Opinion: Two ideas from Fiji for PNG’s upcoming budget
With the 2025 budget due to be delivered next month (November 2024), PNG should look to Fiji to see what else it could do to help the country’s
Budget
VT8.6 billion cut in Vanuatu’s 2025 national budget
The Bill for the Appropriation (2025) Act in Vanuatu reflects a reduction in the national budget by VT8.6 billion (US$72.11 million) for the year
Millions ‘not properly audited’ for APEC: PNG Auditor General
More than K500 million (US$127 million) of public funds expended to deliver Apec 2018 in Port Moresby could not be properly audited because of poor or no
Palau signs FY 2025 Budget Act, averting government shutdown
The Palau national government avoided a shutdown with the signing of the Fiscal Year 2025 Unified Budget Act on 30 September
Solomon Islands government’s stimulus package mismanaged
An audit report on the $306 million (US$36 million) Economic Stimulus Package (ESP) has produced disturbing
Guam business leader warns ’25 budget bill constitutes crisis waiting to happen
The Guam Chamber of Commerce was taken aback by the US$1.3 billion spending measure narrowly passed by the legislature last week, predicting it would entail crisis management in the coming fiscal year. The business
Palau’s President proposes $3.4M Supplemental Budget to address healthcare shortfall
Palau President Surangel Whipps Jr has submitted a US$3.4 million supplemental budget proposal to Olbiil era Kelulau for consideration. The proposal allocates US$3.4 million and appropriates US$2.7 million. In his
Exams in doubt after Solomon Islands Government cuts entire funding allocation
All examination classes face the possibility of not sitting their exams as the Solomon Islands Government has cut the entire budget allocation of more than $70 million (US$8.41 million) for this year’s national
Budget cuts would be ‘devastating’ and ‘deadly’, say U.S. diplomats
Cuts to the U.S. State Department’s 2025 budget proposed by the House of Representatives would be “deadly” and “devastating” to American efforts to counter China’s growing power in the Indo-Pacific region,
Cook Islands new minimum wage comes into effect, employers told to adhere
Employers in the Cook Islands are required to adhere to the new minimum wage rate that comes into effect today. The new minimum wage increases by 50 cents $9.00 to $9.50 per hour (US$5.47 – $5.77) from today,
Tonga’s $899.2 million budget for 2024-25
A draft budget of TOP$899.2 million (US$381 million) for the year 2024/25 was announced by the Government of Tonga, stating that it is the first balanced budget proposed by government to parliament since 2019/2020. The
NZ commits $20m to Cook Islands budget, $10.5m for public service
Cook Islands has secured $20 million (US$12.30 million) in Core Sector Budget Support and an additional $10.5 million (US$6.45 million) for continued public sector strengthening during the 8th Cook Islands-New Zealand
Tongan appropriation Bill 2024 for $899.2 million budget passes first reading
The Legislative Assembly of Tonga passed the first reading of the 2024/2025 Appropriation Bill 2024 today. They are planning for expenditure of $899.2 million (US$ 380.24 million) with $452.3 million (US$191.37 million)
CNMI seeks to address fiscal crisis
CNMI leaders on Sunday announced plans to revise the government’s current budget to address the “urgent fiscal challenges” facing the commonwealth. “While it’s not easy to share this news, I believe we
FSM launches first Citizens Budget
A first-of-its-kind Citizens Budget has been launched in the Federated States of Micronesia (FSM). FSM’s Department of Finance and Administration (DOFA) in a statement today said the National Government Fiscal
Huge pay rise for Solomons politicians
Members of Parliament in Solomon Islands are due to receive a huge pay rise this year despite the nation’s precarious state of the economy and poor government service delivery. The pay increase was published in a
K27.3 billion budget tabled in PNG
The Papua New Guinea Government Tuesday handed down a whopping K27.3 billion (US$7.3 billion) 2024 Budget. Treasurer Ian Ling-Stuckey when presenting the Budget in Parliament described it as a responsible budget that is
Fiji government launches ‘Citizen’s budget’
Orgs call for action on price gouging Fiji’s Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, says the new budget has been meticulously constructed to lay the groundwork for long-term progress.
US$4m approved for Guam airport projects
The House Appropriations Subcommittee on Transportation approved an additional US$4 million in funding requested by Guam for airport projects, the Office of Guam Delegate James Moylan announced Tuesday. The additional
Fiji Budget Debate: TELs change ‘selling out’ students
Fiji opposition parliamentarian, Parveen Bala says the government’s new scholarship system is “selling out of the principle of equal access to higher education, just to keep a badly thought-out election
Fiji Budget Debate: Bainivalu says tourism will be supported
“While the coalition government is making efforts to diversify the economy, we will still take care of tourism,” was the word from Assistant Minister for Tourism and Civil Aviation, Alitia Bainivalu in
Fiji Budget Debate: Seruiratu concerned over government debt
The Leader of the Opposition in Fiji’s Parliament says the government’s budget will increase national debt from FJ$9.9 billion to $10.5 billion. Seruiratu said, “The government debt had been on the decline
Fiji budget debate: Rabuka flags possible mini budget
Fiji’s Prime Minister said his government may deliver a mini-budget six months from now in order to ensure close monitoring of the 2023–2024 Budget. Prime Minister Sitiveni Rabuka told parliament yesterday: “This