Fiji needs to expand its economy to help pay the national debt - Kamikamica

Fiji needs to expand its economy to help pay the national debt - Kamikamica
Deputy Prime Minister and Minister for Trade, Cooperatives, Small and Medium Enterprises and Communications, Manoa Kamikamica

Deputy Prime Minister and Minister for Trade, Cooperatives, Small and Medium Enterprises and Communications, Manoa Kamikamica says Fiji needs to expand its economy and help in paying the debt of the nation.

Kamikamica highlighted this after the announcement of the 2023/2024 National Budget.

He says the ministry will work together in rebuilding the nation.

He says there is an allocation of money for the Small and Medium Enterprises in the budget that will help the ministry to continue providing the assistance that they require as their contribution to the economy is significant.

Kamikamica says they will continue to push and encourage MSME’s as they have many opportunities in shaping the lives of the people and the country.

He further says they will coordinate and collaborate with the Ministry of Rural Development and Ministry of Women, Children and Poverty Alleviation as they are also given MSME’s allocation.

The Deputy Prime Minister says the fiscal duty on sheep and lamb meats is reduced to zero while the beef meat duty reduced from 32% to 22% due to the demand for consumption.

He says with the perspective of keeping promises the youths are supposed to be very happy with the TELS debt being written off which was possible with the cooperation of all three parties.

The Deputy Prime Minister says he is also happy with the allocations given to the Ministry of Health, Education, Women, Agriculture and I-taukei as required those amounts to efficiently run their respective Ministries.

He says they will be spending the allocate in an organized way.

The Ministry Trade, Cooperatives, Small and Medium Enterprises & Communications is allocated $116.5 million for the next 12 months.

2023-2024 Budget Coverage

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