Samoa Poised For Soft Loans.

The Samoa Government is confident it can obtain soft loans to cover a $US40 million dollar budget deficit in the coming year.

The Prime Minister Tuilaepa Sa’ilele Malielegaoi has outlined the government’s spending plans, with expenditure set at $US332 million dollars and income of $292 million.

The budget includes a tax on fuel imports to raise money to fund renewable energy developments.

Samoa plans to be generating all its electricity requirements from renewable sources by 2017.

Originally from Radio New Zealand

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Author: Darvin Tocmo

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