6 Aug 2014

Vanuatu parliament approves extra spending

9:45 am on 6 August 2014

Vanuatu's parliament has approved of extra spending totalling 3 million US dollars, out of which one million is to cover police salaries.

The Finance Minister Maki Simelum says the money was sourced from the tender of Government bonds.

The Daily Post Newspaper reports Prime Minister Joe Natuman says the sale of Government bonds has exceeded 500 thousand US dollars, which reflects a growing confidence in the business community that investment is growing.