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
We Say: Fiji’s budget a test of unity
In the leadup to the coalition government’s 2023-2024 budget, citizens were warned by Prime Minister Sitiveni Rabuka, Finance Minister Biman Prasad, the Fiscal Review Committee and international financial institutions
“Tough” Budget passed in Cook Islands Parliament
Cook Islands Parliament has officially passed the Budget after a grueling two-week session. Prime Minister Mark Brown praised the work of all parliamentarians over the past fortnight. It was the first time the Budget
Fiji Budget: A focus on debt sustainability
The drive to reducing Fiji’s debt underpins many of the measures included in the 2023-2024 Fiji budget, with the coalition government hoping to bring it down to 79% of GDP by July 2024. Government debt is projected to
Tonga Parliament passes deficit Budget for 2023-2024
Tonga’s parliament passed the national Annual Budget for FY2023-2024 of $784.2 million pa’anga (US$332 million) Wednesday with 14-0 votes. The biggest budget allocation in the Budget Estimates 2023-2024 is for the
PNG payroll blowout
The Papua New Guinea Special Parliamentary Committee on Public Sector Reform and Service Delivery is concerned about what the country gets in return for employing 132,898 public servants. Committee chairman Gary Juffa
Samoa government eyes debt reduction
The Samoa Government has forecast public debt will reduce the country’s gross domestic product (GDP) ratio to 32.1 percent by the end of the financial year 2023-24. It plans to achieve this by continuing the
Guam legislature approves pay raise bill in party-line vote
After three days of marathon special session, Guam senators on Friday night passed an administration-endorsed measure supporting a 22 percent raise to the government’s general pay plan. The amended version of the bill
Guam racing against time to use federal funds that will expire next year
The clock is ticking on the Guam Department of Education to expend a federal grant that will expire in September next year, but the local government has yet to begin the procurement process for the projects for which
A new era of prosperity: Guam Governor Guerrero
Guam Governor Lou Leon Guerrero defended her record at a critical juncture of her second term in Adelup, declaring Guam’s recovery in a bid to counter her critics’ “enduring pessimism” and denouncing “meanness
Vanuatu MP allocation increased to VT5 million
Members of Parliament in Vanuatu will now receive a higher amount of funding to cater for their constituents. The MPs will now be entitled to an amount of VT5 million(US$41,544) as their MP Allocation fund. This is
Additional $252m needed to resuscitate economy, says Tonga PM
Tonga’s Prime Minister acknowledged the strong commitment of Tonga’s development partners and donors and said financial assistance is still needed to ensure a prosperous Tonga, on opening the Development
Biden administration to reduce financial burden on U.S territories
The Biden administration has announced new efforts to reduce the financial burden on the U.S territories of American Samoa, the Commonwealth of the Northern Mariana Islands, Guam and U.S Virgin Islands. The U.S.
Minister Conroy wants AusAID to regain prominence within DFAT
Australia’s International Development Minister Pat Conroy says he wants development specialists to “take over” the Department of Foreign Affairs and Trade (DFAT), in another sign he’s intent on
PNG 2023 budget passed unanimously
Papua New Guinea’s 2023 National Budget presented by the Minister for Treasury Ian Ling-Stuckey was finally passed by the Parliament very late on Friday afternoon with an absolute majority of 86 votes – Nil
Commercial banks in PNG oppose new increase in tax
Two major commercial banks in Papua New Guinea have opposed the 45 percent tax on the banking sector to come into effect next year. BSP Financial Group Limited chief executive officer, Robin Fleming said as BSP
PNG Govt pass US$6.8 billion budget
Another year, another record deficit budget for Papua New Guinea. On Tuesday, Treasurer Ian Ling-Stuckey presented his long awaited 2023 money plan to Parliament – with a price tag of K24 billion (US$6.8 billion).
Opinion: Labor reduces but does not eliminate Coalition aid cuts
This year’s aid budget (2022-23) has been increased from $4.55 billion under the Coalition to $4.65 billion under Labor. There are bigger increases in the forward estimate years (2023-24, 2024-25 and 2025-26),
Australia boosts defence, Pacific diplomacy spending in budget
Australia on Tuesday pledged increased defence spending and efforts to firm up diplomatic ties with neighbouring Southeast Asian and Pacific nations as it seeks to counter China’s growing economic and strategic
Palau’s 2023 Budget law passed
Palau budget FY 2023 was signed into law on September 22 at the Ngerulmud Capital rotunda after a brief signing ceremony. Senate and House of Delegates worked round the clock to get it ironed out in time for President
New financial solution to strengthen accountability and service delivery in Kiribati
A new Integrated Financial Management Information System (IFMIS) for Kiribati is expected to usher in a new era of efficiency in public service delivery and accountability for the island nation. Specifically