growth rate

8% growth rate since 2012

Treasury Secretary, Dairi Vele, said this today at the 2017 Leaders Summit when presenting an overview of the Governments economic performance over the last five years.

Vele said the Government must be commended for achieving this growth between 2012 and 2016.

He added inflation through the same period has been on an average of 5 per cent which was manageable and within the accepted range  for businesses to operate.

The revenue outlook however remains low and will only begin to increase once major investments or projects kick in.