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former dual French and British systems _#_National holiday: Independence Day, 30 July (1980) _#_Executive branch: president, prime minister, Council of Ministers (cabinet) _#_Legislative branch: unicameral Parliament; note--the National Council of Chiefs advises on matters of custom and land _#_Judicial branch: Supreme Court _#_Leaders: Chief of State--President Frederick TIMAKATA (since 30 January 1989); Head of Government--Prime Minister Father Walter Hadye LINI (since 30 July 1980); Deputy Prime Minister (vacant) _#_Political parties and leaders: National Party (Vanua'aku Pati), Donald KALPOKAS; Union of Moderate Parties, Maxine CARLOT; Melanesian Progressive Party, Barak SOPE _#_Suffrage: universal at age 18 _#_Elections: Parliament--last held 30 November 1987 (next to be held by November 1991); byelections were held in December 1988 to fill vacancies resulting from the expulsion of opposition members for boycotting sessions; results--percent of vote by party NA; seats--(46 total) National Party 26, Union of Moderate Parties 19, independent 1 _#_Member of: ACCT, ACP, AsDB, C, ESCAP, FAO, G-77, IBRD, ICAO, ICFTU, IDA, IFC, IMF, IMO, IOC, ITU, NAM, SPC, SPF, UN, UNCTAD, UNIDO, UPU, WFTU, WHO, WMO _#_Diplomatic representation: Vanuatu does not have a mission in Washington; US--the ambassador in Papua New Guinea is accredited to Vanuatu _#_Flag: two equal horizontal bands of red (top) and green (bottom) with a black isosceles triangle (based on the hoist side) all separated by a black-edged yellow stripe in the shape of a horizontal Y (the two points of the Y face the hoist side and enclose the triangle); centered in the triangle is a boar's tusk encircling two crossed namele leaves, all in yellow _*_Economy _#_Overview: The economy is based primarily on subsistence farming that provides a living for about 80% of the population. Fishing and tourism are the other mainstays of the economy. Mineral deposits are negligible; the country has no known petroleum deposits. A small light industry sector caters to the local market. Tax revenues come mainly from import duties. _#_GDP: $137 million, per capita $860; real growth rate 4.3% (1989 est.) _#_Inflation rate (consumer prices): 7.8% (1989 est.) _#_Unemployment rate: NA% _#_Budget: revenues $90.0 million; expenditures $103.0 million, including capital expenditures of $45.0 million (1989 est.)
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