputed Bank Service Charges		−0.5	−0.9	0.0	−0.1	0.0
Plus Taxes on Products		−0.6	−0.2	1.0	−2.9	−1.6
Less Subsidies		−1.2	0.2	−1.4	0.4	2.2
GDP at Market Prices		0.3	1.9	0.4	−1.1	−0.7

Sources: Data provided by the Kiribati authorities.

Table 4.

Kiribati: Gross National Product, 2005–09

(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, 2005–09

(In millions of Australian dollars at current prices)

			2005	2006	2007	2008	2009
GDP at Current Prices			142.7	145.6	152.8	158.0	164.1
Fishing License Fees			25.0	25.8	25.4	32.2	29.5
Investment Income, Net			28.0	30.0	34.0	37.0	24.6
Seamen’s Remittances			12.2	17.0	12.6	11.6	11.6
GNP at Current Prices			199.1	205.8	213.1	227.7	226.2
	(Percent change)		2.5	3.4	3.6	6.8	−0.6
Memorandum Item
	GNP at Constant 2006 Prices		199.5	205.8	204.0	208.4	198.1
		(Percent change)	1.0	3.2	−0.9	2.2	−5.0

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

Table 4.

Kiribati: Gross National Product, 2005–09

(In millions of Australian dollars at current prices)

			2005	2006	2007	2008	2009
GDP at Current Prices			142.7	145.6	152.8	158.0	164.1
Fishing License Fees			25.0	25.8	25.4	32.2	29.5
Investment Income, Net			28.0	30.0	34.0	37.0	24.6
Seamen’s Remittances			12.2	17.0	12.6	11.6	11.6
GNP at Current Prices			199.1	205.8	213.1	227.7	226.2
	(Percent change)		2.5	3.4	3.6	6.8	−0.6
Memorandum Item
	GNP at Constant 2006 Prices		199.5	205.8	204.0	208.4	198.1
		(Percent change)	1.0	3.2	−0.9	2.2	−5.0

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

Table 5.

Kiribati: Copra Production by Island, 2005–09

(In metric tons)

Source: Data provided by the Kiribati authorities.

Table 5.

Kiribati: Copra Production by Island, 2005–09

(In metric tons)

		2005	2006	2007	2008	2009
Gilbert Islands		4,299	8,355	7,196	7,677	4,605
	Makin	196	382	628	252	424
	Butarit	105	246	285	168	288
	Marakei	256	398	295	361	219
	Abaiang	129	557	240	313	133
	Tarawa	21	220	128	141	21
	Maiana	243	544	179	431	144
	Kuria	219	463	172	444	306
	Aranuka	209	450	280	409	238
	Abemama	593	713	2,253	930	643
	Nonouti	296	716	468	794	254
	Tabiteuea	598	1,391	936	1,198	746
	Onotoa	175	357	192	276	117
	Beru	396	474	268	533	491
	Nikunau	556	644	654	865	394
	Tamana	141	332	99	268	101
	Arorae	166	468	119	294	86
Line Islands		1,895	1,331	1,612	1,458	1,635
	Kiritimati	32	284	805	1,169	850
	Fanning	622	41	153	69	55
	Washington	1,241	1,006	654	220	730
Total		6,194	9,686	8,808	9,135	6,240
Memorandum item
	Copra Exports	2,740	1,909	5,253	3,296	1,027

Source: Data provided by the Kiribati authorities.

Table 5.

Kiribati: Copra Production by Island, 2005–09

(In metric tons)

		2005	2006	2007	2008	2009
Gilbert Islands		4,299	8,355	7,196	7,677	4,605
	Makin	196	382	628	252	424
	Butarit	105	246	285	168	288
	Marakei	256	398	295	361	219
	Abaiang	129	557	240	313	133
	Tarawa	21	220	128	141	21
	Maiana	243	544	179	431	144
	Kuria	219	463	172	444	306
	Aranuka	209	450	280	409	238
	Abemama	593	713	2,253	930	643
	Nonouti	296	716	468	794	254
	Tabiteuea	598	1,391	936	1,198	746
	Onotoa	175	357	192	276	117
	Beru	396	474	268	533	491
	Nikunau	556	644	654	865	394
	Tamana	141	332	99	268	101
	Arorae	166	468	119	294	86
Line Islands		1,895	1,331	1,612	1,458	1,635
	Kiritimati	32	284	805	1,169	850
	Fanning	622	41	153	69	55
	Washington	1,241	1,006	654	220	730
Total		6,194	9,686	8,808	9,135	6,240
Memorandum item
	Copra Exports	2,740	1,909	5,253	3,296	1,027

Source: Data provided by the Kiribati authorities.

Table 6.

Kiribati: Tarawa Retail Price Index, 2005–09

(Annual Average Percentage Change)

Source: Data provided by the Kiribati authorities.

Table 6.

Kiribati: Tarawa Retail Price Index, 2005–09

(Annual Average Percentage Change)

	2005	2006	2007	2008	2009
Food	0.0	−4.0	5.7	16.6	10.4
Drinks	−2.0	−1.2	3.9	8.6	19.7
Alcohol and Tobacco	0.7	10.1	−5.4	11.5	27.7
Clothing	4.7	−7.4	1.0	−0.9	4.2
Transportation	0.1	0.3	15.0	1.7	1.4
Utilities	−0.4	4.4	4.2	15.3	−10.9
Housing	0.0	0.0	0.0	0.0	0.0
Education	−1.0	0.2	0.4	0.4	0.0
Recreation	−1.9	−0.1	−0.5	0.0	0.8
Household Operations	−0.7	−5.2	−0.4	0.6	8.1
All Items	−0.3	−1.5	4.2	11.0	8.4
Memorandum Item
All items (end of period)	−0.5	−0.2	3.7	18.6	0.1

Source: Data provided by the Kiribati authorities.

Table 6.

Kiribati: Tarawa Retail Price Index, 2005–09

(Annual Average Percentage Change)

	2005	2006	2007	2008	2009
Food	0.0	−4.0	5.7	16.6	10.4
Drinks	−2.0	−1.2	3.9	8.6	19.7
Alcohol and Tobacco	0.7	10.1	−5.4	11.5	27.7
Clothing	4.7	−7.4	1.0	−0.9	4.2
Transportation	0.1	0.3	15.0	1.7	1.4
Utilities	−0.4	4.4	4.2	15.3	−10.9
Housing	0.0	0.0	0.0	0.0	0.0
Education	−1.0	0.2	0.4	0.4	0.0
Recreation	−1.9	−0.1	−0.5	0.0	0.8
Household Operations	−0.7	−5.2	−0.4	0.6	8.1
All Items	−0.3	−1.5	4.2	11.0	8.4
Memorandum Item
All items (end of period)	−0.5	−0.2	3.7	18.6	0.1

Source: Data provided by the Kiribati authorities.

Table 7.

Kiribati: Summary of Central Government Operations, 2005–09

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

^¹/Includes subsidies to copra production.

Table 7.

Kiribati: Summary of Central Government Operations, 2005–09

							2005	2006	2007	2008	2009
							(In millions of Australian dollars)
Total Revenue and Grants							122.6	112.0	100.9	111.3	128.7
	Revenue						59.6	60.0	61.5	67.3	69.6
		Tax revenue					28.3	28.6	29.9	29.6	28.7
		Nontax revenue					31.3	31.4	31.6	37.7	40.8
			Of which: Fishing license fees				25.0	25.8	25.4	32.2	29.5
	External Grants						63.0	52.0	39.4	44.0	59.1
Total Expenditure and Net Lending							143.8	134.0	125.2	142.7	149.4
	Current Expenditure						80.8	82.0	85.8	98.7	90.3
		Of which: Personnel costs					37.5	41.5	41.5	45.0	43.2
						Subsidies to public enterprises ^1/	6.3	4.6	7.2	8.1	7.3
						Other current expenditure	37.0	35.9	44.4	53.7	47.1
	Development Expenditure						63.0	52.0	39.4	44.0	59.1
	Net Lending						0.0	0.0	0.0	0.0	0.0
Overall Balance							−21.2	−22.0	−24.4	−31.4	−20.7
Financing							21.2	22.0	24.4	31.4	20.7
	Revenue Equalization and Reserve Fund						15.0	33.5	45.0	25.0	18.0
	Consolidated Fund						10.6	−8.7	−20.5	6.4	−8.3
	Development Fund						0.4	6.5	4.3	0.0	0.0
	External Loans						0.0	−0.3	−2.3	−0.7	−0.9
	Other Sources						−4.8	−9.0	−2.1	0.7	12.0
							(In percent of GDP)
Total Revenue and Grants							85.9	76.9	66.0	70.4	78.4
	Revenue						41.8	41.2	40.2	42.6	42.4
	Tax Revenue						19.9	19.7	19.6	18.8	17.5
	Nontax Revenue						21.9	21.5	20.7	23.8	24.9
		Of which: Fishing license fees					17.5	17.7	16.6	20.4	18.0
	External Grants						44.2	35.7	25.8	27.8	36.0
Total Expenditure and Net Lending							100.8	92.0	81.9	90.3	91.0
	Current Expenditure						56.6	56.3	56.2	62.5	55.0
		Of which: Wages and salaries					26.3	28.5	27.1	28.5	26.3
						Subsidies to public enterprises ^1/	4.4	3.2	4.7	5.2	4.4
						Other current expenditure	25.9	24.6	29.0	34.0	28.7
	Development Expenditure						44.2	35.7	25.8	27.8	36.0
	Net Lending						0.0	0.0	0.0	0.0	0.0
Overall Balance							−14.9	−15.1	−15.9	−19.9	−12.6
Financing							14.9	15.1	15.9	19.9	12.6
	RERF						10.5	23.0	29.5	15.8	11.0
	Consolidated Fund						7.5	−6.0	−13.4	4.1	−5.1
	Development Fund						0.3	4.5	2.8	0.0	0.0
	External Loans						0.0	−0.2	−1.5	−0.4	−0.6
	Other Sources						−3.4	−6.2	−1.4	0.4	7.3
Memorandum Items
	RERF Balance (in milllions of Australian dollars;end of period)						646.8	659.6	637.3	561.6	570.5
		RERF: Accrued income					21.0	22.4	30.0	34.2	21.6
				Valuation changes			53.6	25.4	−5.5	−83.5	6.5
					Government drawings		15.0	33.5	45.0	25.0	18.0
		Current Balance (in percent of GDP, exclud. grants)					−14.9	−15.1	−15.9	−19.9	−12.6
	Real GDP Growth						3.9	1.9	0.4	−1.1	−0.7

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

^¹/Includes subsidies to copra production.

Table 7.

Kiribati: Summary of Central Government Operations, 2005–09

							2005	2006	2007	2008	2009
							(In millions of Australian dollars)
Total Revenue and Grants							122.6	112.0	100.9	111.3	128.7
	Revenue						59.6	60.0	61.5	67.3	69.6
		Tax revenue					28.3	28.6	29.9	29.6	28.7
		Nontax revenue					31.3	31.4	31.6	37.7	40.8
			Of which: Fishing license fees				25.0	25.8	25.4	32.2	29.5
	External Grants						63.0	52.0	39.4	44.0	59.1
Total Expenditure and Net Lending							143.8	134.0	125.2	142.7	149.4
	Current Expenditure						80.8	82.0	85.8	98.7	90.3
		Of which: Personnel costs					37.5	41.5	41.5	45.0	43.2
						Subsidies to public enterprises ^1/	6.3	4.6	7.2	8.1	7.3
						Other current expenditure	37.0	35.9	44.4	53.7	47.1
	Development Expenditure						63.0	52.0	39.4	44.0	59.1
	Net Lending						0.0	0.0	0.0	0.0	0.0
Overall Balance							−21.2	−22.0	−24.4	−31.4	−20.7
Financing							21.2	22.0	24.4	31.4	20.7
	Revenue Equalization and Reserve Fund						15.0	33.5	45.0	25.0	18.0
	Consolidated Fund						10.6	−8.7	−20.5	6.4	−8.3
	Development Fund						0.4	6.5	4.3	0.0	0.0
	External Loans						0.0	−0.3	−2.3	−0.7	−0.9
	Other Sources						−4.8	−9.0	−2.1	0.7	12.0
							(In percent of GDP)
Total Revenue and Grants							85.9	76.9	66.0	70.4	78.4
	Revenue						41.8	41.2	40.2	42.6	42.4
	Tax Revenue						19.9	19.7	19.6	18.8	17.5
	Nontax Revenue						21.9	21.5	20.7	23.8	24.9
		Of which: Fishing license fees					17.5	17.7	16.6	20.4	18.0
	External Grants						44.2	35.7	25.8	27.8	36.0
Total Expenditure and Net Lending							100.8	92.0	81.9	90.3	91.0
	Current Expenditure						56.6	56.3	56.2	62.5	55.0
		Of which: Wages and salaries					26.3	28.5	27.1	28.5	26.3
						Subsidies to public enterprises ^1/	4.4	3.2	4.7	5.2	4.4
						Other current expenditure	25.9	24.6	29.0	34.0	28.7
	Development Expenditure						44.2	35.7	25.8	27.8	36.0
	Net Lending						0.0	0.0	0.0	0.0	0.0
Overall Balance							−14.9	−15.1	−15.9	−19.9	−12.6
Financing							14.9	15.1	15.9	19.9	12.6
	RERF						10.5	23.0	29.5	15.8	11.0
	Consolidated Fund						7.5	−6.0	−13.4	4.1	−5.1
	Development Fund						0.3	4.5	2.8	0.0	0.0
	External Loans						0.0	−0.2	−1.5	−0.4	−0.6
	Other Sources						−3.4	−6.2	−1.4	0.4	7.3
Memorandum Items
	RERF Balance (in milllions of Australian dollars;end of period)						646.8	659.6	637.3	561.6	570.5
		RERF: Accrued income					21.0	22.4	30.0	34.2	21.6
				Valuation changes			53.6	25.4	−5.5	−83.5	6.5
					Government drawings		15.0	33.5	45.0	25.0	18.0
		Current Balance (in percent of GDP, exclud. grants)					−14.9	−15.1	−15.9	−19.9	−12.6
	Real GDP Growth						3.9	1.9	0.4	−1.1	−0.7

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

^¹/Includes subsidies to copra production.

Table 8.

Kiribati: Central Government Revenue, 2005–09

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 b authorities.

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

Table 8.

Kiribati: Central Government Revenue, 2005–09

					2005	2006	2007	2008	2009
					(In millions of Australian dollars)
Tax Revenue					29.1	28.7	29.9	29.6	28.7
		Direct Taxation			11.7	12.0	11.8	13.5	13.2
			Company		5.5	5.1	4.6	5.9	7.0
			Personal		6.2	6.9	7.2	7.6	6.2
	Indirect Taxation				17.3	16.6	18.1	16.1	15.6
			Import Duties		17.3	16.6	18.0	16.1	15.5
			Hotel Tax		0.1	0.1	0.1	0.0	0.1
Nontax Revenue					31.3	31.4	31.6	37.7	40.8
		Property Income			25.9	27.0	27.2	33.0	30.7
				Fishing License Fees	25.0	25.8	25.4	32.2	29.5
				Interest ^1/	0.0	0.0	0.0	0.0	0.0
				Dividends ^1/	0.9	1.2	1.8	0.8	1.2
		Other Income ^2/			5.4	4.4	4.4	4.7	10.1
	Entrepreneurial Income				0.0	0.0	0.0	0.0	0.0
Total Revenue					60.3	60.0	61.5	67.3	69.6
					(In percent of GDP)
Tax Revenue					20.4	19.7	19.6	18.8	17.5
		Direct Taxation			8.2	8.3	7.8	8.6	8.0
			Company		3.8	3.5	3.0	3.7	4.3
			Personal		4.4	4.7	4.7	4.8	3.8
		Indirect Taxation			12.2	11.4	11.8	10.2	9.5
			Import Duties		12.1	11.4	11.8	10.2	9.4
			Hotel Tax		0.0	0.0	0.0	0.0	0.1
Nontax Revenue					21.9	21.5	20.7	23.8	24.9
		Property Income			18.1	18.5	17.8	20.9	18.7
				Fishing License Fees	17.5	17.7	16.6	20.4	18.0
				Interest ^1/	0.0	0.0	0.0	0.0	0.0
				Dividends ^1/	0.6	0.8	1.2	0.5	0.7
		Other Income ^2/			3.8	3.0	2.9	2.9	6.2
			Of which: NASDA Fees ^3/		1.3	0.4	0.6	0.7	0.0
				Sales of Investors Passports	0.0	0.0	0.0	0.0	0.0
	Entrepreneurial Income				0.0	0.0	1.0	0.0	0.0
Total Revenue					42.3	41.2	40.2	42.6	42.4
					(In percent of total revenue)
			Tax Revenue		48.2	47.7	48.6	44.0	41.3
				Of which: Import Duties	28.7	27.6	29.3	23.9	22.2
			Nontax Revenue		51.8	52.3	51.4	56.0	58.7
				Of which: Fishing License Fees	41.4	42.9	41.3	47.8	42.4

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 b authorities.

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

Table 8.

Kiribati: Central Government Revenue, 2005–09

					2005	2006	2007	2008	2009
					(In millions of Australian dollars)
Tax Revenue					29.1	28.7	29.9	29.6	28.7
		Direct Taxation			11.7	12.0	11.8	13.5	13.2
			Company		5.5	5.1	4.6	5.9	7.0
			Personal		6.2	6.9	7.2	7.6	6.2
	Indirect Taxation				17.3	16.6	18.1	16.1	15.6
			Import Duties		17.3	16.6	18.0	16.1	15.5
			Hotel Tax		0.1	0.1	0.1	0.0	0.1
Nontax Revenue					31.3	31.4	31.6	37.7	40.8
		Property Income			25.9	27.0	27.2	33.0	30.7
				Fishing License Fees	25.0	25.8	25.4	32.2	29.5
				Interest ^1/	0.0	0.0	0.0	0.0	0.0
				Dividends ^1/	0.9	1.2	1.8	0.8	1.2
		Other Income ^2/			5.4	4.4	4.4	4.7	10.1
	Entrepreneurial Income				0.0	0.0	0.0	0.0	0.0
Total Revenue					60.3	60.0	61.5	67.3	69.6
					(In percent of GDP)
Tax Revenue					20.4	19.7	19.6	18.8	17.5
		Direct Taxation			8.2	8.3	7.8	8.6	8.0
			Company		3.8	3.5	3.0	3.7	4.3
			Personal		4.4	4.7	4.7	4.8	3.8
		Indirect Taxation			12.2	11.4	11.8	10.2	9.5
			Import Duties		12.1	11.4	11.8	10.2	9.4
			Hotel Tax		0.0	0.0	0.0	0.0	0.1
Nontax Revenue					21.9	21.5	20.7	23.8	24.9
		Property Income			18.1	18.5	17.8	20.9	18.7
				Fishing License Fees	17.5	17.7	16.6	20.4	18.0
				Interest ^1/	0.0	0.0	0.0	0.0	0.0
				Dividends ^1/	0.6	0.8	1.2	0.5	0.7
		Other Income ^2/			3.8	3.0	2.9	2.9	6.2
			Of which: NASDA Fees ^3/		1.3	0.4	0.6	0.7	0.0
				Sales of Investors Passports	0.0	0.0	0.0	0.0	0.0
	Entrepreneurial Income				0.0	0.0	1.0	0.0	0.0
Total Revenue					42.3	41.2	40.2	42.6	42.4
					(In percent of total revenue)
			Tax Revenue		48.2	47.7	48.6	44.0	41.3
				Of which: Import Duties	28.7	27.6	29.3	23.9	22.2
			Nontax Revenue		51.8	52.3	51.4	56.0	58.7
				Of which: Fishing License Fees	41.4	42.9	41.3	47.8	42.4

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 b authorities.

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

Table 9.

Kiribati: Central Government Expenditure (Functional Classification), 2005–09 ^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), 2005–09 ^1/

			2005	2006	2007	2008	2009
			(In millions of Australian dollars)
Current Expenditure			80.8	82.0	85.8	98.7	90.3
	General Public Services		17.0	18.6	18.6	20.1	20.4
		Office of the President	0.9	1.1	0.9	1.0	1.1
		Foreign Affairs	0.7	0.9	0.7	0.9	1.1
		Judiciary	1.2	1.3	1.4	1.3	1.5
		Public Service Commission	0.1	0.2	0.2	0.2	0.2
		Parliament	1.6	1.5	1.9	2.4	2.4
		Attorney General	0.5	0.4	0.4	0.4	0.5
		Audit	0.5	0.5	0.5	0.6	0.6
		Home Affairs & Social Welfare	2.4	2.6	2.6	3.1	2.8
		Finance	2.3	2.5	2.5	2.6	2.5
		Public Order and Safety	6.8	7.6	7.5	7.6	7.8
	Social Services		35.5	37.5	38.1	40.8	38.8
		Education	19.9	21.9	21.0	20.6	21.5
		Health	13.1	13.0	14.6	17.6	14.6
		Environment	2.5	2.6	2.5	2.6	2.7
	Economic Services		11.3	11.0	14.5	14.9	15.8
		Natural Resources	1.7	1.8	1.7	1.8	1.9
		Commerce, Industries, and Tourism	1.0	1.0	1.2	1.1	1.1
		Transportation and Communications	2.9	3.4	3.3	3.4	3.4
		Works and Energy	2.3	2.7	2.7	2.4	2.8
		Line and Phoenix	1.4	0.0	2.9	3.3	3.4
		Labor, Employment, and Cooperatives	2.0	2.1	2.7	2.9	3.2
	Other Expenses ^2/		14.8	12.8	14.7	22.9	15.3
			(In percent of current expenditure)
Memorandum Items
		Education	25.3	27.4	24.5	20.9	23.8
		Health	16.7	16.3	17.0	17.8	16.2
		Education and Health	42.0	43.7	41.5	38.7	40.0

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), 2005–09 ^1/

			2005	2006	2007	2008	2009
			(In millions of Australian dollars)
Current Expenditure			80.8	82.0	85.8	98.7	90.3
	General Public Services		17.0	18.6	18.6	20.1	20.4
		Office of the President	0.9	1.1	0.9	1.0	1.1
		Foreign Affairs	0.7	0.9	0.7	0.9	1.1
		Judiciary	1.2	1.3	1.4	1.3	1.5
		Public Service Commission	0.1	0.2	0.2	0.2	0.2
		Parliament	1.6	1.5	1.9	2.4	2.4
		Attorney General	0.5	0.4	0.4	0.4	0.5
		Audit	0.5	0.5	0.5	0.6	0.6
		Home Affairs & Social Welfare	2.4	2.6	2.6	3.1	2.8
		Finance	2.3	2.5	2.5	2.6	2.5
		Public Order and Safety	6.8	7.6	7.5	7.6	7.8
	Social Services		35.5	37.5	38.1	40.8	38.8
		Education	19.9	21.9	21.0	20.6	21.5
		Health	13.1	13.0	14.6	17.6	14.6
		Environment	2.5	2.6	2.5	2.6	2.7
	Economic Services		11.3	11.0	14.5	14.9	15.8
		Natural Resources	1.7	1.8	1.7	1.8	1.9
		Commerce, Industries, and Tourism	1.0	1.0	1.2	1.1	1.1
		Transportation and Communications	2.9	3.4	3.3	3.4	3.4
		Works and Energy	2.3	2.7	2.7	2.4	2.8
		Line and Phoenix	1.4	0.0	2.9	3.3	3.4
		Labor, Employment, and Cooperatives	2.0	2.1	2.7	2.9	3.2
	Other Expenses ^2/		14.8	12.8	14.7	22.9	15.3
			(In percent of current expenditure)
Memorandum Items
		Education	25.3	27.4	24.5	20.9	23.8
		Health	16.7	16.3	17.0	17.8	16.2
		Education and Health	42.0	43.7	41.5	38.7	40.0

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), 2005–09 ^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), 2005–09 ^1/

			2005	2006	2007	2008	2009
			(In millions of Australian dollars)
Current Expenditure			80.8	82.0	85.8	98.7	90.3
Of which
	Wages and Salaries		39.8	41.5	41.5	45.0	43.2
	Contributions to Provident Fund		4.2	5.1	2.1	5.1	5.7
	Purchases of Goods and Services		9.6	8.3	9.1	7.3	11.5
		Travel/Transportation	1.0	1.2	1.5	1.6	1.5
		Hire of Vehicles and Vessels	1.2	1.0	1.3	1.4	1.8
		Utilities	1.9	1.8	2.3	3.0	3.7
		Land Rent	2.2	1.8	1.7	0.4	1.9
		Maintenance and Other ^2/	3.3	2.5	2.3	0.9	2.6
	Subsidies to Public Enterprises ^3/		6.4	6.0	8.5	10.0	6.1
	Net Drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
			(In percent of GDP)
Current Expenditure			56.6	56.3	56.2	62.5	55.0
Of which
	Wages and Salaries		27.9	28.5	27.1	28.5	26.3
	Contributions to Provident Fund		2.9	3.5	1.4	3.2	3.5
	Purchases of Goods and Services		6.7	5.7	6.0	4.6	7.0
		Travel/Transportation	0.7	0.8	1.0	1.0	0.9
		Hire of Vehicles and Vessels	0.8	0.7	0.9	0.9	1.1
		Utilities	1.3	1.2	1.5	1.9	2.3
		Land Rent	1.5	1.2	1.1	0.3	1.2
		Maintenance and Other	2.3	1.7	1.5	0.6	1.6
	Subsidies to Public Enterprises		4.5	4.1	5.6	6.3	3.7
	Net Drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
Memorandum Items
	Wages and Salaries/Current Expenditure
		(In percent)	49.3	50.6	48.3	45.6	47.9

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), 2005–09 ^1/

			2005	2006	2007	2008	2009
			(In millions of Australian dollars)
Current Expenditure			80.8	82.0	85.8	98.7	90.3
Of which
	Wages and Salaries		39.8	41.5	41.5	45.0	43.2
	Contributions to Provident Fund		4.2	5.1	2.1	5.1	5.7
	Purchases of Goods and Services		9.6	8.3	9.1	7.3	11.5
		Travel/Transportation	1.0	1.2	1.5	1.6	1.5
		Hire of Vehicles and Vessels	1.2	1.0	1.3	1.4	1.8
		Utilities	1.9	1.8	2.3	3.0	3.7
		Land Rent	2.2	1.8	1.7	0.4	1.9
		Maintenance and Other ^2/	3.3	2.5	2.3	0.9	2.6
	Subsidies to Public Enterprises ^3/		6.4	6.0	8.5	10.0	6.1
	Net Drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
			(In percent of GDP)
Current Expenditure			56.6	56.3	56.2	62.5	55.0
Of which
	Wages and Salaries		27.9	28.5	27.1	28.5	26.3
	Contributions to Provident Fund		2.9	3.5	1.4	3.2	3.5
	Purchases of Goods and Services		6.7	5.7	6.0	4.6	7.0
		Travel/Transportation	0.7	0.8	1.0	1.0	0.9
		Hire of Vehicles and Vessels	0.8	0.7	0.9	0.9	1.1
		Utilities	1.3	1.2	1.5	1.9	2.3
		Land Rent	1.5	1.2	1.1	0.3	1.2
		Maintenance and Other	2.3	1.7	1.5	0.6	1.6
	Subsidies to Public Enterprises		4.5	4.1	5.6	6.3	3.7
	Net Drawdowns from STABEX		0.0	0.0	0.0	0.0	0.0
Memorandum Items
	Wages and Salaries/Current Expenditure
		(In percent)	49.3	50.6	48.3	45.6	47.9

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, 2005–09

Source: Data provided by the Kiribati authorities.

Table 12.

Kiribati: Government Employees, 2005–09

			2005	2006	2007	2008	2009
Total			4,291	4,345	4,345	4,508	4,508
	General Public Services		1,227	1,264	1,264	1,318	1,318
		Office of the President	62	63	63	63	63
		Foreign Affairs	43	44	44	44	44
		Judiciary	78	78	78	78	78
		Public Service Commission	6	6	6	6	6
		Parliament	52	51	51	55	55
		Attorney General	25	25	25	25	25
		Audit	53	53	53	53	53
		Home Affairs	196	202	202	254	254
		Finance	172	171	171	169	169
		Public Order and Safety	540	571	571	571	571
	Social Services		2,205	2,258	2,258	2,336	2,336
		Education	1,353	1,349	1,349	1,417	1,417
		Health	661	719	719	729	729
		Environment and Social Welfare	191	190	190	190	190
	Economic Services		859	823	823	854	854
		Natural Resources	136	115	115	115	115
		Commerce, Industries, and Tourism	68	64	64	64	64
		Transportation and Communications	175	159	159	159	159
		Works and Energy	197	196	196	197	197
		Line and Phoenix	181	185	185	185	185
		Labor, Employment, and Cooperatives	102	104	104	134	134

Source: Data provided by the Kiribati authorities.

Table 12.

Kiribati: Government Employees, 2005–09

			2005	2006	2007	2008	2009
Total			4,291	4,345	4,345	4,508	4,508
	General Public Services		1,227	1,264	1,264	1,318	1,318
		Office of the President	62	63	63	63	63
		Foreign Affairs	43	44	44	44	44
		Judiciary	78	78	78	78	78
		Public Service Commission	6	6	6	6	6
		Parliament	52	51	51	55	55
		Attorney General	25	25	25	25	25
		Audit	53	53	53	53	53
		Home Affairs	196	202	202	254	254
		Finance	172	171	171	169	169
		Public Order and Safety	540	571	571	571	571
	Social Services		2,205	2,258	2,258	2,336	2,336
		Education	1,353	1,349	1,349	1,417	1,417
		Health	661	719	719	729	729
		Environment and Social Welfare	191	190	190	190	190
	Economic Services		859	823	823	854	854
		Natural Resources	136	115	115	115	115
		Commerce, Industries, and Tourism	68	64	64	64	64
		Transportation and Communications	175	159	159	159	159
		Works and Energy	197	196	196	197	197
		Line and Phoenix	181	185	185	185	185
		Labor, Employment, and Cooperatives	102	104	104	134	134

Source: Data provided by the Kiribati authorities.

Table 13.

Kiribati: Selected Central Government Budgetary Subsidies to Public Enterprises, 2005–09 ^1/

(In thousands of Australian dollars)

Source: Data provided by the Kiribati authorities.

^¹/Excludes subsidies to copra production.

^²/Includes payments of debt service for public enterprises.

Table 13.

Kiribati: Selected Central Government Budgetary Subsidies to Public Enterprises, 2005–09 ^1/

(In thousands of Australian dollars)

		2005	2006	2007	2008	2009
Air Tungaru/Kiribati		4.3	…	…	120.0	…
Christmas Island Air Service Charter Subsidy		2,949.8	500.0	…	…	…
Public Utilities Board		480.0	480.0	480.0	980.0	480.0
Kiribati Housing Corporation		260.0	…	…	250.0	264.1
Other ^2/		150.0	150.0	150.0	460.1	…
Total		3,844.1	1,130.0	630.0	1,810.1	744.1
	(In percent of current expenditure)	4.8	1.4	0.7	1.8	0.8
	(In percent of GDP)	2.7	0.8	0.4	1.1	0.5

Source: Data provided by the Kiribati authorities.

^¹/Excludes subsidies to copra production.

^²/Includes payments of debt service for public enterprises.

Table 13.

Kiribati: Selected Central Government Budgetary Subsidies to Public Enterprises, 2005–09 ^1/

(In thousands of Australian dollars)

		2005	2006	2007	2008	2009
Air Tungaru/Kiribati		4.3	…	…	120.0	…
Christmas Island Air Service Charter Subsidy		2,949.8	500.0	…	…	…
Public Utilities Board		480.0	480.0	480.0	980.0	480.0
Kiribati Housing Corporation		260.0	…	…	250.0	264.1
Other ^2/		150.0	150.0	150.0	460.1	…
Total		3,844.1	1,130.0	630.0	1,810.1	744.1
	(In percent of current expenditure)	4.8	1.4	0.7	1.8	0.8
	(In percent of GDP)	2.7	0.8	0.4	1.1	0.5

Source: Data provided by the Kiribati authorities.

^¹/Excludes subsidies to copra production.

^²/Includes payments of debt service for public enterprises.

Table 14.

Kiribati: ANZ Bank (Kiribati) Limited Balance Sheet, 2005–09 ^1/

(In millions of Australian dollars; end-September)

Sources: Data provided by the Kiribati authorities.

^¹/Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati.

Table 14.

Kiribati: ANZ Bank (Kiribati) Limited Balance Sheet, 2005–09 ^1/

(In millions of Australian dollars; end-September)

		2005	2006	2007	2008	2009
Net Foreign Assets		…	…	35.9	13.5	22.0
Domestic Credit		47.6	60.7	27.4	54.4	46.7
Cash		7.7	4.1	3.9	6.8	5.5
Other Items, Net		…	…	−20.8	−23.0	−27.0
Deposits		55.9	58.7	46.4	51.7	47.2
	Demand	12.7	12.8	13.2	14.2	12.2
	Savings	8.8	8.4	…	…	…
	Time	34.4	37.5	33.2	37.5	35.0
Money Supply (M2)		55.9	58.7	46.4	51.7	47.2

Sources: Data provided by the Kiribati authorities.

^¹/Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati.

Table 14.

Kiribati: ANZ Bank (Kiribati) Limited Balance Sheet, 2005–09 ^1/

(In millions of Australian dollars; end-September)

		2005	2006	2007	2008	2009
Net Foreign Assets		…	…	35.9	13.5	22.0
Domestic Credit		47.6	60.7	27.4	54.4	46.7
Cash		7.7	4.1	3.9	6.8	5.5
Other Items, Net		…	…	−20.8	−23.0	−27.0
Deposits		55.9	58.7	46.4	51.7	47.2
	Demand	12.7	12.8	13.2	14.2	12.2
	Savings	8.8	8.4	…	…	…
	Time	34.4	37.5	33.2	37.5	35.0
Money Supply (M2)		55.9	58.7	46.4	51.7	47.2

Sources: Data provided by the Kiribati authorities.

^¹/Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati.

Table 15.

Kiribati: ANZ Bank (Kiribati) Limited Interest Rates, 2005–09 ^1/

(In percent per annum; end of period)

Sources: Data provided by the Kiribati authorities; ANZ Bank (Kiribati) Limited; and IMF, International Financial Statistics.

^¹/Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati.

^²/Minimum deposit A$500.

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

Table 15.

Kiribati: ANZ Bank (Kiribati) Limited Interest Rates, 2005–09 ^1/

(In percent per annum; end of period)

			2005	2006	2007	2008	2009
Deposit Rates
	Savings Accounts		0.50	1.00	0.02	0.02	0.02
	Term Deposits under $A50,000 ^2/
		6 months	1.75	1.75	3.00	3.00	3.00
		12 months	2.20	2.25	3.75	3.75	3.75
	Term Deposits over $A50,000
		1 month	2.18	2.20	2.00	2.00	2.00
		2 months	2.80	2.85	2.00	2.00	2.00
		3 months	2.85	2.90	3.00	3.00	3.00
		6 months	3.56	3.60	3.00	3.00	3.00
Loan Rates
	Secured		8.00	8.00	11.25	11.25	11.25
	Unsecured		11.00	11.00	12.25	12.25	12.25
Memorandum Item
	Australian Money Market Rate ^3/		5.46	5.81	6.39	6.67	3.28

Sources: Data provided by the Kiribati authorities; ANZ Bank (Kiribati) Limited; and IMF, International Financial Statistics.

^¹/Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati.

^²/Minimum deposit A$500.

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

Table 15.

Kiribati: ANZ Bank (Kiribati) Limited Interest Rates, 2005–09 ^1/

(In percent per annum; end of period)

			2005	2006	2007	2008	2009
Deposit Rates
	Savings Accounts		0.50	1.00	0.02	0.02	0.02
	Term Deposits under $A50,000 ^2/
		6 months	1.75	1.75	3.00	3.00	3.00
		12 months	2.20	2.25	3.75	3.75	3.75
	Term Deposits over $A50,000
		1 month	2.18	2.20	2.00	2.00	2.00
		2 months	2.80	2.85	2.00	2.00	2.00
		3 months	2.85	2.90	3.00	3.00	3.00
		6 months	3.56	3.60	3.00	3.00	3.00
Loan Rates
	Secured		8.00	8.00	11.25	11.25	11.25
	Unsecured		11.00	11.00	12.25	12.25	12.25
Memorandum Item
	Australian Money Market Rate ^3/		5.46	5.81	6.39	6.67	3.28

Sources: Data provided by the Kiribati authorities; ANZ Bank (Kiribati) Limited; and IMF, International Financial Statistics.

^¹/Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati.

^²/Minimum deposit A$500.

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

Table 16.

Kiribati: Assets and Liabilities of the Kiribati Provident Fund, 2005–10

(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, 2005–10

(In millions of Australian dollars; end of period)

			2005	2006	2007	2008	2009	2010
Assets			94.4	106.6	103.3	84.0	100.8	101.0
	Common Stocks		0.1	0.1	0.1	0.1	3.8	3.8
	Foreign Investments		92.9	91.9	96.0	76.9	88.4	89.1
		Foreign Equities	46.4	45.8	47.7	37.7	44.6	46.5
		Foreign Government Bonds ^1/	46.4	46.1	48.3	39.2	43.8	42.6
	Current Assets		0.0	13.1	5.7	5.5	7.1	6.6
		ANZ Bank (Kiribati) Limited	−0.4	12.1	4.7	4.5	5.1	4.6
		Other Domestic Assets	0.4	1.0	1.0	1.0	2.0	2.0
	Fixed Assets		1.5	1.5	1.5	1.5	1.5	1.5
Liabilities			94.4	106.6	103.3	84.0	100.8	101.0
	Members’ Accounts		90.6	94.1	101.4	105.5	107.8	112.0
	General Reserves ^2/		3.2	12.4	1.8	−21.6	−7.5	−11.7
	Current Liabilities		0.6	0.1	0.1	0.1	0.5	0.7
Memorandum Items
	Change in Members’ Accounts		5.9	3.5	7.3	4.1	2.3	4.2
		Contributions	8.5	9.4	9.5	9.3	9.7	10.0
		Interest	5.8	6.1	7.1	5.1	6.0	6.2
		Withdrawals	−8.4	−12.0	−9.3	−10.3	−13.4	−12.0
	Interest Rate Paid to Members
		(In percent per annum)	7.0	7.5	7.5	5.0	6.0	6.0

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, 2005–10

(In millions of Australian dollars; end of period)

			2005	2006	2007	2008	2009	2010
Assets			94.4	106.6	103.3	84.0	100.8	101.0
	Common Stocks		0.1	0.1	0.1	0.1	3.8	3.8
	Foreign Investments		92.9	91.9	96.0	76.9	88.4	89.1
		Foreign Equities	46.4	45.8	47.7	37.7	44.6	46.5
		Foreign Government Bonds ^1/	46.4	46.1	48.3	39.2	43.8	42.6
	Current Assets		0.0	13.1	5.7	5.5	7.1	6.6
		ANZ Bank (Kiribati) Limited	−0.4	12.1	4.7	4.5	5.1	4.6
		Other Domestic Assets	0.4	1.0	1.0	1.0	2.0	2.0
	Fixed Assets		1.5	1.5	1.5	1.5	1.5	1.5
Liabilities			94.4	106.6	103.3	84.0	100.8	101.0
	Members’ Accounts		90.6	94.1	101.4	105.5	107.8	112.0
	General Reserves ^2/		3.2	12.4	1.8	−21.6	−7.5	−11.7
	Current Liabilities		0.6	0.1	0.1	0.1	0.5	0.7
Memorandum Items
	Change in Members’ Accounts		5.9	3.5	7.3	4.1	2.3	4.2
		Contributions	8.5	9.4	9.5	9.3	9.7	10.0
		Interest	5.8	6.1	7.1	5.1	6.0	6.2
		Withdrawals	−8.4	−12.0	−9.3	−10.3	−13.4	−12.0
	Interest Rate Paid to Members
		(In percent per annum)	7.0	7.5	7.5	5.0	6.0	6.0

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, 2005–09

(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, 2005–09

(In millions of Australian dollars; end of period)

			2005	2006	2007	2008	2009
Assets			7.6	7.9	9.5	9.5	9.6
	Loans and Investments		7.0	7.2	8.7	9.2	9.4
	Cash and Bank Balances		0.4	0.6	0.7	0.1	0.1
	Other Assets		0.2	0.1	0.1	0.2	0.1
Liabilities			7.6	7.9	9.5	9.5	9.6
	Capital		3.8	3.8	4.0	4.1	4.5
		Government Investment	4.1	4.1	4.1	4.1	4.9
		Government Grants	0.1	0.1	0.1	0.1	0.1
		Retained Earnings	−0.4	−0.4	−0.2	−0.1	−0.5
	Current Liabilities		0.2	0.2	1.8	1.8	2.4
	Other Liabilities ^1/		3.6	4.0	3.7	3.6	2.7

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, 2005–09

(In millions of Australian dollars; end of period)

			2005	2006	2007	2008	2009
Assets			7.6	7.9	9.5	9.5	9.6
	Loans and Investments		7.0	7.2	8.7	9.2	9.4
	Cash and Bank Balances		0.4	0.6	0.7	0.1	0.1
	Other Assets		0.2	0.1	0.1	0.2	0.1
Liabilities			7.6	7.9	9.5	9.5	9.6
	Capital		3.8	3.8	4.0	4.1	4.5
		Government Investment	4.1	4.1	4.1	4.1	4.9
		Government Grants	0.1	0.1	0.1	0.1	0.1
		Retained Earnings	−0.4	−0.4	−0.2	−0.1	−0.5
	Current Liabilities		0.2	0.2	1.8	1.8	2.4
	Other Liabilities ^1/		3.6	4.0	3.7	3.6	2.7

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, 2005–09

(In millions of U.S. dollars)

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

^¹/Excludes valuation changes.

^²/Comprises the Consolidated Fund, Development Fund, and STABEX Fund.

Table 18.

Kiribati: Balance of Payments Summary, 2005–09

(In millions of U.S. dollars)

				2005	2006	2007	2008	2009
Current Account Balance				−45.5	−26.6	−37.6	−46.0	−38.1
	Trade balance			−71.2	−58.9	−58.9	−65.1	−60.3
		Exports, f.o.b.		5.2	3.2	11.2	8.6	6.3
		Imports, f.o.b.		76.4	62.1	70.0	73.7	66.6
	Balance on services			−37.7	−28.7	−41.2	−53.2	−45.2
		Credit		5.6	3.7	6.1	5.1	4.8
		Debit		43.3	32.4	47.3	58.3	50.0
	Balance on factor income			43.1	45.3	50.5	58.5	48.4
		Credit		49.2	53.2	59.6	63.8	52.8
			Fishing license fees	19.1	19.4	21.3	27.0	23.0
			Investment income	21.4	22.6	28.4	31.0	19.2

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