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 11⁄2 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 recomm...
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| Corporate Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2007
|
| Series: | IMF Staff Country Reports
Country Report No. 07/106 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | This 2006 Article IV Consultation highlights that real GDP in the Federated States of Micronesia grew by only 11⁄2 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 |
| Physical Description: | 1 Online-Ressource (41 p) |
| ISBN: | 1451813813 9781451813814 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:31Z |
| indexdate | 2024-07-10T09:35:40Z |
| institution | BVB |
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| spelling | International Monetary Fund Verfasser aut Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion Washington, D.C International Monetary Fund 2007 1 Online-Ressource (41 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Country Reports Country Report No. 07/106 This 2006 Article IV Consultation highlights that real GDP in the Federated States of Micronesia grew by only 11⁄2 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 Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF002/02301-9781451813814/02301-9781451813814/02301-9781451813814.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title_auth | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title_exact_search | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title_exact_search_txtP | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title_full | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title_fullStr | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title_full_unstemmed | Federated States of Micronesia 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| title_short | Federated States of Micronesia |
| title_sort | federated states of micronesia 2006 article iv consultation staff report and public information notice on the executive board discussion |
| title_sub | 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion |
| url | http://elibrary.imf.org/view/IMF002/02301-9781451813814/02301-9781451813814/02301-9781451813814.xml |
| work_keys_str_mv | AT internationalmonetaryfund federatedstatesofmicronesia2006articleivconsultationstaffreportandpublicinformationnoticeontheexecutiveboarddiscussion |