Details Of Cook Islands Budget Highlighted In Parliament

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Finance Minister focuses on ‘economic independence’

By Emmanuel Samoglou

RAROTONGA, Cook Islands (Cook Islands News, Oct. 30, 2014) – Cook Islands Finance Minister Mark Brown provided details of the Government’s 2014-15 budget during a speech made in Parliament yesterday.

Speaking on the eve of the Cook Islands’ 50th anniversary as an independent nation, Brown focused on the path for the following 50 years, one that he said "... needs to be one of prosperity, of self reliance and finally, most importantly dignity, dignity as a nation, dignity as a community, dignity of the family, and dignity as a person."

"Not only must we continue to uphold our dignity at all levels but prevent those things that can erode it, that requires an effort at government level, a business level and a personal level," he said, according to a draft copy of his speech.

Brown said, "Economic independence does not come easily as it needs a continued hard productive effort from all of us, from the public sector, the private sector and individual households."

"But we are a strong resilient people we can do it, and we will do it. This government will ensure that, yes, we can do it."

Financial highlights of the 2014-15 budget speech included:

This morning, the Ministry of Finance and Economic Management will be making a "Budget Breakfast" presentation for the public at the Islander Hotel, with additional details for spending in the current financial year.

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