He says whenever they find any opportunities to strengthen the system they will do it. Laws will also come in to have collection centres around the country for PET bottles and people will be compensated for bringing in the PET bottles. Prior to COVID-19 impacting the world, last year Government had set its expenditure at $3.84 billion and total revenue forecast at $3.49 billion, with our net deficit at $349.2 million or 2.7 percent of our Gross Domestic Product. Mr Sayed-Khaiyum said this was in response to the COVID-19 coronavirus pandemic. He says the Environmental Climate Adaptation Levy is on the White Goods such as Smart Phones, Washing Machines, TV, Electric Stove and Kettle, Dryer and Toaster which use a lot of electricity. Digital Fiji App will create a people hub. The Ministry’s capital expenditures has decreased following the completion of cyclone related rehabilitation. The Fijian Government | 2019 - 2020 Budget Highlights Climate Change Adaptation and Mitigation As Fiji continues to progress on a development trajectory in line with its 5-Year and 20-Year National Development Plan, the adverse impacts of climate change continue to present the single greatest threat to our development aspirations. He also says that the Bainimarama government inherited a debt level of 53 percent of GDP in 2006. FNU allows cross transfers so TELS will continue to fund students going for that. Sayed-Khaiyum says $500 million was thrown down the drain through reckless spending and through the collapse of the NBF under the Rabuka government. Fiji's government has projected a $US1.7 billion National Budget for the 2020-2021 financial year. He says through the Fiji National Provident Fund assistance, 86,000 affected Fijians were assisted in phase one, while another 26,000 were helped in phase two. This is to widen the Nadi River. It has also been announced that businesses and organisations will adopt highways and clean up these areas and they will be allowed to put up signages. The 2019 – 2020 Fiji National Budget was delivered this evening by the Attorney- General and Minister for Economy, Civil Service and Communications, the Honourable Aiyaz Sayed-Khaiyum. National Federation Party Leader Biman Prasad says it is obvious that expenditure has been reduced. This seawall is stronger than the … $6.9 million has been allocated to move technical colleges to the Fiji National University. Electronic payment option will be introduced for government services under the Digital Fiji App. 2. Also included are preliminary works on the Labasa Hospital and sub-divisional hospitals in Nausori, Korovou and Valelevu. He also says that global growth is softening according to the World Bank however the Fijian economy can outperform our trading partners in the new financial year. The 10 percent ECAL will also be levied on the import of smart phones, air conditioners, freezers/refrigerators, television, washing machines, dryers, dishwashers, electric stoves, microwaves and electric lawn mowers. $4 million has been allocated for sporting tours. 01/12/2020 This new seawall we have built harnesses the great power of nature to build a buffer between your homes and the encroaching tides. Sayed-Khaiyum says this budget paves the way towards greater triumph. The Economy Minister says this is the reason Government needs to look at measures to help and ensure that we start a recovery process now and this includes we need visitors back through our tourism industry. It was also confirmed that students under the Tertiary Education Loan Scheme TELS should be going to universities offering their chosen courses near their homes rather than moving to the city to do the same program. When someone applies for government services, people's basic information can be checked and they no longer have to go to the Births Deaths and Marriages Office if they qualify for Social Welfare Assistance. A major initiative in the tourism sector that was announced in the 2019/2020 budget is the Tourism Fiji Marketing Grant. Tudravu says the 995 constables that are being regularised is part of the second phase of their 5 year restructure. Import Duty has also been increased for used hybrid vehicles - the new duty for used hybrid vehicles that are less than 1500cc will be $4,000 from the current $2,000 per unit, $5,000 duty for 1500cc to 2500cc used hybrid vehicles, $6,000 duty per unit for 2500 to 3000cc used hybrid vehicles and $13,000 duty per unit for those used hybrid vehicles exceeding 3000cc. Styrofoam containers will also be phased out by 1st January, 2021. E‑Transport for mini buses will start from the next year. Sayed-Khaiyum says this will be a temporary increase in headline debt in this financial year but that will go down at the moment to redeem global bond in the 2020-2021 fiscal year. Sayed-Khaiyum says they will be reinstilling the culture of gardening by rewarding school communities who look after their school gardens. The upgrade and extension of Rotuma Hospital is also part of this funding in addition to the specialized Tamavua Subdivisional Hospital. This will be effective from 1st January, 2020. Sayed-Khaiyum says it means working smarter with less. Sayed-Khaiyum says the message to the bus industry is to get the older and dirtier buses off the roads after duty reductions. She is happy with the initiatives announced. It is projected to be 47.1 percent. Prior to this, the Ministry of Economy has announced that they will be hosting budget consultations as follows; 2 March 2019: In-Person Consultation Labasa from 10.00am -1.00pm at … Nasinu Court will have 4 new court rooms. E‑Passports will be coming in for a more secure Fiji. This saw revenue estimated at just over $2.5b, while expenses was estimated at over $3.5b. Minister for Economy, Aiyaz Sayed-Khaiyum will deliver the 2020/2021 National Budget address at 7.30 tonight. TELS will no longer be allowed for USP Technical Colleges as they do not allow for cross transfers. The National ID Card system will be implemented by December 2021. Honourable Speaker, Honourable Prime Minister, Honourable Leader of the Opposition, it is my privilege to present to Parliament and to all Fijians, across our country and overseas, the National Budget for the 2019-2020 fiscal year. The Import Duty on new non-hybrid vehicles that are less than 1000cc will increase from 5 percent to 15 percent. To support all employers in Fiji, the statutory FNPF employer contribution is halved from 10 percent to 5 percent effective from 1 April 2020 to 31 December 2020. Minister for Economy Aiyaz Sayed-Khaiyum says just because the budget for a ministry has dropped does not mean they will not perform to what they were doing. Fiji Chamber of Commerce President Doctor Nur Bano Ali says that this budget will ease processes for businesses through digitization and enhanced services. Editorial: We are less than a month away from our national budget announcement for the financial year 2019-2020. In delivering the historic Budget last night, Minister for Economy Aiyaz Saiyed-Khaiyum also announced a $US930 million stimulus package to fund the country's recovery from the impact of the Covid-19 pandemic. This is … Seeto says there should have been a larger allocation for Tourism Fiji. Concurrently, another $3.2million is planned in investment towards refurbishing the emergency department at the Colonial War Memorial Hospital and Nausori Health Centre. This is to encourage the consumption of local chickens. Aiyaz Sayed-Khaiyum says redundancies and waste are being rooted out in the civil service. Over $62 million has been paid out with Government topping accounts with $12m. Sayed-Khaiyum says the free bus fare scheme for students will also have some changes as it has been noticed that truancy is rising amongst students and there has been abuse of the free bus fare scheme. The Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum, last night announced a $3.67 billion national budget for the financial year 2020-2021, aimed at the recovery of the Fijian economy after the outbreak of the COVID-19 pandemic. 10 million dollars has been allocated for Transportation Assistance. Sayed-Khaiyum says they found that the free milk initiative and the bus fare subsidy for students was being abused and they have strengthened it. The National Budget announcement for the 2019/2020 financial year will be delivered on June 7th. National budgets by FijiFirst and before that the Bainimarama administration has seen some out of the box policies implemented in the country. Sayed-Khaiyum says the Fijian government intends to use this funding support to redeem the US$200 million dollar global bond due in October 2020. Welcome to this National Budget Announcement. Sayed-Khaiyum also says that Fiji needs a local Fijian waste management company. The Minister going on to say that over 300 million jobs have been lost world wide and a further 1.25billion jobs at serious risks. $2.0 million is allocated for eligible households with a combined annual income below $50,000 to receive a grant of $10,000 if they buy a house or $15,000 if they build a house. Minister for Economy, Aiyaz Sayed-Khaiyum made this announcement while delivering the 2020/2021 National Budget last night. However, Seeto says they were hoping for the ECAL rate to be dropped. July 18, 2020 6:40 am. The Total Government Revenue is expected at 3.491 billion dollars in the next financial year. $2.1 million will go towards our men’s and women’s Rugby Sevens teams for the Olympics. This includes an ongoing major extension to the Colonial War Memorial Hospital Maternity Unit and the completion of the new sub-divisional regional hospital in Navosa. They can only travel from home to school and back and cards can only be used upto 4.30pm. He also mentioned that for 2 and half hours Minister for Economy has been talking about the good things they have been doing in the past and at the same time trying to also admit the failures in the implementation of the policies and how people might have misused those policies. He says by accessing these funds now, they are ensured that they are on track to access the full extent of this policy based support well in advance for the October 2020 deadline. © 2018-20 Fijian Broadcasting Corporation Limited. Sayed-Khaiyum says government will have to resort to borrowing. The Government will announce a mini budget on March 26, says Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum. He says money at the time was borrowed by previous governments to fund operating expenditure not to focus on capital expenditure. Fiji’s Attorney General and Economy Minister Aiyaz Sayed-Khaiyum was expected to deliver the supplementary budget at … Salaries stood at 620 million dollars in 2013 while the salaries stood at 1 billion dollars last year. $180,000 allocated to fund Fiji's 50th Independence Day celebrations next year. $500,000 has been allocated for this. FCCC is looking at monopolistic fibre networks. Over 800 million dollars allocated to the Education Sector. While delivering the 2019/2020 National Budget, Aiyaz Sayed-Khaiyum confirmed that the plastic bags that are normally used at supermarkets will be banned from January 1st, 2020. He also says that a strong economy keeps the lights on and keeps the water running. 2019-2020 NATIONAL BUDGET ADDRESS Hon. He says 40 % of our GDP has gone as tourism has dried up and this includes the largest contraction of our economy by 21.7%. “Barring drastic intervention, our economy may never fully recover; not this year, not next year, not decades on from now. The deficit will stand at 20.2 percent debt and this pushes the debt to GDP ratio to 83.4 percent. New centralised bus stands planned in Nakasi and Nasinu. This is for the construction of homes in the rural and maritime areas on a cost-sharing basis. A National Gardening Competition will start in all Fijian schools from next year. Fiji Hotels and Tourism Association President, Dixon Seeto says they are glad that tax on ECAL has broadened and also paid by other industries. ... And for all those who are following along and commenting on social media, please use our hashtag “Fiji Budget” to share in this nationwide conversation. Through July 2020, the WAF has agreed to cart water to any area in Fiji impacted by water cuts –– regardless of expected repair time –– at a cost of $4.25 million dollars, and suspend all disconnections until 31 July 2020, forgoing $28.4 million in revenue. Digital Fiji App will have faster birth registration. Sayed-Khaiyum adds this is one way they can get funds that can help in projects such as moving villages to higher ground. This follows reports of students playing with boxes of milk and stomping on them. A new program of cadetship for incoming civil servants will also be implemented. He says it is really important to find out how much is circulating in the mini bus industry. Sayed-Khaiyum says Rabuka should realize that his false accusations on the economy are dangerous. Transport Minister Jone Usamate says it is good that people will now use e-transport cards for mini buses from next year. Duty for new buses has been reduced from 5 percent to 0 percent. Opposition Leader Sitiveni Rabuka says he does not like the 2019/2020 National Budget because the government is not reducing taxes. $250,000 allocated to build mini markets. The government has announced tax deduction for certain business arenas in Fiji as the country strives to new economic recovery activities. The $3.67billion Budget outlined a list of tax reforms, the biggest tax reforms announced ever in Fiji. The Ministry of Housing and Community Development have been allocated $17.2 million. The program will be monitored in the rural and maritime areas. $200,000 has been allocated to have National Youth Awards. The debt to GDP ratio will be down by 6 percent compared to the last budget. The Social Housing Assistance continues with an allocation of $1 million. 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