2011 Inaugural Address By The Honorable Sebastian L. Anefal ...

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In order to accomplish this broad goal, we instituted a roadmap that put forth ourmedium term economic and fiscal strategies. Regarding our economic strategy,we largely focused on developing our economic institutions, including thefollowing:• Establishing the regulatory frameworks that facilitate strong sustainableprivate sector growth and the protection of our environment;• Continuing investments in our infrastructure, within a proper planningframework;• Assessing and developing key productive sectors of our economy thathave the potential to support sustainable income generationopportunities; and• Containing the cost of government through balanced budgets, whereexpenditures were aligned with actual revenue receipts predicated uponpriority development areas.Each and every one of these strategies had one primary goal: to improve thequality of life of the people of the State of Yap.To contain the cost of our government, we started instituting an immediate dualstrategy: maintaining small, affordable government operations; and taking stepsto expand our revenue base. To right-size our government, we –• continued outsourcing operational support services, such asmaintenance, that could be better provided by the private sector;6
• Introduced performance management and strategic planning to improveaccountability and productivity of expenditures;• Began assessment for a re-organized Executive Branch to eventuallystreamline government operations;• Developed a cost reduction plan to help reduce operating expenditures;and• Continued retirement process and hiring restrictions of governmentemployees to further reduce operating expenditures.To expand our revenue base, we –• Strengthened our revenue collection efforts by focusing resources onrevenue generating activities to improve compliance;• Engaged in a nation-wide tax reform process and expanded user feescollection to help recover some of the costs of providing certain publicservices; and• Set out to identify and began formulating grant proposals secureexternal assistance to help us build the foundation for future growth.Our efforts to strengthen our economy and to put ourselves on a sustainablegrowth path were made more challenging by a number of unprecedentedexternal events that negatively impacted all of us. As I mentioned earlier, webegan in the aftermath of a dark cloud from the Financial Crisis, which had amajor effect on the growth of our private sector, and therefore on our revenuestream.7
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Page 3 and 4: Similarly, we extend our gratitude
Page 5: uilding, a model of self-reliance a
Page 9 and 10: Despite these many external forces
Page 11 and 12: during this period, from $1,934 per
Page 13 and 14: Early Childhood Education Building
Page 15 and 16: For the longer term, we are very co
Page 17 and 18: uncertainty. Given these uncertaint
Page 19 and 20: Tax ReformFor our broad reforms to
Page 21 and 22: Legislature. In the coming months,
Page 23 and 24: In the area of health, it is crucia
Page 25 and 26: e promoting a holistic and coherent
Page 27 and 28: In order to respond to the many nee
Page 29 and 30: interests and many that may be self

2011 Inaugural Address By The Honorable Sebastian L. Anefal ...

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