SI: BIG DROP IN FINANCE

SI: BIG DROP IN FINANCE

“THE Solomon Islands Government (SIG) is experiencing a cash flow problem and a big drop in finance collection due to the current COVID-19 pandemic and the State of Public Emergency (SoPE).

“Permanent Secretary (PS) of the Ministry of Finance and Treasury McKinnie Dentana confirmed this yesterday during the weekly talk-back show over the national broadcaster.

He said his ministry has been monitoring the trend over the past six months.

“Mr. Dentana said “in terms of finance and economy, we also are closely monitoring the trend over the last six months and especially the first quarter from January up to April and later on May to June.

“Definitely, I can say that during the first quarter, the economy or the government finance is really badly affected,” he said.

“However, he added from May, it slowly picks up in terms of revenue, and that's why the government would like to carry on with the Economic Stimulus Package (ESP) initiative to enable the economy to revive the economic activities again.”

Copyright @ 2020, Solomon Star News.

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