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
Wednesday 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
No changes in personal, corporate or consumption tax in the budget – Prof.Prasad
Deputy Prime Minister and Minister for Finance, Professor Biman Prasad says people should relax as the government is not planning any changes in rates...
3 hours ago
LATEST NEWS
Govt plans ways to raise incomes and source new markets for goods to tackle cost of living – Prof. Prasad
The surest way for the Government to respond to the cost of living is to raise incomes. That is the comment of Deputy Prime Minister and Minister ...
2 hours ago

We do not have a wide choice in cabinet right now for new AG - Rabuka
Prime Minister Sitiveni Rabuka says he is still looking and assessing when asked if he is still looking for a new Attorney General. This question ...
2 hours ago

Suspension of TLTB consultations on Crown and Native Grant land due to establishment of Steering Group by cabinet - Vasu
The temporary suspension of the i-Taukei Land Trust Board’s consultations on Crown Grant and the Native Grant land is due to the establishment of a ...
3 hours ago

Police targeting people distributing and selling drugs – ACP Driu
With the school holidays approaching and concerns about the involvement of children in drug-related activities increasing, the Fiji Police Force, ...
3 hours ago

5 people in custody following the discovery of meth in Nakasi
A woman and four men from Nakasi are in police custody following a joint raid by officers from the Police Dog Unit and Fiji Detector Dog Unit, and ...
3 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Radrodro reinstated as Education Minister
Prime Minister Sitiveni Rabuka has reappointed the new SODELPA Leader, Aseri Radrodro to his previous post as Minister for ...
1 day ago

Bainimarama and Qiliho's Acquittal Appeal
Coverage on the appeal filed by Acting Director of Public Prosecutions, John Rabuku against the acquittal of the former Prime Minister Voreqe ...
23 days ago

National Program Manager for Fiji 7s, Gareth Baber appears on fijivillage Straight Talk With Vijay Narayan
Gareth Baber appeared on fijivillage Straight Talk With Vijay Narayan to share his plans heading into the preparations for the upcoming tournaments ...
24 days ago

TOP