Visually provides on-demand access to the world's top designers and copywriters.Learn More About Visually Infographics
Small island economies : Kiribati Revenue Equalization, Reserve Fund, Closing balance
Policy challenge—sustainability and intergenerational equity --------------- Limited resources and narrow economic bases give rise to reliance on aid flows, which account for as much as half of GDP ... in some of these countries. The pace of resource exploitation, the sustainability of growth, and intergenerational equity are therefore major issues in these small island economies. Financial resources from sovereign investment funds in Kiribati and Tuvalu, and phosphate reserves in Nauru, are being depleted at unsustainable rates to fund current expenditures, raising concerns regarding the tradeoff between supporting growth now versus ensuring that future generations share the benefits provided by finite and exhaustible resources. The Government of Kiribati’s target for drawing down the Revenue Equalization Reserve Fund is A$15.0 million annually from 2013 to 2015. The 2012 drawdown of an estimated A$37.5 million raises concerns about the fund’s long-term sustainability. The real value of the fund per capita has been trending downward in recent years to well below the benchmark of A$4,500 (Figure 3.38.5).---------- Source: ADB estimates using data from the Kiribati 2012 national budget. Kiribati and the International Monetary Fund ( http://www.imf.org/external/country/kir/ )
Rank: 2885 of 4890 in Economy
Designed ByUnknown Did you work on this visual? Claim credit!
Switch to Wordpress Code