Economy

As long as the Chuuk economy suffers from lack of leadership and sound development strategies, Chuukese citizens will continue to leave the State to find jobs elsewhere. While that in itself is not necessarily a bad thing since Chuukese overseas do support their relatives back in Chuuk through remittances, there is still a need to build the Chuuk local economy to support the average citizen. The government must act decisively to reform its economic plan to attract more foreign investment, strengthen the current private sectors with incentives in training and hiring more locals rather than recruit off-island workers. Small businesses which are the foundation of the Chuuk economy must be given tax breaks to encourage growth.