The budget, which Finance minister Rick Hou will introduce, has gone through the first reading in parliament yesterday.
Known as the 2013 Appropriation Bill 2012, the bill seeks parliament’s approval of $3,457,459,917 for the government to use to run the country next year.
In the 2013 budget, the Government is asking a total of $1.9 billion for the year’s recurrent expenditure.
A total of $645,465,205 will be sought for budget support expenditure, while a total of $901,101,300 will be needed for development expenditure.
Donors are expected to provide an estimated $214,871,300 for the development budget.
The Public Accounts Committee, chaired by East Honiara MP Douglas Ete, will start its hearing into the 2013 budget today.
The hearing is expected for a couple of days.
Mr Hou will table the budget in parliament for MPs to debate, after the hearing.
The Government last year delivered a budget of more than $3.1 billion, which was used to meet government expenditures this year.
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