Government finance

Money not the problem, La’auli tells Parliament

Savali newspaper reports La’auli’s frustrations were prompted by the unsubstantiated on-line gossips and innuendoes claiming that either Government is on the verge of financial bankruptcy or Government is broke.

La’auli’s comment is substantiated by Central Bank of Samoa’s Economy Report for the first 4 months of the Current Fiscal Year, which states that the Government’s Gross Official Foreign Reserves is at $785.32 million tala at the end of October 2022 which is “1.7% higher than the same month last year.”