Government debt

New Government aims to improve on Samoa’s $1 billion public debt

While presenting the National Budget Address 2021/2022 in Parliament yesterday, Afioga emphasized that the new government will work together to avoid such a debt in the future.

“It is unfortunate for the new government to inherit such high debt but it is committed to start reforms on governance to include public finance management, debt sustainability and fiscal consolidation in general to build adequate fiscal space for ‘rainy days’ over the medium term.”