Government hands down K13 billion budget

The Government has handed down a 13-billion-kina (K13 billion) budget announcing for the first time  a multi-year financing strategy that takes into account long term expenditures.

One of the biggest winners in this budget has been education – the government nearly doubling the education budget from over 400 million to 860 million kina.

However, Treasury Minister, Don Polye, says the next three years will be will be difficult with expected budget shortfalls between 2013 and 2016.

Scott Waide was in the budget lock up.

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