2015’s TOTAL REVENUE EXPECTED TO BE MORE THAN $3M

Minister of Finance and Treasury and the Member of Parliament for Maorovo, Synder Rini. Photo credit: SIBC.

Minister of Finance and Treasury and the Member of Parliament for Maorovo, Synder Rini. Photo credit: SIBC.

Total revenue for 2015 is expected to be more than $3,721 million.

This is revealed by the Finance Minister Honourable Snyder Rini.

Mr Rini told Parliament this morning, total domestic revenue is expected to be more than $2,850 million.

This is an increase of about five percent over the 2014 budget revised estimate.

He explains, the revenue increase reflects a lower base in 2014, but continued strong expected increase in revenue from fisheries licence.

Mr Rini adds, the government also expects an estimated $871 million from donors for budget support.

On expenditure, he says the government expects to spend $4,183 million dollars this year.

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