By EDDIE OSIFELO MINISTRY of Finance and Treasury has reduced the Recurrent Budget by $272 million in this year’s budget. In 2020 budget, the recurrent budget was $3.082 billion. However, this year, the government reduced it to $2.810 billion of…
By EDDIE OSIFELO THE Government has committed $938 million under the Development Budget to the country’s productive and resource sectors. This is part of the government’s re direction policy to address the changing dynamics of the “new normal” environment. Delivering…
By EDDIE OSIFELO MINISTER of Finance and Treasury, Harry Kuma has outlined the economic outlook of the country in Parliament. Delivering his speech on the $4 billion budget on Tuesday, Kuma said the 2021 budget was developed based on a…
-Government promises to help local businesses -Electricity cost down, May By EDDIE OSIFELO LOCAL businesses will receive tax incentives from Government to remain afloat during the coronavirus pandemic. Minister of Finance and Treasury, Harry Kuma revealed this when he tabled…
By EDDIE OSIFELO THE Government has introduced a ‘top down’ approach in this year’s $4 billion budget. Minister of Finance and Treasury, Harry Kuma told Parliament yesterday the 2021 budget process taken by the government was slightly different from the…
By EDDIE OSIFELO SOLOMON Islands development challenges since Independence in 1978 offers two lessons. Minister of Finance and Treasury, Harry Kuma stated this when he delivered the $4 billion budget in Parliament yesterday. He said first, if Solomon Islands is…
By EDDIE OSIFELO MINISTER of Finance and Treasury, Harry Kuma outlined the overview of the $3.9 billion budget in Parliament yesterday. Delivering the second reading of the 2021 Appropriation Bill 2021, Kuma said the government has planned an overall deficit…
By EDDIE OSIFELO THE Democratic Coalition for Change Government (DCGA) has approved several revenue measures to bolster additional revenue this year. These include taxing Lekona under the Tobacco Exercise from July 1, imposing plastic tax, raw sugar tax and soft…
DCGA to table a $4 billion ‘superficial’ budget By EDDIE OSIFELO THE Democratic Coalition for Government Advancement is going to table a $4 billion ‘superficial’ budget in this sitting of Parliament. The 2021 estimate of the budget is not based…
By EDDIE OSIFELO GOVERNMENT has injected a total of $55 million in six months towards the Development Bank of Solomon Islands (DBSI). Interim Chief Executive Officer, Tukana Bovoro told Public Accounts Committee in Parliament last week. Bovoro said the total…