2022 Budget

Morobe budget worth over K595m

Presenting the 2022 budget at Tutumang Haus was Governor Ginson Saonu, who said the budget was made up of over K374 million from national grants and more than K220 million from internal revenue.

Saonu said 67 percent of the internal revenue comes from the Goods and Services Tax. “The revenue sources speak volumes that we have to be smarter and take further steps to improve other revenue streams,” he stated.

“We should not depend on GST alone but increase other revenue areas and invest in other unconventional revenue sources to increase our internal revenue.”

2022 Budget Analysis, NRI

Dr Sanida highlighted the importance of increasing government revenue to fund its expenditure plan considering the deficit financing that has occurred over the recent past. Thus, it has become ever so important to focus on mechanisms that will increase Government revenue.