Samoa's Prime Minister and Minister of Finance, Tuila'epa Sa'ilele Malielegaoi, has tabled the country's new budget.
The 2014/2015 budget proposes total spending of 350 million US dollars, which is 24 million dollars less than the previous year.
It will be financed by soft term loans of 35 million US dollars, tax income of 250 million US dollars and external grants of 85 million dollars.
The Prime Minister told Parliament he expects to see economic growth stabilise at about 2.5 percent over the medium term, which he says is pleasing following the economic slow down post-cyclone.
The deficit is expected to be around 4.2 percent of GDP compared with 4.8 percent in last year's budget.
Tuila'epa says this reflects the Government's commitment to gradually claw back to its medium-term goal of a deficit no higher than 3.5 percent of GDP.
