The Fiji Economy has savings in excess of $750 million and this reduces the need for us to borrow.
This was been highlighted by the Attorney General and Minister for Economy Aiyaz Sayed‑Khaiyum while giving an overview of the 2017‑2018 National Budget at a post budget forum organised by Fiji Commerce and Employers Federation.
He adds that Fiji’s debt to gross domestic product ratio in comparison to deficit was quite low.
Sayed-Khaiyum elaborated on the revenue generating measures of Government and the reason of the fiscal deficits over the years where a substantial amount was dedicated to capital works.
He also encouraged the private sector to take on government projects that would in turn create more job opportunities.
The Attorney General also spoke on various incentives provided by Government, the debt level and the level spending dedicated to capital projects resulting in better infrastructure.
Sayed Khaiyum says the challenge to carry out the development is being limited by our ability to do the work as the availability of technology in particular in construction is limited.
Meanwhile, the business community also raised questions on the direction of the economy, on the source of funding for Government programmes and the policies channelled towards boosting businesses.
