Government is depending on vaccines to “reopen the economy at its full capacity”.
Economy Minister Aiyaz Sayed-Khaiyum said this last night as he announced a $3.9 billion national budget for the financial year 2021-2022, with a forecasted $2.1 billion revenue.
He said given that the Government still lacked the luxury of complete certainty, they adopted the same conservative revenue strategy as last year.
However, he said, the downside was again the high projected level of debt next year if the economy did not fully reopen.
“While this budget extends over the full financial year, it will be reviewed in six months, these uncertain times require us to be flexible and to adapt quickly to new realities, or better economic situation brought on by widespread vaccination will produce more revenue and provide more,” he said
Meanwhile, the Ministry of Health reported 1405 new cases of COVID-19 for the 24-hour period that ended at 8am yesterday. It also reported six COVID-19 deaths from July 12-15.
FACT FILE:
- Office of the President – $1.9 million
- Office of the Prime Minister – $14.1 million
- Office of the Attorney-General – $10.4 million
- Ministry of Economy – $53.9 million
- Ministry of iTaukei Affairs – $13.8 million
- Ministry of Defence, National Security and Policing – $14.4 million
- Ministry of Employment, Productivity and Industrial Relations – $9.6 million
- Ministry Of Foreign Affairs – $28.1 million
- Fiji Corrections Service – $36.5 million
- Ministry of Justice – $4.3 million
- Ministry of Communications – $54.6 million
- Ministry of Civil Service – $2.3 million
- Ministry of Rural and Maritime Development and Disaster Management – $14.5 million
- RFMF – $79.7 million
- Fiji Police Force – $184.3 million
- Ministry of Education, Heritage and Arts – $442.9 million
- Ministry of Health and Medical Services – $403.3 million
- Ministry of Housing and Community Development – $10.9 million
- Ministry of Women, Children and Poverty Alleviation – $145.5 million
- Ministry of Youth and Sports – $10.2 million
- Higher Education Institutions – $$71.4 million
- Ministry of Agriculture – $61.9 million
- Ministry of Fisheries – $13.1 million
- Ministry of Forestry – $13.2 million
- Ministry of Lands and Mineral Resources – $23.2 million
- Ministry of Commerce, Trade, Tourism and Transport – $81.3 million
- Ministry of Sugar Industry – $72.2 million
- Ministry of Local Government – $12.7 million
- Ministry of Infrastructure and Meteorological Services – $23.8 million
- Ministry of Waterways and Environment – $13.4 million
- Miscellaneous Services – $713.4 million
Compiled by ANISH CHAND
