$99.3m budget allocation to boost tourism sector
29 June, 2018, 12:48 pm
ABOUT $99.3 million has been allocated to the tourism sector.
While delivering the 2018-2019 National Budget, Economy Minister Aiyaz Sayed-Khaiyum said this would continue to add fuel to the Fijian tourism industry and ensured that tourism numbers from the visitors to dollars spent continued their upward trajectory.
He said to foster sustainable development of this economically viable industry, the ministry was constantly engaging with industry stakeholders, including Fiji Airways, to have more source markets for tourism arrivals.
Tourism Fiji has been provided a marketing grant of $29.78m to continue global branding initiatives in target markets.
This would ensure that Fiji remained a top holiday destination and maintained its growth in the tourism sector. About $3.55m has been allocated to host a Super Rugby match.
Meanwhile, a $1.25m turnover threshold has been announced for businesses currently paying Service Turnover Tax (STT) and Environment and Climate Adaptation Levy (ECAL).
Mr Sayed-Khaiyum said this threshold was aligned to the $1.5m for restaurants.
Fiji Hotel and Tourism Association (FHTA) president Dixon Seeto said they had made submissions prior to the budget announcement.
He said many issues highlighted were dealing with taxation and incentives regarding the tourism industry.
He said the industry needed to develop and at the same time, provide a platform for developing the national economy in terms of investment, employment and spreading benefits throughout Fiji.