12 Jan 2006

Cook Islands finance secretary upbeat about economy

11:53 am on 12 January 2006

The Cook Islands Finance secretary Kevin Car says the financial forecast for the economy over the next six months is positive.

He said overseas aid money to the Cook Islands has just doubled to US$16 million for the 2005 to 2006 financial year.

Kevin Carr says other sectors of the economy will benefit from the extra aid money.

He says more government money will then be spent on education, the development of the outer islands and human resources.

"I t's looking quite good. Our tax taken has been higher than what we were originally budgeting. But I'd like to see what happens over the next few months, but we anticipate being within our budget for both revenue and expenditure. Generally I'm fairly pleased with the way the economy is going at the moment."