The 2015 Budget will require no additional borrowing by the Government. This is revealed by the Minister of Finance and Treasury, Snider Rini. Mr Rini explains, the budget is fully funded through the combination of domestic revenue, external budget support and cash reserves that successive…
The Prime Minister has pledged commitment to maintain 20 percent of the total annual budget for the education sector in the next four years. Mr Sogavare made the pledge in his keynote address at the Solomon Islands National University graduation ceremony last Friday, which saw hundreds of students…
The Finance Minister has criticised the Public Accounts Committee saying he was surprised at some of the organisations the Committee had invited to answer questions during its hearings.
The Democratic Coalition for Change (DCC) Government needs a budget sub-committee to ensure its strategic priorities are adequately funded throughout its entire four-year life.
The Ministry of Rural Development has been allocated one of the largest amounts in this year’s budget. In Parliament last week, Minister for Rural Development, also MP for Temotu-Vatud, Freda Tuki Soriacomua said her Ministry has been allocated $351 million, the biggest one in the budget.
Leader of Opposition Honorable Jeremiah Manele has acknowledged the 33 percent increase in basic education funding to meet operational expenditures of Early Childhood Education, Primary, Secondary and Rural Training Centres throughout the country.
The Leader of the Parliamentary Independent Group, Manasseh Maelanga said once the 2015 budget is passed, clean execution of the development aspirations of the people must be realized. Mr. Maelanga made the statement when commenting on the 2015 budget in parliament on Wednesday.
Chairman of the Public Accounts Committee Rick Hou says any budget should address two major objectives, to release financial resources for the normal operations of the government and for longer term investment.
Finance Minister Snyder Rini has failed the people of Malaita Province says the Member of Parliament for North Malaita, Malaita Province. This is because the current budgetary allocations in the 2015 Appropriation Bill 2015 does not specify the two anticipated development sites identified in…
Leader of Parliamentary Opposition and Member of Parliament for Hograno, Kia, Havulei Jeremiah Manele says the Opposition bench welcomes the People’s Budget. Mr Manele says like the rest of the country, his people also look forward to its implementation.
The Chairman of the Public Accounts Committee, Rick Hou says four percent under the social sector reforms of the 2015 budget is to retrain returning Cuban-trained medics.
The outlook for the national economy has improved slightly with growth this year now expected to be a little higher than previously forecasted with logging sector being the saviour.
Finance Minister Honourable Snyder Rini describes the 2015 national Budget as the ‘People’s Budget’. Presenting the 2015 Appropriation Bill 2015 in its second reading this morning in Parliament, Mr Rini says The budget will deliver a record $4.18 billion in spending to provide services to all…
Total revenue for 2015 is expected to be more than $3,721 million. This is revealed by the Finance Minister Honourable Snyder Rini. Mr Rini told Parliament this morning, total domestic revenue is expected to be more than $2,850 million.
Finance Minister, Snyder Rini has tabled the 2015 National Budget this morning. This budget is the first budget of the Democratic Coalition for Change Government and at over $4 billion, it is the largest in the country’s history.
Auki United Youth Council has appreciated funding initiatives from various business houses in Auki Town to enable Malaita Provincial Assembly to organize important sitting this week.
Leader of Parliamentary Opposition Jeremiah Manele has acknowledged there are challenges in the implementation of development budgets over the years. Contributing to the resolution motion last week, Mr.
Leader of the Parliamentary Opposition Jeremiah Manele has said he is sure the Democratic Coalition for Change Government will take on the outstanding national projects under the 2014 Development Budget. Contributing to the motion on the resolution of Parliament last week, Mr.
The 10th Parliament has granted approval for the Ministry of Finance and Treasury to authorise the issue of money from the Consolidated Funds to meet government expenditure after the 2014 financial year expires on the 31st of December.
Prime Minister Manasseh Damukana Sogavare says the 2015 financial year will be complex to manage as the country’s economic outlook remains fragile. Prime Minister Sogavare made the statement when moving the Motion of Resolution in parliament this morning.
