Revenue shortfall

Abel reveals K2 billion shortfall in revenue

Finance Minister Charles Abel made this known in parliament on Wednesday, after he was asked about funding support for provinces experiencing natural disasters.

Minister Abel said only K20 million was budgeted for National Disasters.

The government was asked to fund emergency responses and rehabilitation exercises to several provinces that experienced flooding catastrophes only recently, but Minister Abel said what has been asked of the government cannot be met at the moment.

A 2 billion kina shortfall in the 2019 budget has not helped the situation.