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2023 Planning Committee Inaugural Meeting

The 2023 Planning Committee held its inaugural meeting on April 9, 2013 at the Cliff Rainbow Hotel Conference Room. The Committee, which was established by Executive Order No. 40 on March 6, 2012, is comprised of membership from the executive leadership of the FSM National and four State Governments.  

FY2012 Annual Report and Audited Financial Statements for the Compact Trust Fund

FSM Office of SBOC Releases FY2012 Annual Report and Audited Financial Statements for the Compact Trust Fund
On April 26, 2013, the FSM Office of SBOC transmitted the Compact Trust Fund Committee’s recently released fiscal year 2012 Annual Report and Audited Financial Statement to FSM President Manny Mori and FSM Congress Speaker Isaac V. Figir.

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  Welcome to the official website of SBOC!

Welcome to the official website of the Office of Statistics, Budget and Economic Management, Overseas Development Assistance and Compact Management; for short "Office of SBOC".

This website has been developed with you in mind, to keep you informed of what is happening at the Office of SBOC, particularly in the areas mandated by law to work and endeavor to seek greater benefits for our nation and people.

We welcome your comments and suggestions on how this website maybe improved, but more importantly, how the Office of SBOC may serve you better, especially you, our citizens of the Federated States of Micronesia.

Posted by: Arnold Canete 
12/22/2009 - 00000043 
  2023 Planning Committee Inaugural Meeting

Palikir, POHNPEI (FSM Office of SBOC):April 16, 2013

The 2023 Planning Committee held its inaugural meeting on April 9, 2013 at the Cliff Rainbow Hotel Conference Room. The Committee, which was established by Executive Order No. 40 on March 6, 2012, is comprised of membership from the executive leadership of the FSM National and four State Governments. For this inaugural meeting, representatives from the five legislative branches of government across the nation were also invited, as well as the resident Diplomatic Corps.

During his keynote statement, President Manny Mori conveyed that the nature of the loose federation of the FSM also lends to significant challenges in the implementation of the nation’s development goals. President Mori went on to highlight that the convening of the committee provides a clear indication of the desire to address those and other challenges in light of the looming expiration of economic provisions of Title Two of the Amended Compact in 2023 as well as the expected shortfall of the Compact Trust Fund.

The three State Governors and one Governor-representative present were invited to give opening remarks, all of whom touched on their hope to find workable solutions to the challenges expressed by the President and the vision and need to move forward as a nation. Other sentiments expressed by the State Governors ranged from the recently concluded Long Term Fiscal Frameworks and burden-sharing, a re-visitation of the FSM’s budget distribution formula, increased revenue enhancement measures and the notion that revenues must be transferred to the States where services are closer to the people.

Ambassador Eiichi Suzuki also gave opening remarks as Dean of the Diplomatic Corps, represented by Ambassador Zhang Lianyun of the Embassy of the People’s Republic of China, Deputy Chief of Mission Miguel Ordonez of the US Embassy and First Secretary Michael Kulesza of the Australian Embassy. Ambassador Suzuki indicated that last November, during the FSM’s Development Partners’ Forum there was recognition of many issues to overcome. He noted that he followed discussions on the formation of the committee, looked forward to seeing its progress and was pleased to bear witness to the inaugural meeting and the potential of the committee. On behalf of the Diplomatic Corps, Ambassador Suzuki expressed his fervent wish that the committee successfully achieves its goals for the transition period and indicated continued support of the FSM’s ongoing development efforts.

The meeting continued the next day in the President’s Cabinet Room, where the members confirmed President Manny Mori and Governor Lyndon Jackson as co-chairmen. The committee also endorsed the Terms of Reference, which calls for the development of a Comprehensive Action Plan in addressing the fiscal and economic challenges leading up to and post-2023. Members were also provided an overview of the resources available to the committee, specifically an appropriation by the 17th FSM Congress in the amount of $150,000,.

As Secretariat to the Committee, the Office of SBOC was tasked to work with key development partners such as the Asian Development Bank to secure technical expertise to support the Committee’s work including that of a Macroeconomist, Sector Specialists and a Development Planner. The 2023 Planning Committee will present its findings and recommendations to the State & National Leadership Conference for consideration and adoption after 12-18 months. Once endorsed by the leadership, the Action Plan will be shared at the next FSM Development Partners’ Forum planned for late 2014.

A significant portion of the second day’s discussions revolved around the expected challenges in implementation of the Action Plan. Members acknowledged that implementation challenges will include the securing of necessary legislative action.

Click here for a copy of the committee’s Terms of Reference.

Posted by: Arnold Canete 
04/16/2013 - 00000229 
  Survey Results of FSM Migrants in the US Released

Palikir, POHNPEI (FSM Office of SBOC): October 11, 2012 –

The FSM Office of Statistics, Budget & Economic Management, Overseas Development Assistance and Compact Management (SBOC) has released the final report on the recently concluded Survey of FSM Migrants in the US including Guam and the Commonwealth of the Northern Mariana Islands (CNMI).

In March 2012, the Office of SBOC obtained the services of two consultants, Fr. Francis X. Hezel, SJ, and Michael J. Levin, PhD, to conduct a scientific random sampling of emigrant Micronesian households in Guam, the CNMI, Hawaii and various mainland United States cities and regions. The survey was designed to gauge the economic wellbeing of the emigrant households, the degree to which they depend on US federal and/or local State government support and their contributions to their local communities as well as to their home islands in the FSM.

The Survey of FSM Migrants final report can be accessed in two parts: click here for the narrative report and here for the tabled survey results.

Posted by: Suzanne L. Gallen 
10/11/2012 - 00000205 
  Executive Summary

The Office of Statistics, Budget & Economic Management, Overseas Development Assistance, and Compact Management (S.B.O.C.) is entrusted with the following main functions:

  • Gathering, analysis, and reporting on socio-economic statistics and other information;

  • Assisting the President in the formulation of macroeconomic policies that aim to promote economic and financial prosperity and security of the FSM;

  • Overseeing the preparation and administration of government budget and nation-wide Strategic Development Plan;

  • Overseeing the effective implementation of the amended Compact of Free Association with the United States.

  • Serving as focal point for development assistance to FSM;

The Office is in the process of developing its Medium Term Strategic Plan (MTSP) that will provide a framework for improved service delivery by introducing performance based management systems in the Office.  This is an integral part of the Mori/Alik Administration policy on efficient and effective government.  The policy looks at two pronged-approaches to streamline the government operation through reform.  The first involves the reorganization of government structures and the Office of SBOC was the centerpiece of such a structural reform and second focuses on assessing the human resource needs of the Government to ensure quality service delivery to the public.  SBOC was created from the integration of key related elements of macroeconomic framework.  These key elements serve as the main functional roles as mandated by Executive Order Number 1(as Amended April 2008) and Public Law No.  15-09, and as provided by FSM Code, title 2, § 202 and 206.  The source of power for the re-organization under the said Executive Order is derived from the FSM Code, Title 2.

Still quite young as an institution, the Office naturally experiences challenges and growing pains as it works to gain its footing in an ever rapid national and global environment of change.  As it moves ahead in producing and achieving the ambitious mandates set out for it, its greatest strength lies within the people who staff it, hardworking, dedicated and extremely driven to succeed.  The greatest challenge or weakness likely remains the inherent test the office poses to the status quo as it seeks to mesh and coordinate its activities within the national government structure, with the four states of the federation, and the international community.  It is important to note that without a measure of failure there can be no success.  In spite of this, the Office of SBOC has achieved considerable outcomes in less than a year's tme.  It has also undertaken a series of self-assessment exercise in preparation of its Strategic Plan.  

The MTSP as envisaged for the Office of SBOC will provide yet another opportunity to translate Government policies, aspirations and perspectives into meaningful actions.   These actions contribute to the betterment of the people's lives and towards achieving FSM-wide Strategic Development Plan (SDP) goals and objectives particularly that of budgetary self-reliance and sustainable economic growth.  The Office of SBOC will, therefore, make deliberate efforts to link its MTSP to the SDP to be able to obtain best results.  The major pillar of this Strategic Plan is the articulation of the Office's Vision, Mission and Values.  

The Vision of the Office of SBOC is stipulated in the following statement: "Sustainable economic growth and macro-economic stability, sound financial management and accountability achieved and sustained."  The Mission of the Office is stated as:  "To foster the environmental, social and economic well-being of people of the Federated States of Micronesia in a sustainable fashion."  The mission of the Office of SBOC is to achieve and maintain sustainable economic growth, macro-economic stability, sound financial management through assisting the President in the development of robust fiscal policies and enhancing the professionalism and promote the use of Information Technology (IT) to collect, analyze, and publish vital socio-economic statistics for decision-making and planning.  The following were agreed to be the Core Values of the Office and are essential to our success:

  • Innovation
  • Professionalism
  • Customer focused
  • Commitment to Work
  • Efficiency
  • Participatory Management
  • Teamwork
  • Timely service delivery
  • Integrity

The rationale for the Strategic Plan is to enable the Office to perform its functions effectively and efficiently.  For this, the plan defines Six Key Results Areas that address the following issues:

  • Stable macro-economic growth and development
  • Financial management and accountability
  • Resource mobilization, allocation and utilization
  • Efficiency and effectiveness of information systems
  • Maintain and develop sustainable human resource capacity to ensure high productivity, full functionality, and quality service delivery to the public.
  • Effective consultations and communications with Office of SBOC stakeholders

To realize the outcomes of these areas, the strategic plan includes strategic objectives and strategies for their achievement.  To ensure accountability, service delivery targets have been developed.  All the components that constitute the strategic plan are summarized in the matrix in the Attachments.  From the Strategic Plan, the Office will progress to the stage of operational planning.  This involves divisional managers and support units with their respective divisions in the development of costed Annual Operating Plans with output objectives directly derived from the strategic objectives of the Strategic Plan.  It is hoped that the Strategic Plan will enable the Office of SBOC to organize itself to improve quality, efficiency, effectiveness and performance of services on a continuous basis and sustain these gains on a longer term.

Posted by: Arnold Canete 
01/12/2010 - 00000158 
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