Gulf’s K255.9 budget approved


TREASURER Ian Ling-Stuckey has approved K255.9 million as 2021 budget for Gulf, saying it marks another step forward for Gulf people through its focus on the provision of basic services.
“The budget is an advance on 2020, despite the difficult circumstances the coronavirus (Covid-19) pandemic has created nationwide,” he said.
“The approved budget is K61 million more than last year.
“It is an achievement in these hard times and reflects the wealth of experience provided by Gulf’s political leadership.
“I commend Governor Chris Haiveta and his provincial assembly and administration in pursuing their vision for the province.”
The budget consists of Central government grants of K112.3 million, roll-overs of K7.6 million and internal revenue of K136.1 million.
The 2021 internal revenue is K32 million higher than in 2020.
Capital spending is K9.6 million, most of which are going towards transport and infrastructure.
Haiveta said Gulf was looking forward to develop high-profile resources, including the Papua and Pasca LNG projects.
“The budget includes an allocation for identifying and documenting high-impact projects for inclusion in development forum negotiations,” he said.
“We want to improve services in health, education, transport infrastructure, restore good governance, and generate revenue.”