News

USP grant restored

January 19, 2023 5:10 am

A redeployment of funds from the 2022-2023 budget will allow the government to immediately release a budget of $10 million to the University of the South Pacific.

Prime Minister, Sitiveni Rabuka, says the government is in talks with USP and hopes to reach an agreement on a repayment plan that will be funded in future budgets in addition to USP’s regular annual grant, which will be reinstated in the 2023-2024 budget.

Rabuka confirms that there will be no mini-budget this year because funds will be redeployed to meet the government’s immediate priorities.

Article continues after advertisement

He claims that the redeployment will also accommodate additional funding requests from ministries and other agencies.