Budget 2022 - 2023
The 2022/2023 National Budget was delivered on the 15th of July this year.
Tag: Economy
Man asks for assistance regarding repossessed vehicles
A man who had a vehicle in Kadavu transporting goods to the wharf and another one that was usually hired out in Suva is asking for assistance from the government after bo
Minimum wage increases again today
The implementation of the second tranche of the National Minimum Wage and the Wages Regulations commences from today. The new rate for the national minimum wage will b
War on Ukraine and supply chain issue cause imported inflation to surge to 10% while domestic inflation stood at 3.4% - RBF
The war in Ukraine continues to subvert major commodity markets, supply chains and trading partner economies, causing imported inflation to surge to 10 percent while dome
Fiji's economy on a better footing than Sri Lanka – Sri Lankan economist
Fiji is on a much better footing than Sri Lanka when comparing the two economies. These were the sentiments shared by Sri Lankan economist and Fiji Care Chairman, Dumit
The alternative of not borrowing during the last 2 years would have been catastrophic - AG
Government debt is forecast to reach $9.1 billion, equivalent to 88.4 percent of Gross Domestic Product compared to a total debt of $5.2 billion at the end of July 2018 e
Fiji on it’s path to recovery with many sectors delivering improved results after the pandemic – RBF Governor
The feedback from the tourism industry reveals that hotel occupancy rates and revenue per available room are increasing rapidly, with some hotels performing better than t
Fijian economy now expected to grow by 12.4% this year – RBF Governor
The Fijian economy is now expected to grow by 12.4 percent this year, up from the 11.3 percent growth envisaged earlier. The Reserve Bank of Fiji Governor and Chairman
Milk and butter prices go up due to global factors while fuel price could go up again
Expect prices of goods impacted by global factors, to continue to rise as the Reserve Bank of Fiji has predicted that the inflation rate which currently stands at 5 perce
Bigger opportunity for the kava industry in the US – Yazbek
There is a bigger opportunity for the kava industry in the US than in Australia because the US has a bigger kava market. ANZ Fiji Country Head Rabih Yazbek stated this
We will have to look at the scarcity of skills set and the retention issues within the civil service - AG
We need to perhaps adjust the terms and conditions of employment to ensure that we maintain the teachers and nurses and retain them where there's a huge demand for them f
Inflation expected to get worse before it gets better – Rabih Yazbek
Inflation is expected to get worse before it gets better. While stating this, ANZ Fiji Country Head Rabih Yazbek says the minimum wage increase by government is expect
Over 19,000 Fijians in the North receive $100 unemployment assistance
19,521 Fijians in the Northern Division have received their $100 unemployment assistance from the Government. Minister for Economy, Aiyaz Sayed-Khaiyum says they have
Bainimarama’s comment is just a figment of his imagination – Chaudhry
Fiji Labour Party Leader Mahendra Chaudhry says Prime Minister Voreqe Bainimarama’s comment at the Lau Provincial Council meeting that his government had managed t
Domestic economy continues to show signs of improvement as international travel restrictions ease - RBF
Moving forward, visitor arrivals are expected to increase further in the peak tourism season while recruitment intentions were better, as advertisements for new jobs rose
Food prices rose by 6.9% in April
Food prices rose by 6.9 percent in April and annual headline inflation rose to 4.7 percent for the month. According to the latest Economic Review by the Reserve Bank o
Foreign reserves remain adequate at $3.018 billion as at today – RBF
Foreign reserves remain adequate at $3.018 billion as at today, enough to support 8.3 months of imports of goods and services. The Reserve Bank of Fiji Board says fore
Economy continues to show signs of improvement, driven mainly by tourism-related sectors – RBF Board
The Reserve Bank of Fiji says the economy continues to show signs of improvement, driven mainly by tourism-related sectors. Since the opening of Fiji’s border i
AG shares Fiji’s plans for economic diversification with the IMF
Government's plan for economic diversification in areas such as business process outsourcing, medical tourism, retirement villages, light manufacturing and agricultural v
IMF says a fiscal consolidation plan can put Govt debt in a sustainable path moving forward
The International Monetary Fund says it has been advising the Fijian Government to think about a fiscal consolidation plan in the medium term to create space to withstand
Fiji exported a total of $1.85 billion worth of goods in 2021 - Koya
Fiji exported a total of $1.85 billion worth of goods in 2021 which was an increase of 3.2% from $1.79 billion when compared to the year 2020. This was highlighted by