Bougainville hands down K350 million 2016 budget

The Autonomous Bougainville Government has handed down K350 million budget for 2016. The ABG Minister for Finance Planning and Treasury, Albert Punghau  handed down the 2016 ABG Budget totalling K 350,868,200.00 on yesterday (Monday) 

This is down by K8 million from the 2015 ABG Budget.

In handing down the budget, the Minister said that from the National Government’s allocation for 2016, ABG was allocated K261,727,500.00

According to the ABG 2016 BUDGET most of this year’s funds were not used and have been forwarded for implementation in 2016.

The ABG Minister told the ABG House that times are tough and everybody must be prepared to tighten their belt now and in the future.

The ABG Budget session then adjourned so that the members can study the Budget so that they can debate on the budget before it is passed as the 2016 Budget.