Weak economic growth has led to a ten percent fall in income for the Solomon Islands government.
The sun sets over the Port of Honiara in Solomon Islands. Photo: RNZI/Koroi Hawkins
The caretaker Finance Minister, Rick Hou, says tax revenue dropped because of the April floods, which led to the closure of Gold Ridge Mine and less profitable trading for Honiara based businesses.
Mr Hou says this meant the tax revenue was just over 20 million US dollars lower than his government had estimated in its 2014 budget.
He says total state revenue for this year is now expected to be about 233 million US dollars.
