Fiji Times Online

Fiji Time: 10:14 AM on Saturday 21 November

/ Front page / News

Reforms deadline set for June

1302 FJT
Monday, February 19, 2007

Update: 1.02pm THE Financial Management Reform currently under way is expected to be completed by June, when a new system is expected to be implemented.

Interim Finance Minister Mahendra Chaudhry says the Government intends having all financial information centralised with a daily monitoring of revenue and expenses for various ministries.

"The immediate major challenges vary from the decline in exports to agriculture and rural development," Mr Chaudhry said.

"The interim administration has just begun, so you know there will be quite a lot of changes in strategies in policies, in resource allocation to the various sectors." 

Mr Chaudhry says they will move resources from unproductive sectors and put them in productive areas.

"So I say this budget is an emergency budget. It is a stop-gap measure we're taking to stabilise government finances and set a new direction for the economy," he said.

The Minister urged a bump-up in exports to stabilise Fiji's economy.

"We have an export enhancement strategy that is being further refined, but we will have to provide incentives to the export sector. That is a major challenge,'' he said.

End of story

MyFijiGuide.com - places to stay and eat, things to do in Fiji

Today's Most Read Stories

  1. Pageant crown arrives next week
  2. English pub bans Fijians
  3. 105 newborns test positive for syphilis
  4. Coach Ella tells ‘very nice' Flying Fijians to toughen up
  5. Hindus discuss taboo subject
  6. Fire razes Sigatoka Sand Dunes park
  7. Miss South Pacific Pageant program
  8. The city has eyes
  9. Police squad rostered for pageant duty
  10. Low dam level threatens power supply

ANZ Foreign Exchange Rates

ANZ currency conversion rates.

Currency Buy Rate Sell Rate
GBP3-week history 0.32030.3123
CAD3-week history 0.57070.5487
EUR3-week history 0.35910.3471
AUD3-week history 0.58510.5601
JPY3-week history 48.310045.3100
NZD3-week history 0.73590.7029
USD3-week history 0.53560.5186

from

$00.00

Top Stories this Week

  1. Ex-lover haunts Wes Monday (16 Nov)
  2. Man flees drinking party and falls Monday (16 Nov)
  3. Miss Kiribati's youngest queen Friday (20 Nov)
  4. Too green Tuesday (17 Nov)
  5. No power Monday (16 Nov)
  6. Sex, young love problems up North Thursday (19 Nov)
  7. Beci in 7s heaven Thursday (19 Nov)
  8. Gold scam Friday (20 Nov)
  9. Murder suspect in court Tuesday (17 Nov)
  10. Be serious, scholarships' not for fun: Envoy Monday (16 Nov)

Photo Galleries

Picture of the DayAthletes from Mulomulo High

Visit our galleries for the best of the week's news and sport pictures.