Government readjusts finance resources, thanks to covid-19

Prime Minister Manasseh Sogavare
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PRIME Minister Manasseh Sogavare has revealed that government is readjusting its finance resources due to pressure from covid-19.

In his nation-wide address yesterday Mr Sogavare said government has reprioritised financial resources to ensure the situation is dealt with and that essential services are continuously delivered.

Sogavare said the government through the Ministry of Finance and Treasury is expected to announce a series of expenditure control measures for the remaining months of this year while funding arrangements are being put in place to ensure the national government continues to honour its ongoing financial commitments and obligations.

He said the current covid-19 pandemic continues to put a lot of pressure on government finances and the economy as a whole, and government revenue continues to perform below budget as expected.

He also said government is committed to ensure that the virus is contained to prevent government finance and the economy to further decline.

“I wish to reassure the nation that the management of covid-19 and the measures to contain the virus combined with keeping our domestic economy afloat, remain the key priorities for the Government,” Sogavare added.