Future Micronesian Financial Requirements. Proposed Agenda for Inf_ma_Exchange of Views
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- Lucas Pearson
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1 Future Micrnesian Financial Requirements Prpsed Agenda fr Inf_ma_Exchange f Views Saipa_bruar_ I - Discussin f Micrnes-E_ic gals and bjectives. A - Expsitin f lng-range develpment gals i - Targets fr ecnmic grwth a - Cncepts f ecnmic self-sufficiency (I) Degrees f self-sufficiency and extent t which they represent current CM bjectives. (2) Standards f measurement. (3) Implicatins in terms f future interdependency with ther cuntries. (4) Internatinal balance f trade and balance f payments imp I icatin s. b - Views regarding preferred sectrs fr cncentratin f future ecnmic effrt. (I) Turism (2) Agriculture (3) Fisheries (4) ther (Transprtatin, Cmmunicatins, etc.) 2_- Expsitin f views regarding the rle f future gvernment in the develpment prcess. a.- Relative rles f gvernment and private enterprise in cntrl f majr segments f the ecnmy and means f prductin. b - Rle f gvernment in future ecnmic planning. (I) Planned gr0wt_and free enterprise. J_i_..._
2 , (2) Relative cntrl f central and lcal gvernments ver ecnmic grwth. 3 - Views regarding ptimum rate f ecnmic grwth. a - Desired targets and recgnized cnstraints. b - Ppulatin grwth and related plic$es c - Investment plicy. (i) Public investment. (2) Private investment. (3) Freign investment. B - Expsitin f views n time tables fr ecnmic develpment i - Relatinship with timing f Cnstitutinal Cventin and institutin f new gvernment. 2 - Relatinship with phasing f transitin t new plitical status. 3 - Relatinship t terminatin f Trusteeship. C - Review f available studies and reprts n ecnmic develpment. I - CM studies. 2 - TT Administratin reprts. 3 - Private research. II - Develpment f cmmn statistical base. A - Current csts f gvernment peratins. i - Budget data by years (since 1969?). a - Authrizatins and apprpriatins. b - Expenditures c - Mst apprpriate base year (FY 1973?). / _...' 2 - Distributin f expenditures. _ a - Prprtinate shares f central gvernment and district b -Prprtinate shares f executive, legislative and judiciary.
3 Persnnel csts a - Current wage plicy b - Hiring f expatriates 4 - Value f federal services prvided 5 - Inflatinary factrs and experience B - Examinatin f CIP t date I - Past levels f funding and expenditures 2 - Prprtinate shares t central gvernment and districts 3 - Areas f previus cncentratin a - Public Wrks b - Transprtatin c - Cmmunicatin d - Educatins e - Health f - ther 4 - Cntributin f federal prgrams t CIP type prjects 5 - Inflatinary experience C - Develpment Lan experience I - EDLF 2 - Resurce Develpment Fund 3 PDLF III - Discussin f Prjected Future Csts f Gvernment peratins,, A - CM views n nature and rganizatin f future Gvernment f Micrnesia I - Parliamentary system = separatin f pwers. 2 - Centralizatin versus decentralizatin and lse federatin. _ 3 - Internal gvernment _rganizatin affecting ecnmic prgrams. a - Planning functins _,_,_ b - Budget cntrl 7'!
4 Q c - Banking and investment plicy B - Views regarding gvernment peratinal csts i - Assumptins regarding ecnmic grwth a - Ppulatin (I) Natural grwth grwth (2) Immigratin (3) In-migratin within districts b - Grwth f GNP 2 - Assumptins regarding persnnel csts a - Future wage scale plicy (i) Develped versus develping natin standards (2) Gvernmental wage scales and private wage scales b - Numbers f gvernment persnnel (i) Central gvernment and districts (2) Micrnesian (3) Expatriate c Anticipated rate f imprvement in individual skills and efficiency 3 - Future perating csts a - Regular administratin and peratins b - Additinal csts assciated with management f increased CIP (I) Cst increases (2) Phasing f build-up 4 - Maintenance csts, %i',7_ a - _egular maintenance b - Additinal maintenance f increased CIP _, peratinal cntributins frm federal prgrams and services (pre and pst Trusteeship terminatin)
5 . 6 - Future plicy regarding prvisin f services by gvernmental agencies versus private surces. IV. Discussin f future CIP requirements A - Exchange f views n sectrs fr future cncentratin I - Gvernment administratin 2 - Transprtatin a b - Land - Sea c - Air 3 - Cmmunicatins.3 4 _- Water and sewage 5 - Pwer and energy 6 Educatin 7 - Health _ 8 - ther e B - JCFS views n pririties t be affrded CIP items and schedules fr realizatin. i - Pririties between sectrs and categries f prjects 2 - Pririties between districts and within districts 3 - Pririties fr accmplishment during pre and pst Trusteeship terminat in per ids. 4 - Standards fr determing pririties C - JCFS views n design standards i _j_... i - Degrees f sphisticatin _i 2 - Envirnmental factrs _' " D - JCFS views n private versus public financing f certain types f prjects.
6 . E - JCFS views regarding financing certain types f prjects thrugh lans versus grants. F - Future cntributins t CIP type prjects frm federal prgrams I - During remainder f Trusteeship 2 - Pst -Trusteeship V - Exchange f views n ecnmic develpment lan prgrams and plicies. A - Financing f prjects in private sectr B - Financing f quasi-gvernmental prjects C - Desirable and feasible rates and terms theren. D - Pssible cntributins frm internatinal institutins and limitatins E - Pssible cntributins frm freign cuntries F - Rle f private and crmnercial institutins G - Relative rle f central gvernment and districts Vl - Discussin f Prjected Incme and Resurces A - Views regarding revenues frm taxatin i - Future plicy n persnal incme tax and taxes n business 2 - Prjected levels f future tax returns in relatin t grwth f GNP and ppulatin. B - Views regarding future dmestic savings and investment... I - Targets fr future investment levels '" 2 - Prjected availabilities, including private surces, dmestic credit unins and gvernmental institutins. 3 - Pssible investment incentives and cnstraints. C - Views regarding future budget plicies f new Gvernment f Micrnesia i.- Brrwing
7 2 - Deficit financing 3 Price cntrls 4 - External payments VII - Discussin f special transitinal csts A - Mvement f Capitl f Micrnesia i - Currency f Chamberlain reprt 2 - Estimated csts in relatin t frm, size and rganizatin f new gvernment.! 3 - Extent t which gvernmental assistance may be desired fr additinal supprting activities a - Husing b - Health and educatin c - ther B - Exchange f views n pssiblelancillary csts and effect theref n gvernment peratins budget i - Rehabilitatin prgrams fr released persnnel 2 - Training prgrams fr retained and new persnnel a - Intern prgrams b - ther special training 3 - Scheduling f training effrts and financing.
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