With the increase of funding for cooperatives now, this means there will be more spending done on it since it is a growing component of the small business economy and it has a lot of potential for the country.
This was highlighted by Deputy Prime Minister and Minister for MSMEs Manoa Kamikamica following the announcement of the 2025/2026 National Budget.
Kamikamica says they did ask for increases in their funding for MSMEs and cooperatives, and they now have dedicated funding for cooperatives that has been increased to approximately half a million dollars.
He says they are excited to be doing more this year.
Kamikamica further says in terms of spending, they are hoping to utilise around 92 percent of their budget.
When asked about what he thinks about the budget, Kamikamica says he is fine with it despite the decrease in allocation for his Ministry.
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