As a matter of fact, as Sargent and Wallace pointed out back in 1981, the fiscal surplus must be large enough to pay out public debt services. They framed it as a necessary condition for a consistent reduction in the rate of inflation over time. And this calls for another relevant relationship between fiscal and monetary policy, named fiscal dominance.
Our target is to enable an additional 70,000 (of which 30,000 must be women) Solomon Islanders have access to financial services by 2015. I am pleased to report that our target has been achieved, some 21 months ahead of our target date. Since the start of 2011 to May 2014, more than 98,000 new accounts have been opened with the commercial banks.