Vice President Raynold Oilouch, who is the chair of the committee tasked to handle Palau’s Independence Day celebration this October 1, said that the government has okayed the appropriation of $60,000 for the Independence Day celebration.
Oilouch, however, admitted that the amount allocated is not enough so the committee is finding other means to raise funds for the event.
“60,000 will not be enough but it is understood that the committee will be soliciting funding support from the private sector,” Oilouch said.
Oilouch explained that based on the activities planned for the celebration, a budget has been proposed which has been submitted to President Tommy Remengesau, Jr. and also to the National Congress.
Solicitation letters were already sent out to the major private companies in Palau to ask for support on the celebration, Oilouch said.
Co-chair Baklai Temengil-Chilton, who is also the Minister of Community and Cultural Affairs, said that Palau Chamber of Commerce is also a representative in the organizing committee and that they are working with them in requesting for their members to take part in the event.