‘No such thing as borrowing smartly’

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Unity Fiji Party leader Savenaca Narube during an earlier interview. Picture: FILE/ ELIKI NUKUTABU

There is no such thing as borrowing smartly, says Unity Fiji party leader Savenaca Narube.

The former Reserve Bank of Fiji governor made this statement in response to Economy Minister Aiyaz Sayed-Khaiyum during a virtual public budget consultation from Singapore that Government borrowed this year to pay for operating expenditure because it had less revenue and the economy had contracted.

“Fiji is simply borrowing, full stop,” Mr Narube said in response.

“And to top it all, Government is borrowing more so the future generation could borrow less. This is simply nonsense.

“The only reason the future generation would borrow less is because they would have to seriously cut expenses in order to have enough money to repay debt.”

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