North Pacific Economies :Fiscal adjustment in the Federated States of Micronesia

shared by PARMIONOVA on Apr 25, 2013 in Economy

North Pacific Economies :Fiscal adjustment in the Federated States of Micronesia

shared by PARMIONOVA on Apr 25, 2013 in Economy

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The FSM’s fiscal adjustment is even more challenging, requiring surpluses equivalent to 6.4% of GDP by FY2016 (Figure 3.36.5). Recent fiscal surpluses are far below these goals. The FSM’s consolid...
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