text: / ... T/L.1274 English Page 11 Organization (UNESCO), World Health Organization (WHO), International Maritirne Organization (IMO) United Nations Industrial Developrnent Organization (UNIDO) and United Nations Commission on Transnational Corporations (UNCTC). Regional organizations that made assistance available to Palau include the Asia Productivity Organization, ESCAP, SPC, FFA, the Overseas Fisheries Co-operative Foundation and the Asia Pacific Telecommunity. B. Public finance 48. Funding for government operations in the Trust Territory is derived rnainly from an annual grant provided by the Departrnent of the Interior. The second and third largest sources of income are federal grants and revenues locally collected from taxation. Total revenues during fiscal year 1988/89 (1 October 1988 to 30 September 1989) amounted to $45.7 million, which balancea annual expenditures {$45.7 million) for the same period. For 1988/89, the grant from the Adrninistering Authority to the Trust Territory totalled approximately $36 rnillion, of which $14.7 million represented funds from the Department of the Interior, $9.7 million was federal grants and $12.4 million was Capital Improvernent Program funds. 49. Local revenues amounted to $9 million, derived mainly frorn taxes and reimbursements for the use of public utilities. 50. Palau's total revenue for 1988/89 amounted to approximately $23 rnillion, of which approximately $14.7 million was derived from the Departrnent of the Interior and $8.8 million from taxes and payments for utilities. During the same period, expenditures amounted to approximately $23.2 million, leaving a budgetary defici~ of approximately $469;000. 51. The total accumulated value of Palauan government property at the end of 1988/89 was estimated at $13 million, while personal property, exclusive of the value of land and improvements, was estimated at $13.4 million. 52. According to the current annual report, the Trust Territory Office of the Transition was responsible for monitoring disbursernents of categorical grants that 
analysis: The text appears to be discussing the financial situation of Palau, a country in the Pacific, and the various organizations and entities that provide assistance to it. The text mentions funding, grants, taxes, and expenditures, which suggests that the category should be related to economic development.