Budget 2020-2021: Fijian Government announces $3.67bn budget
17 July, 2020, 9:33 pm
Fiji’s Attorney-General Aiyaz Sayed-Khaiyum has projected a $3.67billion Government budget for the 2020-2021 financial year.
He made the announcement in his national budget address in Parliament this hour.
Mr Sayed-Khaiyum also announced a $2billion direct government-stimulus package to fund the country’s comeback from the economic impact of the global COVID-19 pandemic.
“In total, we’re projecting a $3.67billion-dollar government spend through the next financial year, with revenues projected at $1.67bn. So, our deficit will be steep –– at 20.2 per cent –– pushing our debt to GDP ratio to 83.4 per cent but, as we know, the costs of doing nothing are far steeper,” he said.