27 May 2015

Samoa poised for soft loans

5:10 pm on 27 May 2015

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.


Samoa government building Photo: RNZI