The International Monetary Fund (IMF) has urged the government to stop borrowing.
After ending their two week visit to Fiji, IMF's Asia and Pacific Department Division Chief Ray Brooks said that government must reduce its reliance on the Fiji National Provident Fund (FNPF) as a source of finance adding that reforms are also needed within the FNPF.
Brooks said the Fiji government must also shrink its current spending levels and shift its focus on reducing overall expenditure adding one way to reduce expenditure is through reduction of salaries and wages.
The Reserve Bank of Fiji (RBF) earlier stated that at the end of June 2009, government's outstanding debt totaled $3.066 billion equivalent to 51.3 percent of GDP.
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IMF advises govt to stop borrowing
