ENB wants 60pc of revenue for roads

THE East New Britain government wants to retain 60 per cent of its internal revenue to improve and develop roads, says Governor Nakikus Konga.
He said there was a significant drop in ENB’s internal revenue last year.
The drop was attributed to a drop in goods and services tax (GST) revenue, a new Integrated Financial Management System (IFMS) and the late payment of functional grants, among others.
Konga said the IFMS replaced the provincial government accounting system and although it posed some challenges in timely payments, it improved transparency and accountability.
“This year, I would like to see that we have a new financing arrangement for our internal revenue, where more than 60 per cent must go towards infrastructure of roads,” Konga said.
He said the internal revenue forecast for this year is K37,137,655 to be collected from K23,907,000 in GST, K6,181,000 in licencing fees, K2,252,100 in commercial earnings, and other receipts of K3,659,900 and K1,137, 655 from former years.
He said to boost income the government has begun to look for new way to earn money.