Total regular and other income in 2004 was 506.1 million.

Total other resources income from all sources was 1.36 billion against the planned target of 1.49 billion.

Voluntary contributions comprise only one element of total income.

(q) Other income

(Thousands of United States dollars)

Other income and adjustments

(c) Other income. Other income consists mainly of interest income, gains losses as a result of exchange rate movements and other miscellaneous items.

Figure 4. Contribution income other resources, 2004

In 2003, regular resources made up only 43 per cent of the total income.

Income and expenditure by category other donor resources

Income is derived from business taxes and duties imposed at the airport and seaport of Kismaayo, which make up the majority of the total earnings.

Broken down in percentage terms, the revenue generated from the project portfolio of services is estimated at 60.1 per cent revenue generated from direct service provision is estimated at 36.5 per cent and revenue from rental and interest represents 3.4 per cent of total projected 2004 revenue.

Interest and other income of 3.1 million bring to 174.5 million the total income for other resources for 2004.

Income and expenditure by category under other donor resources are shown in table 8.

The pattern of future other resources (regular and emergency) income and spending is projected to increase the share of total programme assistance expenditure for young child survival and development significantly over its planned share of regular resources, to an estimated 52 per cent.

This was due to appreciable growth in income for all three sources regular resources and other resources for regular and emergency situations.

The level of regular resources is projected to remain below the organizational target of 50 per cent, falling to 35 per cent of total income in 2005, due to the growth in emergency contributions, and remaining in the 40 41 per cent range through 2009.

The consolidated budget further explains that the share of special purpose (earmarked) voluntary income is on the increase, rising from 68 per cent of total income in the biennium 2002 2003 to a projected 73 per cent in the biennium 2006 2007.

There may be scope to improve revenue collection by raising fees and royalties from timber harvesting and other uses of the forest.

Other income consists of 1.498 million exchange rate gains and 1.928 million interest income.

The financial plan forecasts total income of 2,305 million for 2005, an increase of 327 million compared to actual results for 2004.

Regular income in 2004 totalled 331.6 million, an increase of 13.4 per cent compared to the 2003 income of 292.3 million.

The loss of potential public revenue from forests can in turn reduce funding for other public sector investments.

(c) Material damages and loss of earnings, including loss of earning potential

The ratio of regular resources income to total income decreased to 40 per cent in 2004 compared to 43 per cent in 2003 and 45 per cent in the financial plan.

He noted that the Economic Development Commission beneficiaries generated about one third, or 127 million, of all income tax revenues and nearly 8.5 per cent, or 3,000, of jobs in the Islands. However, as mentioned earlier (see para.

C. Income

Income

Estimates of income

General income

388,108 untraceable

The Minister of Justice, who is also the ex officio Attorney General of the Republic of Liberia, stated that after the stay order was issued by the Supreme Court in October, he had written to the Chief Justice, in November 2004, to expedite the case. The Chief Justice had assured him that the case would be taken up on a priority basis during the session of the Court commencing in March 2005.

In the case of other resources, projected income has decreased from 163.9 million in 2004 2005 to 163.0 million for 2006 2007.

(iii) Contributions income trust funds and Industrial Development Fund (IDF).

Based on income projections in the plan, total expenditures (net of reimbursement costs) for 2005 and 2006 are forecast to be 2,131 million and 2,076 million, respectively.

Members of other Asian communities, including China, the Philippines, Thailand, Korea, Afghanistan and Iran make up approximately one million of the total population.

Income section 2

C. Revenue analysis

Revenue estimates

Revenue growth Increased operational efficiency High client satisfaction and Good governance and oversight.

(e) Miscellaneous income

The total income projections for the biennium 2006 2007 from voluntary sources of 206.4 million show an increase of about 3 per cent compared with the income for the biennium 2004 2005 of 199.8 million.

Contributions to local resources represented 37 per cent of total other resources income received in 2004.

Miscellaneous income interest income

Table 3 Income Expenditure Forecast 2005