This came after his Government struggled in the last two and half years to restore international relationship with Australia that left them with little time to implement some of its programmes.
The former Sogavare Government was blamed for the rift in relations with Australia and other donors.
Delivering his keynote address at the 32nd Independence celebration at Lawson Tama, Dr Sikua outlined the challenges his government had gone through.
He said in the first 100 days in office, Government moved quickly to mend and restore broken relations and thereby bring back confidence with its regional neighbors, international donor agencies & governments.
However, Dr Sikua said the impact of the financial crisis and the subsequent decline in government revenues has been the major obstacle to the implementation of government funded development projects and programmes during the last two years.
"You would recall that the Government had to impose budget reservations and urged Ministries to reprioritise their projects.
"Hence, it is not a lack of political will that the Government was not able to effectively implement programmes in its six major priority areas," he said.
"While we have made some progress in some of these areas, much remains to be done.
“I must admit that a good number of infrastructure projects such as roads and airports are either slowly progressing or yet to begin," he said.
Dr Sikua said: "The delays or the non fulfillment of those programs were not by design but due to the financial situation we found ourselves into as a result of the global economic and financial crisis.
“A good number of Livelihood development projects meant to improve village development were not funded last year due to lack of funds."
Despite the tight financial situation, Dr Sikua said the government has managed to pull through with the measures we put in place.
"These measures have proved positive in that we were able to provide or maintain the much needed services even with our decline in our revenue collection," he said.
Dr Sikua said the CNURA government may have achieved a lot in terms of its legislative and policy programmes, much more remains to be done in implementing these legislations and polices in order for our people and country to realise the tangible benefits.
"Resource constraints certainly have been a major obstacle to our efforts in the last two and half years.
"Two and half years is too short a time for any government to effectively implement and accomplish its policy objectives. But we have tried our best," he said.
Prime Minister said: "It is important that the next government build on whatever progress we may achieved in further progressing our various national projects in particular those on Malaita."
He said: "Above all, peace and reconciliation efforts should continue to be sustained and pursued, so as our efforts to develop our social and economic infrastructures including transport and telecommunication services.
“Equally important is the need to focus on employment opportunities for our youth. A holistic and strategic approach to national development is critical and this is a matter for us to address in partnership with all stakeholders.
“I trust current work on developing a national development plan will take cognizance of this approach."
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