Editorial
Solomon Star
HONIARA, Solomon Islands (June 1) – Manging and protecting public finances remains a huge challenge for the Government.
The Sogavare Government is conscious of this fact.
In its policy document released last week, the Government admits there’s still much to do in the area of public finance.
It identified tax reform, monetary and fiscal policy management, accessibility to credit, and debt management as areas that need to be urgently addressed.
There is also, the Government reckons, a greater need to manage the government’s financial system with integrity.
The previous government, with the help of RAMSI, had taken the initiative to reform the country’s taxation system. The reform process is ongoing.
It had also put into place positive monetary and fiscal policies, and had been commendably servicing the country’s huge debt.
But managing government finances to ensure every single cent is accounted for...