2015 BUDGET REQUIRES NO ADDITIONAL BORROWING: RINI

Finance and Treasury Minister Snyder Rini. Photo credit: Parliament.

Finance and Treasury Minister Snyder Rini. Photo credit: Parliament.

The 2015 Budget will require no additional borrowing by the Government.

This is revealed by the Minister of Finance and Treasury, Snider Rini.

Mr Rini explains, the budget is fully funded through the combination of domestic revenue, external budget support and cash reserves that successive Governments have built up over recent years.

He, however, acknowledged, the greatest challenge will be the execution of the budget.

Mr Rini explains, for Government to do this, it will require from the Government a willingness to make difficult choices in an open political context, the restoration of accountability and transparency in Government and a willingness of diverse groups and provinces in the country to accept sacrifice for the common national good.

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