Prime Minister has expressed his confidence with the supplementary budget, which will be tabled in coming Parliament session, commencing on 26th September 2017.
The supplementary budget is necessary to balance the budget due to the adjustments in the revenue collection, and more importantly, to reprioritise expenditure to focus on the Government’s key development agenda. “The 2017 budget plan was based commodity prices for our exports together with revenue generation,” the Prime Minister said. “We are still in a challenging global economic environment with a slow rebound in commodity prices, and this places press on expenditure. “We will continue to adjust and reprioritise expenditure to ensure that we protect and build on the gains we have achieved in the last 5 years in healthcare, education, infrastructure, law and order and empowerment of our people. “The continued investments in these areas is vital to our long-term development and improving lives of our people.” The Prime Minister said the devolution of authority to provinces and districts continues to be a core priority for the National Government. “Our DSIPs and PSIPs are vital to achieving our development objective right around the country. “For the first time in history our Government has been getting funds directly to our districts and provinces where our people live. “People forget that under past Governments, no such funding was given to districts and provinces. “Our DSIP and PSIP policy has seen restoration and development of our district and provinces, and our Government is committed to these two programs. “In the supplementary budget, the government is not cutting DSIP and PSIP, that is certainly not the intention of the Government. “Because we have only two months left in the fiscal year 2017, the Government is providing 2 million Kina for each district and province. “The balance will be paid to the districts and provinces over the term of this Parliament. “These two programs are integral part of our development agenda and we have seen these programs deliver real change.” Comments are closed.
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