Few other resources exist, so most necessities must be imported, including fresh water from Australia. The rehabilitation of mined land and the replacement of income from phosphates are serious long-term problems. Substantial amounts of phosphate income are invested in trust funds to help cushion the transition. However, dividends from the trusts have declined sharply since 1990 and the government has been borrowing heavily from the trusts to finance fiscal deficits. In an effort to stem further escalation of fiscal problems, the government has called for a freeze on wages for two years, a reduction of over-staffed public service departments, drastic cutbacks in hiring new government staff, privatization of numerous government agencies, and closure of some overseas consulates.
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