The Democratic Coalition for Change (DCC) Government says it will rehabilitate the Development Bank of Solomon Islands (DBSI), redirect the Commodities Export Marketing Authority (CEMA) and reinvigorate the Investment Corporation of Solomon (ICSI) Islands.
These activities are part of the Government’s sectoral reform to the national economy and finance.
Finance Minister, Snyder Rini announced these reforms in his Budget Speech in Parliament on Thursday.
The 2015 National Budget totals to over $4 billion and is the largest yet in the history of the country.
Minister Rini says the Government will adopt a holistic approach and review the structure and composition of the national economy.
“Sir the government, therefore, provided for the following resources and under the economic and finance sector reforms in 2015. $70.9 million to improve economic reform and quality of public finance management and budget execution, services delivery and revenue to Solomon Islands Government and the citizens and also includes the allocation to the initial work of reforming the State-Owned Entreprises.”
Parliament is adjourned and will resume on Tuesday, 7th April next week.