$4.8M for Agricultural Sector
Finance Minister Hon. Sogavare presented the 2025 budget of $4.8 billion under the theme “Accelerating Accountable and Transformative Investments: A Pathway Towards A Resilient and Sustainable Economy.” He emphasized the government’s focus on economic transformation, especially in the agriculture sector.
Key plans include exporting 15-20 tons of fresh pineapples bi-monthly to Australia and 5-10 tons of mangoes, melons, and vegetables quarterly to other Pacific Island nations. To support these exports, $4 million has been allocated for export treatment facilities like VHT and fumigation. The government aims to establish the necessary infrastructure, including fumigation chambers and a fully operational VHT plant.
The 2025 budget reflects the Government for National Unity and Transformation’s commitment to sustainable, inclusive growth. The budget focuses on promoting transformative growth, maintaining fiscal stability, improving service delivery, and fostering national unity and good governance. Sogavare emphasized that the country’s natural and human resources are key to realizing these goals for the future.
Veichle Pollution Fee
Finance Minister Manasseh Sogavare also announced that the vehicle pollution fee will take effect in the 2025 Budget, generating $1.8 million in new revenue.
The fee, set at $50 per vehicle annually, was first introduced in June to help address environmental issues.
Sogavare explained that the fee will apply to all pollution emitters, starting with vehicles and expanding to include ocean-going vessels and other engines.
The revenue will support the Ministry of Environment in managing environmental hazards. Additionally, Sogavare revealed a proposed $2 million increase in vehicle license fees.
End///
Thougts? Iumi stori
