28 Nov 2011

Cooks government expects surplus

8:07 am on 28 November 2011

The Cook Islands government expects to have a 2.5 million dollar surplus by the end of this financial year.

The Finance minister Mark Brown says the current budget accounts for a projected economic growth of 5.8 percent this financial year, which is now expected to be about 8.7 percent.

The government projects next financial year's growth to be about 4.3 percent and it has set a baseline growth rate of 3.5 percent.

Mr Brown says Growth has been generated from continued strength in tourism numbers and investment in underwriting flights between Los Angeles, Sydney and Rarotonga..