Tuesday, December 02, 2014Tweet
[IWS] ADB: PACIFIC ECONOMIC MONITOR--DECEMBER 2014 [2 December 2014]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html
Asian Development Bank (ADB)
PACIFIC ECONOMIC MONITOR--DECEMBER 2014 [2 December 2014]
[full-text, 32 pages]
PACFIC ECONOMIC MONITOR DATABASE
An analysis of 2014 budget outcomes and 2015 plans of ADB's Pacific member countries is the focus of this issue of the Pacific Economic Monitor, also including an analysis of opportunities and challenges from external factors.
An analysis of 2014 budget outcomes and 2015 budget plans of ADB's Pacific developing member countries is the focus of this issue of the Pacific Economic Monitor. The policy briefs in this issue consider longer-run opportunities and challenges facing Pacific economies from changing external conditions.
Highlights from this issue of the Pacific Economic Monitor include the following:
Robust revenue collections in smaller Pacific economies - Rising rates under a regional vessel day scheme continue to support strong fishing license revenues in Kiribati, the Republic of the Marshall Islands, the Federated States of Micronesia, Nauru, and Tuvalu. Increased economic activity and improved compliance are also pushing tax revenue collections higher in Fiji, Palau, Tonga, and Vanuatu.
Limited 2015 expenditure growth planned in larger economies - High revenues have underpinned expanding budget allocations in large resource-rich economies, but low implementation rates limit the development gains. For 2015, Papua New Guinea plans fiscal consolidation to reduce its deficit, while Timor-Leste is budgeting a minimal increase in total expenditure to bring budgeted and actual expenditures closer.
Seizing new opportunities - Efforts to utilize scarce public resources more effectively in developing the infrastructure and institutional capacity needed to harness emerging opportunities are explored—focusing on efforts to improve fiscal planning and management.
About the Pacific Economic Monitor
The Pacific Economic Monitor provides an update of developments in Pacific economies and explores topical policy issues. This tri-annual publication is produced by ADB with contributions from development partners and knowledge organizations engaged in economic analysis of the Pacific.
The economic setting
Long-run growth forecasts for Asia: Opportunities and challenges for the Pacific economies
Fiscal management challenges in Papua New Guinea and Timor-Leste
Update on fiscal modeling efforts in the Pacific
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Links to this post: