{
  "title": "Republic of Palau: Selected Issues",
  "publication": "IMF Staff Country Reports, May 6, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-palau-selected-issues-41534",
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  "summary": "This Selected Issues paper describes Palau’s fiscal challenges and policy options to achieve long-term fiscal sustainability.",
  "publishDate": "2014-05-06",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Fiscal challenges and policy objectives",
      "content": "- Palau relies heavily on compact grants.\n- Without continued fiscal consolidation over the medium term, the fiscal position will become unsustainable after these grants expire in FY2024.\n- Policy objective: achieve long-term fiscal sustainability through consolidation and reform."
    },
    {
      "heading": "Fiscal sustainability analysis",
      "content": "- Methodology: intertemporal budget constraint model.\n- Key quantitative finding: reducing the current deficit excluding grants by about 8 percentage points of GDP during FY2014–19 would ensure Palau’s long-term fiscal sustainability.\n- Implication: sustained fiscal consolidation in the FY2014–19 period is central to avoiding unsustainability once external grants end in FY2024."
    },
    {
      "heading": "Tourism sector and growth policy priorities",
      "content": "- The paper discusses the role of tourism in Palau.\n- Identifies policy priorities to further promote the tourism sector and sustain growth.\n- Emphasis on addressing tourism volatility and enhancing tourism infrastructure and revenue.\n\n---\n\n Content in this bundle\n\n- Republic of Palau Selected Issues; IMF Country Report No. 14/111; April 7, 2014\n  - Republic of Palau Selected Issues; IMF Country Report No. 14/111; April 7, 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Palau Selected Issues; IMF Country Report No. 14/111; April 7, 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-palau-selected-issues-41534"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/republic-of-palau-selected-issues-41534/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/republic-of-palau-selected-issues-41534/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/republic-of-palau-selected-issues-41534/bundle-manifest.json)",
    "Published: May 6, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484370964.002",
    "Palau relies heavily on compact grants.",
    "Without continued fiscal consolidation over the medium term, the fiscal position will become unsustainable after these grants expire in FY2024.",
    "Policy objective: achieve long-term fiscal sustainability through consolidation and reform.",
    "Methodology: intertemporal budget constraint model.",
    "Key quantitative finding: reducing the current deficit excluding grants by about 8 percentage points of GDP during FY2014–19 would ensure Palau’s long-term fiscal sustainability.",
    "Implication: sustained fiscal consolidation in the FY2014–19 period is central to avoiding unsustainability once external grants end in FY2024.",
    "The paper discusses the role of tourism in Palau.",
    "Identifies policy priorities to further promote the tourism sector and sustain growth.",
    "Emphasis on addressing tourism volatility and enhancing tourism infrastructure and revenue.",
    "**Republic of Palau Selected Issues; IMF Country Report No. 14/111; April 7, 2014**"
  ],
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