tough times
p. 11 · Read in the full issue
Niue
Niue faces tough times
Niue’s government admits it does not have enough money to carry out its social and economic responsibilities. In his budget speech to the country’s parliament Finance Minister Sani Lakatani has apologised to the nation for its economic problems, which he says were caused by the former governments. Lakatani has announced a US$l million deficit for last year and says he’s had to budget for a US$5OO,OOO debt this year. Radio New Z ea^ says Niue is facing its toughest economic times ever and this will restrict the new government’s policy of increasing local production, employment opportunities and private sector investment.