$800M PROVINCIAL ASSISTANCE PROGRAM ANNOUNCED
The National Government has recently announced an $800 million dollar funding program for Provincial Governments over a period of five years targeted at developing economic and incoming generating infrastructure projects.
This funding assistance will be allocated through and administered by the Ministry of Provincial Government and Institutional Strengthening (MPGIS).
Details of the funding program will be finalized and outlined to all nine Provincial Governments soon. This is likely to be injected into the Provincial Capacity Development Fund (PCDF) to boost development programs into Provinces.
Permanent Secretary of the MPGIS Stanley Dick Pirione revealed this major funding initiative during a recent dialogue between the National Government and the Malaita Provincial Government.
“The national government through the Ministry of Provincial Government and Institutional Strengthening will be supported with an $800 million funding over the next 5 years, part of this funding will go to economic or income generating infrastructure projects.
“All Provinces including Malaita will benefit from these programs,” Pirione stated.
This five-year funding program was announced after an earlier announcement of the Government’s decision last year to increase the current funding allocation for the PCDF from $30 million to $60 million in this year’s development.
The 100 percent increase of the PCDF demonstrated the national government’s commitment to continue the positive impact of the funding in Provinces.
The increase of the PCDF reflected the national government’s confidence in Provincial Governments to continue to impact peoples’ lives through small infrastructure developments.