The reason for the government to ask four commercial banks for overdraft facilities for district offices has been explained by the Bureau of Statistics. The March quarter showed more spending than earning producing a deficit. It looks like the June quarter numbers could be similar.It is time to b...
By The Editorial Board
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13 June 2026, 9:00PM
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Editorial
Why has the government asked banks for an overdraft facility? That is the question everyone is asking. People want to know if the…
There is a lot of delay in implementing government projects, and all of it has to do with finances. The latest lot awaiting the…
Are there going to be other district offices whose bank accounts could get seized? Last weekend, it was revealed that bank…
When a company earns less than what it spends, it is called a loss, and the same goes for a government. The recent figures on…
The government spent more than it collected in the March 2026 quarter, recording a net borrowing deficit of $34.9 million,…
The government has asked Samoa’s four commercial banks for help in providing overdraft facilities to District Councils to cover…
