Presenting the estimated budget at Tutumang Haus on Thursday afternoon (Feb 9th), Morobe Governor, Luther Wenge, outlined that over K440 million was from national grants, more than K203 million stemmed from internal revenue and K1,400,000 was from former year’s grants.
Wenge said the largest portion of internal revenue was from the Goods and Services Tax, which makes up almost 75 percent of the entire revenue estimates.
GST revenue was valued at K153 million, liquor licensing fees at K6.5 million and mining levy at K2.5 million.
