are in fact no less important in evaluating the Territory's econornic progress. Public finance 14. The Council takes cognizance for fiscal year 1983/84, of the grant from the Administering Authority, totalling $114.l million for Palau, the Federated States of Micronesia and the Marshall Islands, and of federal categorical grants amounting to $34.9 million. 15. The Council notes with satisfaction that all functions of programme management and financial administration are performed by each Governrnent with the technical assistance of the Adrninistering Authority. It notes also that the introduction of efficient mini-computers facilitates budget preparation and execution and ensures the administrative control of funds. 16. The Council welcornes the Administering Authority's response to the request, made at the council's fifty-first session, for rescheduling Palau's request for credit. It takes note of the additional $2 million appropriated by the United States Congress in order to enable Palau to resolve a continuing financial problem. 17. The Council notes with satisfaction that the quarterly apportionment of funds for the entities had been liberalized to accornmodate their needs early in the fiscal year. 18. The council approves of the levying of import duties, as it had recommended in its 1984 report, on non-essential consumer goods. 19. In that regard, the Council takes note with interest of the progresa made in the Marshall Islands in reducing significantly the cumulative deficit. 20. The Council has taken note of the statement by a petitioner on Palau•s incurred in connection with the construction of an eiectric power station. requests the Administering Authority to ascertain that those debts have not an intolerable level. International trade debts It reached 21. The Council notes that the Territory continues to derive benefit from the provisions of Headnote 3A of the United States Tariff Code. It echoes the concern 
**Analysis**
The text appears to be discussing the economic development of a territory, specifically the management of public finance, budgeting, and trade. It also touches on the issue of international aid and the use of funds. The language used is formal and technical, suggesting that the text is related to government or policy-making.

**Category**
Economic development, International trade