13 Nov 2013

New Caledonia outlines restrained budget

4:26 pm on 13 November 2013

The New Caledonian government has presented its 2014 budget outline, which its spokesperson Sonia Backes says is extremely restrained.

She says the budget of 680 million US dollar is marked by substantial restrictions.

Exceptions, she says, apply to a few projects, such as the lowering of the cost of living and the digital economy.

Ms Backes says the government is still keen on a proactive investment policy to avoid a recession.