AGP Executive Report
Last update: 29 minutes agoPublic Finance & Debt: Finance Minister Gordon Darcy Lilo told Parliament debt is set to rise slightly, but Solomon Islands remains within its fiscal safety limits (debt-to-GDP 27.2%, below the 35% threshold), while 2025 results showed revenue of about $4.1b against spending of about $5.1b and a $768m deficit. Budget Oversight: Parliament deferred consideration of the 2025 and 2026 Supplementary Appropriation Bills after required reports weren’t tabled. Tax Reform: Government moves to tighten tax collection, tackle exemptions and abuse, and advance reforms including a planned VAT and a rewrite of the Income Tax Act. Banking & Rural Access: Cabinet approved work on a new National Bank with a Rural Bank component in partnership with the World Bank, aimed at bringing formal banking to communities outside Honiara. Energy & Infrastructure: PM Wale says work is underway on a national bank and also plans a regional fuel hub at Aruligo (up to 12 months’ supply) to cut costs and boost energy security; MID is installing permanent traffic signs on upgraded roads. Security & Policing: Australia hands over Lofung border and patrol outpost (17 Aug) and AFP/RSIPF received two NAIAD maritime vessels to strengthen coastal and inter-island policing against illicit trafficking. Youth Justice: The National Youth Justice Bill is stalled as legislative priorities compete, despite UNICEF-funded consultations. Environment & Water: Government launched the PacFresH2O freshwater security programme with partners including GIZ, SPC and Live & Learn. Regional Politics: PM Wale urged Germany and the EU to deepen Pacific engagement, while OFC welcomed FIFA’s withdrawal of the Forward Enterprise proposal, calling for transparency in governance.
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