Federated States of Micronesia : 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion.
This 2006 Article IV Consultation highlights that real GDP in the Federated States of Micronesia grew by only 1 1\2 percent in FY2005 and declined by nearly 1 percent in FY2006. The underlying fiscal situation has deteriorated, despite a decline in the overall deficit. Executive Directors have recom...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 2007/106 |
| Online Access: | Full text available on IMF |
| Summary: | This 2006 Article IV Consultation highlights that real GDP in the Federated States of Micronesia grew by only 1 1\2 percent in FY2005 and declined by nearly 1 percent in FY2006. The underlying fiscal situation has deteriorated, despite a decline in the overall deficit. Executive Directors have recommended that spending cuts and comprehensive tax reforms be phased in to secure fiscal sustainability. Priority should be given to reducing the public sector wage bill, which is large by regional standards, possibly in the context of a broad reform of the public sector. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (41 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |