Posted by : Posted on : 14-Nov-2018

$3.93b budget announced in Solomons

Quoting the Solomon Star newspaper – 14 November 2018

THE Deputy Prime Minister and Minister for Finance and Treasury Manasseh Sogavare has announced a $3.93 billion budget under the theme ‘Resourcing the basic fundamentals’, Tuesday.

“The announcement was made when he moved the 2019 Appropriation Bill 2018 to be put to the second reading in the parliament on Tuesday.

“Delivering the Government’s fiscal plan for 2019 Mr Sogavare said the 2019 Budget will strictly focus on all Ministries’ core business, ensuring that they continue to adequately ‘resource the basic fundamentals’ of government within the resource envelope that is available to them.

“The $3.93 billion will be spent to provide the services to the people of Solomon Islands,” Mr Sogavare said.

“He further added that for the first time in Solomon Islands history the payroll budget will account for 34% of total SIG expenditure or $1.24 billion.

“Mr Sogavare added that the other charges budget will account for 52% of total SIG expenditure or $1.91 billion.”

Copyright @ 2018, Solomon Star news.

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