A major initiative in the tourism sector that was announced in the 2019/2020 budget is the Tourism Fiji Marketing Grant. There is a delay in the announcement of the COVID-19 response budget. There will be a 50 percent investment allowance for building warehouses. $2.0 million is allocated for eligible households with a combined annual income below $50,000 to receive a grant of $10,000 if they buy a house or $15,000 if they build a house. The Ministry is currently undergoing an organisational restructure that will streamline its systems - the restructure will be complemented by a comprehensive review of Fiji’s national curriculum. The upgrade and extension of Rotuma Hospital is also part of this funding in addition to the specialized Tamavua Subdivisional Hospital. Sayed-Khaiyum says it means working smarter with less. He says they will be accessing the loan in two tranches, and based on government’s progress so far the first tranch is already available. Tudravu says the 995 constables that are being regularised is part of the second phase of their 5 year restructure. However, Seeto says they were hoping for the ECAL rate to be dropped. He says whenever they find any opportunities to strengthen the system they will do it. Sayed-Khaiyum says 30 million dollars has been allocated to subsidise the guaranteed cane price of $85 per tonne. Sayed-Khaiyum says this government has had 10 years of resilient economic growth. $4 million has been allocated for sporting tours. These include assisting informal settlements by drafting proper tenancy agreement and improving basic infrastructure through formalizing and regularisation of informal settlements. “The idea is to provide, firstly the stimulus to the economy and normally the stimulus, of course, is provided to the businesses creating a new environment, giving confidence to the ordinary Fijians that they will be looked after and on the other hand, of course, we are able to provide various targeted assistance.”. Sayed-Khaiyum says this budget paves the way towards greater triumph. The government and Opposition unanimously agreed to amend the April-November sittings. Fiji’s Attorney General and Economy Minister Aiyaz Sayed-Khaiyum was expected to deliver the supplementary budget at … Digital Fiji App will have faster birth registration. The former prime minister claimed a "fair share" of the stimulus package was being used for purposes other than addressing the threat of the coronavirus. The Nadi River Flood Alleviation Project will start next year. There were over 50,000 engagements on facebook as part of the budget consultations. He says there is a big push being made towards multi tasking in the civil service. New centralised bus stands planned in Nakasi and Nasinu. #FBCNews #FijiNews #Fiji #FJBudget, Posted by FBC News on Friday, 17 July 2020. Source: Supplement to the 2020-2021 Budget Address Government debt Government debt as at July 2020 is forecast to reach $6.7 billion or 65.6 percent of GDP (from 49.3% in 2018-2019 fiscal year) due to an increased borrowing in the 2019-2020 COVID-19 Response Budget to accommodate the higher deficit of … The government has announced tax deduction for certain business arenas in Fiji as the country strives to new economic recovery activities. “Barring drastic intervention, our economy may never fully recover; not this year, not next year, not decades on from now. To curb the issues of traffic congestion, 10 percent ECAL will be imposed on all new and used hybrid vehicles and all new and used non hybrid vehicles. #FBCNews #FijiNews #Fiji #FJBudget Posted by FBC News on Friday, 17 July 2020 Keep Connected With The Latest News, Weather, And Sports on Fiji's Best Radio stations. #FBCNews #FijiNews #Fiji #FJBudget Posted by FBC News on Friday, 17 July 2020 Keep Connected With The Latest News, Weather, And Sports on Fiji's Best Radio stations. Welcome to this National Budget Announcement. The 10 percent ECAL will also be levied on the import of smart phones, air conditioners, freezers/refrigerators, television, washing machines, dryers, dishwashers, electric stoves, microwaves and electric lawn mowers. Health Minister Dr Ifereimi Waqainabete says upgrade works for the Emergency Department will be undertaken in the new financial year while upgrade works on the Colonial War Memorial Hospital maternity ward continues. 01/12/2020 This new seawall we have built harnesses the great power of nature to build a buffer between your homes and the encroaching tides. Sayed-Khaiyum says $500 million was thrown down the drain through reckless spending and through the collapse of the NBF under the Rabuka government. $6.9 million has been allocated to move technical colleges to the Fiji National University. He says by accessing these funds now, they are ensured that they are on track to access the full extent of this policy based support well in advance for the October 2020 deadline. Students from foundation level will longer qualify for the  National Toppers Scholarships. 100 percent of employer contribution to FNPF will now be tax deducted. This is to encourage the consumption of local chickens. The Ministry of Education, Heritage and Arts is allocated a total of $467.7 million in the 2019-2020 National Budget. First Home Buyers Assistance will continue. This includes an ongoing major extension to the Colonial War Memorial Hospital Maternity Unit and the completion of the new sub-divisional regional hospital in Navosa. Fiji Chamber of Commerce President Doctor Nur Bano Ali says that this budget will ease processes for businesses through digitization and enhanced services. .js .display { display:none; }, Stay tuned for the latest news on our radio stations, Copyright © 2020 Communications Fiji Limited, 24 December, 2020, 12:27 pm Central - 29°C Rain, Skipper Cup / Farebrother Sullivan Trophy Challenge. The government will announce the National Budget for the 2020-2021 financial year on July 17, Attorney General and Minister for Economy, Aiyaz Sayed-Khaiyum said yesterday. Families with an annual household income of $50,000 or less can receive loans of an extremely concessional nature ‑ with a maximum interest rate of 5% over a maximum term of five years. Sayed-Khaiyum adds this is one way they can get funds that can  help in projects such as moving villages to higher ground. They can only travel from home to school and back and cards can only be used upto 4.30pm. It is projected to be 47.1 percent. ... And for all those who are following along and commenting on social media, please use our hashtag “Fiji Budget” to share in this nationwide conversation. The Import Duty on new non-hybrid vehicles that are less than 1000cc will increase from 5 percent to 15 percent. Narube said the Budget lacked economic logic and had placed the country on a road to financial disaster. Concurrently, another $3.2million is planned in investment towards refurbishing the emergency department at the Colonial War Memorial Hospital and Nausori Health Centre. $250,000 allocated to build mini markets. $29.8 million was allocated to Tourism Fiji to continue global branding initiative in target markets to ensure that Fiji remains a top holiday destination and maintains its growth in the tourism sector. The program will be monitored in the rural and maritime areas. The $3.67billion Budget outlined a list of tax reforms, the biggest tax reforms announced ever in Fiji. The Total Government Revenue is expected at 3.491 billion dollars in the next financial year. 10 million dollars has been allocated for Transportation Assistance. It has also been announced that businesses and organisations will  adopt highways and clean up these areas and they will be allowed to put up signages. Government has announced a massive $2 billion stimulus package to fight the impact of COVID-19. 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