17 January, 2026, 5:55 am Central - 24°C Clouds

The Opposition was caught off guard and didn’t expect the bold and extraordinary measures in the budget – AG
Sayed-Khaiyum clarifies Govt does not have the legal right to print money

The Opposition was caught off guard and didn’t expect the bold and extraordinary measures in the budget – AG

Sayed-Khaiyum clarifies Govt does not have the legal right to print money

By Dhanjay Deo
28/07/2021
Minister for Economy, Aiyaz Sayed-Khaiyum [Image: Parliament of Fiji]

Minister for Economy, Aiyaz Sayed-Khaiyum says the Opposition was completely caught off-guard with the 2021/2022 National Budget as they only had doom and gloom in their mind and therefore were not expecting the bold and extraordinary measures that were announced.

In his right of reply, Sayed-Khaiyum says the Opposition was hoping the Government will fail in this budget and will announce major cuts to civil service salaries, go back on social welfare and income support for the unemployed, increase taxes and leave the businesses without any initiatives.

He says the Opposition was not prepared for the people’s budget designed to put Fiji first.

He then said mass vaccination is the only permanent and suitable solution to this pandemic. The Minister for Economy stresses complete lockdown is not a sustainable solution.

Sayed-Khaiyum adds COVID-19 related deaths have been politicised in this debate.

Sayed-Khaiyum adds the budget was delivered under very challenging circumstances and many Opposition members have been trying to portray that the current economic crises is the doing of the Fijian Government. He says this is absurd.

He says NFP Leader, Professor Biman Prasad lacks intellectual honesty to give the real picture as he is very much focused on elections, forming Government and even becoming Prime Minister.

The Minister for Economy also responded to SODELPA MP Lynda Tabuya’s comments about printing of money.

He says the Government does not have the legal right to print money.

Sayed-Khaiyum says this is left in the independent hands of the Central Bank and they do not interfere with the decisions of the independent institutions in particular, the monetary policies that is governed and run by the Reserve Bank of Fiji.

FEATURE NEWS
6 in custody including 4 South American nationals after seizure of more than 100 bags of cocaine
Four South American nationals and two Fijians are in police custody following an early morning drug raid in Vatia waters, north of Viti Levu, between ...
12 hours ago
LATEST NEWS
New $7M project aims to strengthen women’s resilience in the Pacific
Oxfam in the Pacific has today launched the Pacific Oceanic Women Enhancing Resilience Project and has received $7 million from the Government of ...
12 hours ago

Three juveniles identified for Nabua motorcycle incident
Three juveniles aged 15 and 13 have been identified for allegedly throwing water at a motorcyclist, resulting in an accident in Nabua on ...
14 hours ago

Investigation ongoing for Walu Bay fuel spill
Outgoing Minister for Environment and Climate Change Mosese Bulitavu says the investigation into the fuel leak at Walu Bay that happened earlier this ...
14 hours ago

296 lives lost on Fiji’s roads in five years
296 people have died on Fiji’s roads over the past five years.Acting Deputy Police Commissioner Aporosa Lutunauga presented the figures at the ...
14 hours ago

Alleged Top Shop robbery case sent back to Magistrates Court
The case of alleged Raiwai Top Shop robbers has been transferred back to the Magistrates Court by High Court Judge Justice Daniel Goundar.23-year-old ...
15 hours ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Electricity tariff increase for users consuming more than 100 units
There is an increase in the electricity tariff rate for consumers using more than 100 units from 1 January next year.Fijian Competition and Consumer ...
15 days ago

Fiji needs to act on human trafficking indicators associated with Grace Road Group
The United States remains deeply concerned about indicators of trans-national organised crime and human trafficking in Fiji associated with the Grace ...
26 days ago

Cheap seed oils are not good for our health - O'Neill
With over 80 percent of deaths in Fiji caused by cardiovascular disease based on the 2011 report, naturopath and nutritionist Barbara O’Neill is ...
26 days ago

TOP