11 Dec 2009

Solomons parliament debates 2010 budget

11:34 am on 11 December 2009

The Solomon Islands government has tabled its 2010 budget of 251 million US dollars.

The budget tabled by Finance Minister, Synder Rini, is an increase of 630,000 US dollars on the 2009 budget.

Mr Snyder told parliament the budget would not need any borrowing because it could be sustained by domestic revenue.

However, he admitted government would need to plan in the medium term to cater for a revenue shortfall when the logging industry begins to decline.