Elaborate. Wasn't the kingom facing a fiscal crisis due to the extravagance of Kalakaua?
The cries of extravagance came from the "Missionary Party" to a large degree. They formed a formidable block in the National Legislature and basically protected their own interests at the expense of the nation and people as a whole. The money that Kalakaua used, even that raise by his close alliance with Claus Spreckles, was put to good effort to raise national pride and Hawaii's standing among the nations of the world in general.
The Provisional and Republican Governments were oligarchical in the truest sense of the word and would even with annexation was looking at the possibility of denying the right to vote to non-whites. The sugar plantations of Hawaii did mirrow the cotton plantations of the Old South to a good degree.