7 Oct 2013

Cook Islands Government delivers surplus for last financial year

2:53 pm on 7 October 2013

The Cook Islands Government has announced an operating surplus of 6 point 5 million US dollars for the last financial year.

The surplus has been put down to the strength in the tourism sector.

Costs associated with underwriting international flights were down, allowing savings of over two point 3 million US dollars.

This was attributed to a fall in fuel prices and improved loadings.

Further evidence of a robust tourism sector was shwon by additional value added tax revenue, which brought in more than half a million US dollars than budgeted for, for a total of over 30 million dollars in revenue.

The finance minister Mark Brown says the figures present a good picture for the government.