Small Pacific countries post better than expected revenue in 2012 | Pacific Beat

Small Pacific countries post better than expected revenue in 2012

Small Pacific countries post better than expected revenue in 2012

Updated 10 December 2012, 19:03 AEST

Many of the smaller pacific Island nations have improved their budget postion in 2012 due to better than expected revenue collections.

Tonga, Samoa, Kiribati, Nauru and Tuvalu, have all performed better than expected according to the Asian Development Bank's latest Pacific Economic Monitor.

Perhaps surprisingly it is the faster growing countries, such as Papua New Guinea, Solomon Islands and Vanuatu that have underperformed the most on revenue.

The ADB's Principal Pacific Economist, Emma Veve, told Jemima Garrett that tuna is the source of the strong revenue performance in Kiribati, Nauru and Tuvalu.

Presenter: Jemima Garrett

Speaker: Emma Veve, Principal Pacific economist with the Asian Development Bank

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