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Fiji Time: 3:02 AM on Sunday 20 April

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Liabilities soar

Timoci Vula
Saturday, November 17, 2012

FIJI'S international liabilities stood at $6,792.8million in the period ending September 30 last year.

And in its statistical report on the country's international investment position for that quarter, the Fiji Bureau of Statistics revealed provisional data that showed our international liabilities exceeded our international assets by $4,339.0m — a difference of $4,312.1m when compared to 2010.

The country's international liabilities comprised direct investment valued at $5,191.1m (74.4 per cent); portfolio investment valued at $438.8m (6.3 per cent) which consisted of international government bonds payments in September last year; and other investments valued at $1343.3m )19.3 per cent). The breakdown by asset type, on the other hand, included direct investment valued at $85.6m (3.3 per cent); other investment valued at $728.8m (27.6 per cent); and reserve assets valued at $1820.0m (69.1 per cent).