Economic Policy Must Target Inclusive Sustainable Growth: Opposition Leader

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Parliamentary Leader of Opposition, Hon. Matthew Wale

BY ALEX DADAMU

Opposition Leader, Hon. Matthew Wale In his speech during the sine die motion in Parliament recently has reminded the government on the number of issues that need thorough attention as the country looks to go into 2021 with a new policy direction.

Amongst various issues mentioned, Opposition Leader, Hon. Wale pointed out the economic policy must target inclusive sustainable growth.

Unfortunately, it is likely to see more of the same – the few at the top getting richer, and the vast majority of Solomon Islanders remaining poor, disempowered and disenfranchised.

Worse, it risks poverty widening in the population. With the population at more than 700,000 with a growth rate of 2.7% (the highest in the region) the demand for public goods and services will increase. Hon. Wale expressed.

The Opposition Leader in the meantime, highlighted that fiscal incentives to induce investment in the productive sectors will undoubtedly result in reduced government revenues, emphasizing the importance of Agriculture research and the need to ensure the Agriculture sector is vibrant.

Meanwhile, Prime Minister Manasseh Sogavare in his nationwide address on Wednesday said the government has undertaken a major review, and re-direction of its policies to adjust to the new normal forced upon the country by the COVID-19 Pandemic.

The policy redirection will ensure we contain and eliminate COVID-19 from our shores, as well as ensuring our Economic Engine continue running to support our country’s development.” Prime Minister Manasseh Sogavare revealed.