SOLOMONS TAKE STEP FORWARD ON SPENDING

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HONIARA, Solomon Islands (SIBC, June 22) - The Solomon Islands Parliament has today moved a step closer to approving a supplementary appropriation, passing the bill on second reading.

The $212 million (US$1.5 million) 2004 Supplementary Appropriation Bill is seen as a positive step towards committing government funds for public benefits, not questionable spending.

Minister for Finance Francis Zama said after the bill was passed that the supplementary appropriation would help stabilize and improve government finances in the country.

He said the Bill shows that the government is not only rebuilding the budget, but also distributing the wealth to where it is most needed.

Minister Zama said that the additional funding to be distributed under this bill is a great achievement for the government.

SIBC News understands that this supplementary appropriation is different from previous ones, where parliament was normally asked to approve funds already expended.

However, the 2004 Supplementary Appropriation Bill is asking Parliament to approve expenditure of funds from increased revenue from 2004 estimates as well as the accumulated surplus from 2003.

June 23, 2004

Solomon Islands Broadcasting Corp.: www.sibconline.com.sb

 

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