2020 Recurrent Budget Overview

The 2020 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 the onset of the COVID-19 pandemic, the budget emphasizes prudent fiscal management while addressing emerging economic challenges.

Key Highlights:

• Fiscal Discipline: Adherence 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: Implementation of measures to enhance domestic revenue collection, including tax reforms and improved management of state-owned enterprises.
• Climate Change Adaptation: Allocation of resources for climate resilience initiatives as part of a greener post-COVID recovery strategy.

For a detailed breakdown of allocations and expenditures, please refer to the full 2020 National Budget document available shown below