2017 National Budget will be handed down

The country’s money plan for next year will be handed down this week in Parliament.

Treasury Minister Patrick Pruaitch is expected to give an in-depth insight into the 2017 National Budget in the press lock up on Tuesday at the Parliament state function room.

And in the afternoon, Parliament will sit at 2pm where the Treasury Minister will address the House.

Meanwhile, the 2016 budget was set at K14.2 billion, a deficit of K2 billion.

The health sector received the third largest slice after provincial and administration allocation in this year’s money plan, which was passed last year.

The health sector was allocated K1,555.9 million.

The education sector received the fourth largest funding with K1,312.5 million. This includes the Government’s Tuition Fee Free (TFF) policy getting K602 million.

Transport and law and order sectors received the fifth and sixth largest budgetary allocation of K1,254.1 million and K1,240.9 million.

Health, education, infrastructure development and law and order are the priorities of the current Government.  

Prime Minister Peter O’Neill continuously states that his government has never made cuts to these priority areas, and it will be no different in the 2017 National Budget allocations. 

Author: 
Charles Yapumi