2018 Recurrent Budget Overview

The 2018 Recurrent Budget, prepared by the Ministry of Finance and Economic Development (MFED), outlines the Government of Kiribati's financial plan for sustaining essential public services and administrative operations throughout the fiscal year. Developed amid efforts to strengthen fiscal discipline and promote sustainable economic growth, the budget emphasizes prudent fiscal management while addressing emerging economic challenges.

Key Highlights:

• Fiscal Discipline: The budget aimed for a modest recurrent surplus, balancing increased public wage expenditures with reductions in other recurrent spending.
• Revenue Mobilization: Higher-than-anticipated fishing license revenues contributed to improved fiscal performance, enabling additional investments in infrastructure and public services.
• Climate Change Adaptation: Recognizing the nation's vulnerability to climate change, the budget incorporated provisions for adaptation initiatives, including the establishment of a Climate Finance Division to coordinate related expenditures.

For a detailed breakdown of allocations and expenditures, please refer to the full 2018 Consolidated Budget Book available below