The Republic of the Marshall Islands (RMI) Ministry of Finance (MOF) was established under the RMI Financial Management Act. It services to be a comprehensive system of public financial management for the RMI to administer all revenue and fiscal functions of the Government of RMI.
Discussion Paper 5 published in June 2011. This paper measures the extent to which both donor finance and resource revenues have contributed to higher rates of expenditure in key development sectors of the PNG economy—social services (including health and education) and infrastructure, between 1975 and 2010. Estimated elasticities are then compared against a hypothetical revenue scenario to assess the potential contribution that post-2014 LNG revenue inflows may have on increasing the financing available to these sectors.