The total revenue projected for 2022 is more than K16 billion and a total expenditure of more than K22 billion with a deficit of more than K5 billion, The National newspaper reports.
The money plan comes at a time the country is faced with the challenges brought about by the coronavirus pandemic.
The 2022 revenue projected is an 18.4% increase from the 2021 supplementary budget and the expenditure increased by 9. 3%.
Much of the government's revenue source will come from taxes and donors funding, including non-tax revenue.
The government has also introduced initiatives to raise revenue through telecommunication and Bank South Pacific levies and reduced the districts and provinces Improvement Program funds by 20%.
