Malaita Provincial Government (MPG) is aiming to be debt-free once its remaining debt of SBD$995,000 is cleared off.
Premier Peter Ramohia highlighted this at the start of the Malaita province full assembly meeting early this week adding his government is serious to get the province out of debt.
“From a debt of more than $4million, the MART ruling government has managed to repay and to this day the debt stands at SBD$995,000,” an amount that Premier Ramohia regarded as minimal and manageable.
He said Malaita provincial government is serious about getting the province out of debt by controlling expenditure and repaying the debts in full.
“Let me reassure the honourable house that the progress made so far in repaying our standing debt is quite good.
“I am glad that MART government is progressing well towards clearing once and for all this remaining debt balance and this does not attract any interest,” he added.
He said he is thankful for the executive and the Assembly for playing a key role in addressing the issue of borrowing.
“MART government will definitely not be going down that same road again and it is MART government’s will to ensure that our province must improve on its financial management by ensuring that all its financial mechanism is in place,” he added.
By BIRA’AU WILSON SAENI