GREAT Coalition records strong revenue collections, with domestic revenue exceeding the six-month budget target by $56 million.
THE GREAT Coalition has started with encouraging fiscal results, with strong domestic revenue collections providing a solid foundation for the Government’s reform and development agenda.
Speaking during the 2026 Supplementary Appropriation Bill 2026 in Parliament this week, Minister of Finance and Treasury Hon. Gordon Darcy Lilo highlighted the positive revenue performance recorded during the first half of 2026.
Since the new Government came into office, one of the clearest positive indicators has been the strength of domestic revenue mobilisation.
“By June, SIG revenues had reached $2.147 billion, exceeding the six-month budget target by $56 million,” he said.
He said the strongest contribution came from the Inland Revenue Division, which collected $1.551 billion, exceeding the mid-year budget by an impressive $223.7 million.
Minister Lilo said the result reflected stronger economic activity, improved tax compliance and increased collections across key revenue streams, including company tax, withholding tax and personal income tax.
Importantly, he said the Government has now revised its year-end forecast for Inland Revenue collections upward to $3.151 billion, an increase of $382.9 million.
“The results demonstrate that the Solomon Islands economy has continued to generate strong domestic revenue despite challenging international and domestic conditions,” he said.
The Finance Minister highlighted that another important positive indicator is the $76.1 million surplus in the SIG recurrent balance, meaning domestic revenue was higher than recurrent expenditure during the review period.
“For the new Government, this provides an important platform to strengthen fiscal discipline and ensure public finances are managed responsibly,” he said.
“ This shows SIG domestic revenue receipt is higher than SIG recurrent expenditure.”
Minister Lilo said the Government also recognises that not all revenue areas performed at the same level.
By June, he said 42.3 percent of the annual revenue target had already been collected, while expenditure execution stood at 38.2 percent.
“The Government expects both revenue and expenditure activity to increase during the second half of the year as economic activity strengthens and key government programmes move further into implementation,” he said.
The fiscal performance gives the new GREAT Coalition Government a stronger platform from which to pursue its priorities of strengthening institutions, growing a productive economy, responsibly managing the country’s natural wealth and investing in people.
The Finance Minister said the Government will continue to build on the positive revenue performance while strengthening tax compliance, improving revenue administration, controlling unnecessary expenditure and ensuring public funds are directed towards priority national programmes.
Minister Lilo said early fiscal results show that the new Government has inherited challenges.
However, he said it has also inherited an economy with strong revenue-generating capacit.
“This Government is determined to turn that strength into better services, stronger institutions and tangible development for Solomon Islanders,” he said.
SOURCE//: Prime Minister Office Press Release-
