Annual Account Overview

The Annual Account is a comprehensive financial statement prepared by the Ministry of Finance and Economic Development (MFED) that presents the Government of Kiribati’s financial performance and position for each fiscal year. It is a critical tool for transparency, accountability, and sound public financial management.

Key Features:

• Revenue and Expenditure Summary: Details all government income and spending over the financial year.
• Budget Execution: Compares actual performance against the approved budget.
• Fund Balances and Liabilities: Shows the status of government funds and financial obligations.
• Compliance and Reporting: Ensures financial reporting is in line with national laws and international standards.

The Annual Account supports effective governance by providing stakeholders—including Parliament, development partners, and the public—with a clear and accurate record of how public resources are managed.