2017 supplementary budget

The Supplementary budget will be the main agenda for discussion during the parliament session.

The Prime Minister, Peter O’Neill, has expressed his confidence with the supplementary budget, saying it is necessary to balance the budget due to the adjustments in the revenue collection.

However, he said more importantly, the Supplementary Budget is to reprioritise expenditure to focus on the Government’s key development agenda.

He added that the 2017 budget plan was based on commodity prices for our exports together with revenue generation.

In a statement, the PM said the supplementary budget maintains focus on core service delivery.

Despite criticisms, PM O’Neill is confident with the supplementary budget, to be tabled in the upcoming session of Parliament commencing on 26th September, 2017.

“The 2017 budget plan was based on commodity prices for our exports together with revenue generation,” the Prime Minister said.

“We are still in a challenging global economic environment with a slow rebound in commodity prices, and this places pressure on expenditure.”