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Show progress for funding

Geraldine Panapasa
Saturday, December 15, 2012

GOVERNMENT ministries and departments will have to put in more effort to ensure capital projects are making progress by mid-2013 or risk losing funding.

According to Finance Ministry permanent secretary Filimoni Waqabaca, the strategy was focused on maintaining the positive implementation rate of 99 per cent this year.

"We might achieve the same level of implementation on our capital projects next year.

"We are spending a lot, more than $700million on capital projects so it's important for government ministries and departments to implement those capital works," Mr Waqabaca said this week.

"There's a close link between those capital investments and growth.

"If they are going to do the roads or bridges, or work on ITC development, hospitals and schools, there will be employment generated and other economic activities spinning out of this.

"If we do not see any progress in their capital projects by mid-next year, we will redeploy their funds to other capital works because it's important that we continue to stimulate economic activity through investment and capital works."

He said some ministries or departments had come up with certain capital projects for funding, but since the national budget had prioritised more critical projects, the redeployed allocations could be directed to those unfunded capital works.

"We want to achieve a certain amount of capital expenditure that can allow us to re-deplore from one ministry to another that had wanted to do a capital project but did not have the funds allocated during the budget," Mr Waqabaca said.





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