3.94 BILLION BUDGET UNVEILED IN THE SOLOMONS
“Minister of Finance and Treasury, Honorable Harry Kuma unveiled the 3.94 billion national budget in Parliament on Tuesday.
“Minister Kuma revealed that the resources and productive sectors allocation will increase to $105.6 million in 2020, this is an increase of 62 per cent or $40 million from $65.1 million in 2019. Infrastructure will increase by 3 per cent to $88 million from $86 million in 2019.
“Minister Kuma also revealed in Parliament that total revenue expected in 2020 is $3.94 billion.
“Furthermore, on his 2020 Budget Speech, the Minister of Finance also confirmed the government commitment to progress in 2020 major investment projects.
“These include the Tina River Hydro Project, the Submarine Cable Project, the upgrade of the Henderson International Airport Project, the Urban Water and Sanitation Project, the Domestic Airport Upgrade Project, the Bina Harbor Project, the operationalization of the Development Bank of Solomon Islands, and the 2023 South Pacific Games.”
Copyright @ Island Sun newspaper 2019
