2022 BUDGET SPEECH

The 2022 Budget Speech, delivered by Honourable Dr. Teuea Toatu, Vice President and Minister of Finance and Economic Development, outlined Kiribati's fiscal strategy amid ongoing global uncertainties. The budget emphasized prudent financial management and sustainable development, aligning with the nation's long-term vision, KV20.

Key priorities included investments in infrastructure, health, education, and social protection to support economic resilience and improve the quality of life for citizens. The government also highlighted the importance of maintaining fiscal discipline, enhancing revenue collection, and effectively managing public expenditures. A significant focus was placed on leveraging the Revenue Equalization Reserve Fund (RERF) responsibly to finance development projects without compromising the fund's sustainability.

Overall, the 2022 Budget aimed to balance immediate needs with long-term goals, ensuring that Kiribati remains on a path toward inclusive and sustainable growth.