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Qarase says high debt level increasing

Ana Madigibuli
Monday, July 28, 2014

FORMER leader of the disbanded SDL Party Laisenia Qarase says one of the main issues people need to look further into is the country's debt level, which he claims has jumped to about $5billion, also claiming that this figure continues to increase.

This was communicated to the people of Qauia during a campaign event last week.

Mr Qarase claimed that economic growth for the years 2007 to 2014 was an average of 1.1 per cent of GDP.

"The drastic effect of this dismal growth is reflected in the 30,000 young people that have registered as unemployed and there are no jobs available for them," Mr Qarase said.

"About 12,000 of this number hold qualifications from the University of the South Pacific and other tertiary institutions."

He claimed that poverty levels had jumped from 32 per cent in 2006 to a massive 50 per cent of the population in 2014.

"In a recent study of prices of 10 basic food items, it revealed that the prices of these food items have jumped by about 100 per cent or more from 2006 to 2014," he claimed.

"These national statistics are the worst for any government on record since 1970," he said.

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