Forecasting future budget expense hard
Prime Minister Tuilaepa Dr. Sa'ilele Malielegaoi says it is hard to forecast future events that an annual Government budget should cater for.
He was responding to recent concerns within and outside the Parliament for proper budgeting – in anticipation of activities that could occur over the next 12 months.
The Savali newspaper – in an interview with the Prime Minister – stated that there has been criticism of the recently passed supplementary budget, with some saying it was evidence of poor planning.
But the Prime Minister, in an interview which was published on the Government’s Facebook page yesterday, said it is difficult to forecast what could happen this year.
“Budgeting is a means of providing funds to do what is expected to be done over the next 12 months. And over the 12-months period, important events may occur that the human mind did not anticipate – that’s the real world.
“And no human mind can accurately forecast the future. Only God knows the future and we are only mortal beings, hence the necessity to always review and re-budget.
“And we must always be grateful to our partner – friends who help us with our budget support, and development funding to get us move forward economically,” he said.