It reflects co-operation in timely revenue collection
By SOLOMON LOFANA
Solomon Star, Auki
The Malaita Provincial Assembly has officially passed its 2026/2027 budget of SBD$47,042,114 on Thursday 19th March.
Provincial Finance Minister Lemuel Kevianga said the province anticipates a strong fiscal position, with total recurrent revenue projected at SBD$23,404,321.
He noted that this reflects continued cooperation between rural communities and the national government in ensuring timely revenue collection.
Kevianga also acknowledged the efforts of provincial administration staff for their diligence in preparing accurate financial figures for deliberation.
Of the total recurrent revenue, locally generated income is expected to contribute SBD$6,273,637, while the Solomon Islands Government (SIG) service grant will provide SBD$12,650,406.
Additional sources include SBD$4,450,278 in other revenue and SBD$30,000 from savings.
The province is forecasting a surplus of SBD$2,818,761 after accounting for recurrent expenditure.
This surplus will be directed towards capital development, including Ward Development Grants (WDG).
Recurrent expenditure for the financial year is estimated at SBD$20,585,559. The largest allocation is for salaries and wages at SBD$7,326,083, followed by operational costs at SBD$5,674,387.
Other expenditures include:
- Staff travel and equipment: SBD$3,190,539
- Assembly and executive costs: SBD$3,032,550
- Utilities: SBD$350,000
- Debt servicing: SBD$330,000
- Repairs and maintenance: SBD$682,000
On the development side, capital expenditure is projected at SBD$26,456,553. A significant portion—SBD$8,160,115—has been allocated under the Provincial Capacity Development Fund (PCDF), with sector allocations reviewed by the Provincial Planning and Development Committee (PPDC).
The passing of the budget signals the provincial government’s commitment to maintaining fiscal discipline while investing in key development priorities for the coming financial year.
