MPG passes $34m budget

BY SAMIE WAIKORI

The Malaita provincial assembly passes the province’s revised budget estimate of $34,330,635 for 2024/2025 financial year on Friday January 17.

The budget was brought on the floor of assembly by the provincial finance minister, Hon Lemuel Kevianga on Monday and passed after going through required processes.

Introducing the budget, Kevianga acknowledges the hard-working staff of the provincial administration for preparing the budget.

Detail of the budget estimate as follows;  

• The Total Revenue Budget Summary is estimated at SBD $34,330,635
• The Total Expenditure Budget Summary is estimated at SBD $34,330,635
• The Total Recurrent Revenue for financial year 2024/25 is estimated at SBD 18,926,306, which reflects our continuous partnership with our rural populace and our national government.

He explained that from the total recurrent revenue, the local revenue will contribute SBD 6,543,414, SIG through service grant will contribute SBD 11,636,456, savings revenue SBD 57,324 and other revenue, SBD 689,112.

Kevianga furthered that from the difference of total recurrent revenue less total recurrent expenditure figures, the province anticipates a surplus of SBD 2,873,170 to cover the PCDF co-funding and Ward Development Grant (WDG) arrears and current WDG in the capital expenditure.

Adding that the total revised recurrent expenditure for financial year 2024/25 is estimated at SBD 16,053,136.

Moreover, the MPA explained the disbursement of the expenditures especially the core expenditure levels of the provincial government as follow:

1. Salary & wages which accounts for SBD 6,056,874
2. Operational costs account for SBD 3,064,369
3. Assembly and Executive expenditure accounts for SBD 2,799,698
4. Debt Servicing accounts for SBD 300,000
5. Repairs & Maintenance SBD 851,548
6. Representing 42%,40%,11%,2% and 5% respectively.

He said on the revised capital expenditure, the province will spend a total of SBD 18,277,498.40 for this fiscal year.

Of this amount, Kevianga noted that the new revised PCDF allocation stands at SBD 11,873,158, and has recently allocated and reviewed by PPDC according to sectors projects will implement under the program.

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