Temotu Assembly Passed 2018/19 Revised Budget
Temotu Provincial Assembly on 23rd October passed its revised budget for 2018/19 fiscal year. The Provincial Assembly passed a sum of $10,408,095.61 being $6,923,808.00 for recurrent revenue and expenditures, $3,484,287.61 for capital revenue and expenditures. The overall revised budget reduced by 16% from $12,352,276.00 Original. The basis for the decrease was on the reduction of the Provincial Capital development fund (PCDF) saw capital revenue reduced by 44 % from $6,186,223.00 in the original to $3,484,287.61 revised. Due to this cut the number of projects earmarked for 2018/19 also reduced from 14 to only 11 projects.