Fonotaga a le Palemene o Samoa - Samoan Budget 2022-23. Tim Tufuga


The Samoan Annual Budget.
$789million in revenue, added to that $85 million in aid, total $875million for 2022-23 National Gross Income, with $964 million in expenditure. Leaving a National Deficit of $89million for the 2022-23 fiscal year.
Compared to the previous year, of 2021-22, whereby the Samoan GDP was worth $898million with $999million expenditure, leaving a $101million deficit.
The Samoan 2022-23 budget has seen an improvement of $23 million less annual deficit compared to 2021-22.
Comparatively speaking, the Samoan GDP is comparable to a City Council Budget in Australia.
Understandably, with a population of 200,000 Samoa has a very modest income stream, with no natural resources such as minerals, oil or gas reserves, Samoa is very dependent upon foreign aid for its survival.
Samoa relies solely on foreign aid for its survival. It is for this very reason that Samoa needs a very strong Regional Hegemon to ensure the survival of a struggling Nation.
Fiji, and Papua New Guinea have stronger economies, particularly Papua New Guinea which is rich in natural resources.
Samoa, relies solely on their human resources to export as economic migrants and a strong reliance upon remittances to augment foreign aid.
Tourism and fishing licensing grants pertaining to maritime international laws would assist in bolstering the Samoan economy.
It is for this very reason that Samoa, like Tonga, would rely upon generous donations from Foreign Nations, and China has presented a very benevolent donor to the very survival of Samoa.

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