Modest economic growth forecast

Modest economic growth forecast for Nauru

In handing down the 2017/18 budget, Mr Adeang told Parliament it provides for $128.7 million in revenues and $128.6 million in expenditures.

He said Nauru’s development partners are expected to inject another $28.8 million during the year ahead.

The minister added that despite a downturn in the economy, the Government does not plan to introduce any new taxes to maintain current services or to fund 50th independence anniversary celebrations in 2018.