Minister for Economy, Aiyaz Sayed-Khaiyum made this announcement while delivering the 2020/2021 National Budget last night. $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. This saw revenue estimated at just over $2.5b, while expenses was estimated at over $3.5b. 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. 44 MP’s agreed, two objected and five did not vote. 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. This is to encourage the consumption of local chickens. Sayed-Khaiyum says the Fijian government intends to use this funding support to redeem the US$200 million dollar global bond due in October 2020. Click Here for Economic and Fiscal Update – Supplement to the 2020-2021 Budget Address, Click Here for 2020-2021 Revenue Policies, Click Here for 2020-2021 National Budget Address, Posted by FBC News on Thursday, 16 July 2020, Members of parliament are seen heading into parliament for the 2020-2021 Fijian National Budget announcement. 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. $500,000 has been allocated for this. ANNOUNCEMENT OF COVID-19 RESPONSE BUDGET 12/03/2020 With over 110,000 confirmed cases in 113 countries and territories, the rapid spread of COVID-19 has today been declared a pandemic by the World Health Organisation. He also says that global growth is softening according to the World Bank however the Fijian economy can outperform our trading partners in the new financial year. TELS will no longer be allowed for USP Technical Colleges as they do not allow for cross transfers. The National Budget announcement for the 2019/2020 financial year will be delivered on June 7th. He also says that they wanted government to focus on reducing expenditure. He says Rabuka has not taken any lessons through his disastrous economic blunders. The $3.67billion Budget outlined a list of tax reforms, the biggest tax reforms announced ever in Fiji. $180,000 allocated to fund Fiji's 50th Independence Day celebrations next year. The government and Opposition unanimously agreed to amend the April-November sittings. Duty for new buses has been reduced from 5 percent to 0 percent. While delivering the 2019/2020 National Budget, Aiyaz Sayed-Khaiyum confirmed that the plastic bags that are normally used at supermarkets will be banned from January 1st, 2020. Supplementary Budget on Thursday, 26 March 2020 at 7.30 p.m. Josaia Nanuqa Multimedia Journalist iTaukei Desk [email protected] | @JosaiaFBCNews. Sayed-Khaiyum says $500 million was thrown down the drain through reckless spending and through the collapse of the NBF under the Rabuka government. Import Excise Duty will increase from 0 percent to 10 percent for imported chickens. “Barring drastic intervention, our economy may never fully recover; not this year, not next year, not decades on from now. Budget 2020-21 Major tax deductions announced in new budget. A 200 percent tax deduction has been offered for film production companies to set up in Fiji. Styrofoam containers will also be phased out by 1st January, 2021. Nasinu Court will have 4 new court rooms. Sayed-Khaiyum says this will be a temporary increase in headline debt in this financial year but that will go down at the moment to redeem global bond in the 2020-2021 fiscal year. Article continues after advertisement Government spending will stand at around $3.67b, while revenue is projected at around $1.6b. The program will be monitored in the rural and maritime areas. Plans are underway for a National ID Card. Toddler packed into suitcase at the height of TC Yasa, NZ aid aims to assist 700 affected households, Australia to provide $4.5m humanitarian relief, Women’s safety in evacuation centre prioritized, Gavoka pleased with the spirits of Northern people, Ministry purchases crops from affected farms, NFP calls on EFL to help clear road networks, Navakasali villagers grateful for timely assistance, Malawai Residents rebuilding following TC Yasa, Shipping service providers under the spotlight, New Zealand announces another $2m in assistance, Agriculture Ministry sends assistance to affected communities, PM surprises Nadogo students, wishes them well, EU pledges around $2m to support TC Yasa victims, Initial assessment: More than 300 homes damaged, https://www.fbcnews.com.fj/wp-content/uploads/2020/07/18.07.20LR-Stimulus-8am.mp3. The Nadi River Flood Alleviation Project will start next year. The Police Force is allocated $800,000 to combat drug trafficking, with dedicated staff tasked with finding and rooting out networks of hard and synthetic drug dealers and suppliers. Ground Floor, New Wing Government Buildings Suva, Republic of Fiji +679 3301 806 news@govnet.gov.fj ; Mon - Fri: 8am - 5pm; Submit Feedback It is projected to be 47.1 percent. Sayed-Khaiyum says the message to the bus industry is to get the older and dirtier buses off the roads after duty reductions. 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. He also says that a strong economy keeps the lights on and keeps the water running. $7.95 million has been allocated for this. The 2019/2020 National Budget has been announced with many initiatives focusing on protecting our environment, expansion of ECAL or the Environmental and Climate Adaptation Levy on goods including vehicles, increased duty on new and used hybrid and non-hybrid vehicles, targeted assistance for people, reduced government expenditure and a target of economic growth for straight 11 years. $4 million has been allocated for sporting tours. Sayed-Khaiyum says this government has had 10 years of resilient economic growth. #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. ADVERTISEMENT The upgrade and extension of Rotuma Hospital is also part of this funding in addition to the specialized Tamavua Subdivisional Hospital. Some initiatives in the housing sector that have been announced in the 2019-2020 budget. There were over 50,000 engagements on facebook as part of the budget consultations. E‑Transport for mini buses will start from the next year. Fiji recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2018. #FBCNews #FijiNews #Fiji #FJBudget, Posted by FBC News on Friday, 17 July 2020. He says money at the time was borrowed by previous governments to fund operating expenditure not to focus on capital expenditure. $4.5 million allocated for National Agriculture Census. $650,000 will go to our 15s side to fund preparations for the Rugby World Cup year. July 18, 2020 6:40 am. In delivering the historic Budget last night, Minister for Economy Aiyaz Saiyed-Khaiyum also announced a $US930 million stimulus package to fund the country's recovery from the impact of the Covid-19 pandemic. The debt to GDP ratio will be down by 6 percent compared to the last budget. $2.1 million will go towards our men’s and women’s Rugby Sevens teams for the Olympics. The Fijian Government | 2019 - 2020 Budget Highlights Climate Change Adaptation and Mitigation As Fiji continues to progress on a development trajectory in line with its 5-Year and 20-Year National Development Plan, the adverse impacts of climate change continue to present the single greatest threat to our development aspirations. Sayed-Khaiyum says worldwide there has been a five percent contraction in the economy, which has been the worst in 100 years. Welcome to this National Budget Announcement. Over $62 million has been paid out with Government topping accounts with $12m. Naboro will be made a tax free zone for the set up of waste management companies. 4. The National Budget 2019-2020 announcement date has been confirmed for Friday, 07 June 2019. It has also been highlighted that some parents have been abusing their children's bus cards. PO Box 334, Suva, Fiji. Also included are preliminary works on the Labasa Hospital and sub-divisional hospitals in Nausori, Korovou and Valelevu. ... Children of Fiji [VIDEO] The Minister for Economy has also confirmed that no new vehicles will be allowed in Fiji if they are not Euro 4 compliant. 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. Zero percent duty has been announced for new trucks. 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. Government loans and scholarships will continue for tertiary students. Fiji's government has projected a $US1.7 billion National Budget for the 2020-2021 financial year. A new program of cadetship for incoming civil servants will also be implemented. GOVERNMENT must ensure that teachers are remunerated accordingly and this must be set out in the 2019/2020 National Budget which will be announced tomorrow night. FCCC has also reviewed mobile termination rates. REPUBLIC OF FIJI BUDGET ESTIMATES 2020-2021 AS PRESENTED TO PARLIAMENT. Click Here for Budget Estimates 2020-2021. Government has announced a massive $2 billion stimulus package to fight the impact of COVID-19. He says it is really important to find out how much is circulating in the mini bus industry. He says the economy has been stable in an economic boom decade which people are calling the Bainimarama boom. The PRB subsidy continues with an allocation of $1.6 million. Another initiative is the restructure of the First Home Purchase programme which has already assisted more then 300 Fijians to purchase or construct their homes. Whether you’re watching live on television, listening on National Federation Party Leader Biman Prasad says it is obvious that expenditure has been reduced. The threshold to qualify for the 150% tax deductions for corporates who sponsor sports teams will be lowered from $50,000 to $15,000. He says the reductions have happened as some of the re-build programs have been completed. In the 2020-2021 National Budget, we’re announcing a $2 billion direct government stimulus package to fund our comeback from COVID-19’s economic impact. The Young Entrepreneurship Program or the YES Program will continue. 10 million dollars has been allocated for Transportation Assistance. Minister for Economy, Aiyaz Sayed-Khaiyum made this announcement while delivering the 2020/2021 National Budget last night. There will be a 50 percent investment allowance for building warehouses. Import Duty has also been increased for used hybrid vehicles - the new duty for used hybrid vehicles that are less than 1500cc will be $4,000 from the current $2,000 per unit, $5,000 duty for 1500cc to 2500cc used hybrid vehicles, $6,000 duty per unit for 2500 to 3000cc used hybrid vehicles and $13,000 duty per unit for those used hybrid vehicles exceeding 3000cc. 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. They can only travel from home to school and back and cards can only be used upto 4.30pm. Transport Minister Jone Usamate says it is good that people will now use e-transport cards for mini buses from next year. Sayed-Khaiyum says this budget paves the way towards greater triumph. “Fiji’s situation demands extraordinary actions to minimise the brunt of the global economic downturn,” Mr Sayed-Khaiyum said. He says the Environmental Climate Adaptation Levy is on the White Goods such as Smart Phones, Washing Machines, TV, Electric Stove and Kettle, Dryer and Toaster which use a lot of electricity. She is happy with the initiatives announced. The Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum, last night announced a $3.67 billion national budget for the financial year 2020-2021, aimed at the recovery of the Fijian economy after the outbreak of the COVID-19 pandemic. Plastic levy will be increased from 20 cents to 50 cents on low density plastic bags. He says whenever they find any opportunities to strengthen the system they will do it. $4.1 million allocated to complete swimming pool in Lautoka. Fiji Hotels and Tourism Association President, Dixon Seeto says they are glad that tax on ECAL has broadened and also paid by other industries. Sayed-Khaiyum also says that Fiji needs a local Fijian waste management company. The National ID Card system will be implemented by December 2021. Seeto says there should have been a larger allocation for Tourism Fiji. A major initiative in the tourism sector that was announced in the 2019/2020 budget is the Tourism Fiji Marketing Grant. Students from foundation level will longer qualify for the  National Toppers Scholarships. 120 million dollars has been collected through ECAL so far this year. There will be no increase in the prices of cigarettes and alcohol as there is no duty or tax increases. When someone applies for government services, people's basic information can be checked and they no longer have to go to the Births Deaths and Marriages Office if they qualify for Social Welfare Assistance. Concurrently, another $3.2million is planned in investment towards refurbishing the emergency department at the Colonial War Memorial Hospital and Nausori Health Centre. 69 Gladstone Road, Suva. Furthermore last year, Government expenditure growth was forecast at around 4.8 percent while revenue was projected to grow by 7.2 percent and tax revenue growth was expected to be around 5.9 percent in line with the nominal GDP growth rate. He says our young people do not want to be intimidated by fear mongering by Rabuka. “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 they will access this financing in this financial year and keep it in an offshore account until the global bond is due next year. The Free Milk for Year 1 students will now only be for students in rural and maritime regions. Digital Fiji App will have faster birth registration. This is to assist Fijians and businesses to get back on their feet. Fiji's Opposition Leader Sitiveni Rabuka says the government has manipulated the numbers in its Covid-19 response Budget unveiled on Thursday. Sayed-Khaiyum says government will have to resort to borrowing. Prior to this, the Ministry of Economy has announced that they will be hosting budget consultations as follows; 2 March 2019: In-Person Consultation Labasa from 10.00am -1.00pm at … Sayed-Khaiyum says we will have the single largest contraction of our economy by 21.7%, adding one-third of our workforce have either lost their jobs or are on reduced hours. Fiji’s Attorney General and Economy Minister Aiyaz Sayed-Khaiyum was expected to deliver the supplementary budget at … It was also confirmed that students under the Tertiary Education Loan Scheme TELS should be going to universities offering their chosen courses near their homes rather than moving to the city to do the same program. $54.4 million allocated to the Judiciary. The 2019 – 2020 Fiji National Budget was delivered this evening by the Attorney- General and Minister for Economy, Civil Service and Communications, the Honourable Aiyaz Sayed-Khaiyum. 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 … Tudravu says the 995 constables that are being regularised is part of the second phase of their 5 year restructure. There will be reforms of Immigration laws. The Minister for Economy Aiyaz Sayed-Khaiyum also says that the Asian Development Bank and the World Bank are stepping in to assist by refinancing Fiji’s loan obligations with policy based loan support that is contingent on the progress for the reforms. Allocations for school meal allowance for government schools is going up to $6 per meal. 100 percent of employer contribution to FNPF will now be tax deducted. 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. This will provide a $130 million relief to employers for the next 9 months. .display { width:620px; height:100%; } First Home Buyers Assistance will continue. This seawall is stronger than the … Import Duty on children's clothing has been reduced from 32 percent to 5 percent. However, Seeto says they were hoping for the ECAL rate to be dropped. The Minister for Economy says Fiji aims to recover it’s oceans and will issue Blue Bonds and build a Blue Fiji. Sayed-Khaiyum says the free bus fare scheme for students will also have some changes as it has been noticed that truancy is rising amongst students and there has been abuse of the free bus fare scheme. $250,000 allocated to build mini markets. These include assisting informal settlements by drafting proper tenancy agreement and improving basic infrastructure through formalizing and regularisation of informal settlements. Prior to COVID-19 impacting the world, last year Government had set its expenditure at $3.84 billion and total revenue forecast at $3.49 billion, with our net deficit at $349.2 million or 2.7 percent of our Gross Domestic Product. Announcement Of 2020-21 Budget Set For July 17 With the tourism sector feeling the full brunt of the COVID-19 pandemic, affecting the country’s major revenue and employment source, Mr Sayed-Khaiyum said there was a need for assistance to help sustain those affected. He says the Fijian economy might not fully recover for years to come but also quality of employment for the future generations has been affected by the impact of COVID-19. © 2018-20 Fijian Broadcasting Corporation Limited. Used non-hybrid vehicles in this category will have a duty of 32 percent or $7,000 per unit. 2. This collection of statistical resources on gender in Fiji has been curated by the Research and Library Services of the Fiji Parliament. In total, we’re projecting a $3.67 billion-dollar government spend through the next financial year, with revenues projected at $1.67 billion. Minister for Economy Aiyaz Sayed-Khaiyum says just because the budget for a ministry has dropped does not mean they will not perform to what they were doing. Stay with us for coverage on how the budget announcement will affect you. Minister for Economy, Aiyaz Sayed-Khaiyum will deliver the 2020/2021 National Budget address at 7.30 tonight. He says there is a big push being made towards multi tasking in the civil service. Members of parliament are seen heading into parliament for the 2020-2021 Fijian National Budget announcement. The government has announced tax deduction for certain business arenas in Fiji as the country strives to new economic recovery activities. Narube said the Budget lacked economic logic and had placed the country on a road to financial disaster. Honourable Speaker, Honourable Prime Minister, Honourable Leader of the Opposition, it is my privilege to present to Parliament and to all Fijians, across our country and overseas, the National Budget for the 2019-2020 fiscal year. Unity Party leader Savenaca Narube said Mr Khaiyum should seek to change his attitude and rethink his Budget for the 2020-2021 financial year. FNU allows cross transfers so TELS will continue to fund students going for that. To support pharmaceutical manufacturers in Fiji, the import on ethanol will now carry zero duty and the government is granting a 13‑year tax holiday for investments towards the setup of pharmaceutical manufacturing. THE Fijian Government has shut down two of its foreign missions in Brazil and Ethiopia. For business registrations, streamlining processes will be undertaken. The projected expenditure is expected at 3.84 billion dollars. Aiyaz Sayed-Khaiyum says redundancies and waste are being rooted out in the civil service. Plans in place to pay all workers electronically, not in cash. Rates will reduce from 8 cents a minute to 5 cents a minute. 2 3. There is a delay in the announcement of the COVID-19 response budget. He says through the Fiji National Provident Fund assistance, 86,000 affected Fijians were assisted in phase one, while another 26,000 were helped in phase two. Members of parliament are seen heading into parliament for the 2020-2021 Fijian National Budget announcement. The Ministry of Education, Heritage and Arts is allocated a total of $467.7 million in the 2019-2020 National Budget. The deficit will stand at 20.2 percent debt and this pushes the debt to GDP ratio to 83.4 percent. Salaries stood at 620 million dollars in 2013 while the salaries stood at 1 billion dollars last year. Electronic payment option will be introduced for government services under the Digital Fiji App. Opposition Leader Sitiveni Rabuka says he does not like the 2019/2020 National Budget because the government is not reducing taxes. The Minister for Economy says they will now restrict travel to subsidised students under the free bus fare scheme. Mr Sayed-Khaiyum said this was in response to the COVID-19 coronavirus pandemic. Sayed-Khaiyum says this is based on increase in civil service salaries over the past years. He says 40 % of our GDP has gone as tourism has dried up and this includes the largest contraction of our economy by 21.7%. Fiji Chamber of Commerce President Doctor Nur Bano Ali says that this budget will ease processes for businesses through digitization and enhanced services. While Fiji has so far remained coronavirus-free, we’re not immune from this pandemic’s economic ramifications. This is to widen the Nadi River. The Ministry of Housing and Community Development have been allocated $17.2 million. 2019-2020 NATIONAL BUDGET ADDRESS INTRODUCTION 1. The Social Housing Assistance continues with an allocation of $1 million. Floodlights to be installed at Churchill Park. E‑Passports will be coming in for a more secure Fiji. .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. A major initiative in the tourism sector that was announced in the 2019/2020 budget is the Tourism Fiji Marketing Grant. The Economy Minister says this is the reason Government needs to look at measures to help and ensure that we start a recovery process now and this includes we need visitors back through our tourism industry. To support all employers in Fiji, the statutory FNPF employer contribution is halved from 10 percent to 5 percent effective from 1 April 2020 to 31 December 2020. Minister for Economy Aiyaz Sayed-Khaiyum Major changes in taxes and policies have been announced in the 2020/2021 National Budget by Minister for … #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. The Import Duty on new non-hybrid vehicles that are less than 1000cc will increase from 5 percent to 15 percent. This follows reports of students playing with boxes of milk and stomping on them. A major initiative in the tourism sector that was announced in the 2019/2020 budget is the Tourism Fiji Marketing Grant. FCCC to charge fees to companies who hire them. Government spending will stand at around $3.67b, while revenue is projected at around $1.6b. Fiji’s 2020-21 National Budget will see the Government attempt to spend its way out of the COVID-19 induced recession. FCCC is looking at monopolistic fibre networks. An allocation of $12.7million is dedicated to the major health infrastructure projects in the 2019-2020 National Budget. National budgets by FijiFirst and before that the Bainimarama administration has seen some out of the box policies implemented in the country. Sayed-Khaiyum says it has been noticed that some students are using more tax dollars by moving away from their homes to do courses that are available near their homes. Digital Fiji App will create a people hub. The Government will announce a mini budget on March 26, says Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum. This is for the construction of homes in the rural and maritime areas on a cost-sharing basis. Existing initiatives like Free Education Year 1 to Year 13, Tuition Grants for TVET, Early Childhood Care and Education, Transport Assistance and Free Textbook Scheme will continue. Over 800 million dollars allocated to the Education Sector. Editorial: We are less than a month away from our na­tional budget announcement for the finan­cial year 2019-2020. The impact of coronavirus has affected government and the latest budget announcement comes after a $1 billion stimulus package that was announced in COVID-19 response budget earlier this year. Sayed-Khaiyum says 30 million dollars has been allocated to subsidise the guaranteed cane price of $85 per tonne. 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. He also says that the Bainimarama government inherited a debt level of 53 percent of GDP in 2006. This is … From 10th of July, a new Biz Fiji Portal will be launched on the requirements to start a new business. The customs and import duties will be effective from midnight tonight. Through July 2020, the WAF has agreed to cart water to any area in Fiji impacted by water cuts –– regardless of expected repair time –– at a cost of $4.25 million dollars, and suspend all disconnections until 31 July 2020, forgoing $28.4 million in revenue. $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 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. 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Percent for imported chickens hospitals in Nausori, Korovou and Valelevu percent investment allowance for warehouses... Parents have been completed for students in rural and maritime regions Budget 2020-21 major tax deductions announced in Budget! Housing sector that have been announced for new trucks in 2006 Economy says they found that $...