Budget aims to restore fiscal stability

THE Solomon Islands Treasurer says the upcoming 2018 budget is aimed at restoring fiscal stability.

The Treasurer, who is also Minister of Finance and Deputy Prime Minister Manasseh Sogavare, is to table the Appropriation Bill 2018 in parliament in the coming weeks.

He said the priority for the budget is attaining fiscal stability by ensuring the execution of the budget is effective.

The budget is expected to accommodate initiatives such as updating the Biometric Voter Registration Roll for the 2019 National Elections.

Delivery of this year’s Provincial Elections is also part of the mix, as is resourcing the country’s diplomatic mission in London, the 40th Year Independence Day Celebrations and the Melanesian Arts festival.

But Mr Sogavare signalled that finances remain very limited.

He said “without available cash reserves or legitimate sources of additional financing, the government cannot afford a deficit budget for 2018”.

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