PUBLISHING 2014 MID YEAR BUDGET WAS NOT POLITICAL CAMPAIGN: HOU

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Finance Minister Rick Hou. Photo credit: Courtesy of Pacific Policy.

Caretaker Finance Minister, Rick Hou says publishing the 2014 Mid Year Budget Review was not a political campaign to restore the NCRA Government’s image.

In a media statement today, Minister Hou explains the publication was to satisfy a requirement under the new Public Financial Management Act 2013.

He adds, the document provides facts and information to parliamentarians, citizens and donor partners on economic developments, revenue and expenditure up to the middle of the year.

The document also provides developments of the remainder of 2014.

Meanwhile, the Caretaker Finance Minister says government finances are well secured and managed prudently.