2023 RECURRENT BUDGET OVERVIEW

The 2023 Recurrent Budget outlines the Government of Kiribati's planned expenditures for essential public services and administrative operations throughout the fiscal year. Developed by the Ministry of Finance and Economic Development (MFED), this budget emphasizes prudent fiscal management, aiming to maintain core government functions while navigating economic challenges.

Key Highlights:

• Sustained Funding for Essential Services: Ensuring uninterrupted delivery of healthcare, education, and other vital public services.
• Fiscal Responsibility: Adhering to the rule-based withdrawal policy from the Revenue Equalization Reserve Fund (RERF) to preserve its long-term value for future generations.
• Revenue Mobilization Efforts: Implementing measures to enhance domestic revenue collection, including tax reforms and improved management of state-owned enterprises.
• Climate Change Adaptation: Allocating resources for climate resilience initiatives as part of a greener post-COVID recovery strategy.