2025 Budget Speech Overview

On December 10, 2024, the Honorable Dr. Teuea Toatu, Vice President and Minister of Finance and Economic Development, delivered the 2025 Budget Speech to the Maneaba ni Maungatabu (Parliament). The speech, themed “A Vision to Impact – Transforming Aspirations to Tangible Outcomes,” underscores the government's commitment to translating national ambitions into measurable progress.

Key Highlights:

• Strategic Alignment: The budget aligns with the Kiribati 20-Year Vision (KV20), focusing on sustainable development and inclusive growth.
• Fiscal Responsibility: Emphasis on prudent fiscal management to ensure macroeconomic stability in the medium term.
• Public Service Enhancement: Continued investment in essential services such as healthcare, education, and infrastructure to improve citizens' well-being.
• Stakeholder Engagement: Extensive consultations with government agencies and stakeholders to ensure a collaborative approach to national prosperity.

For a detailed breakdown of allocations and expenditures, please refer to the full 2025 Budget Speech document available below