$7.95 million has been allocated for this. 2. 44 MP’s agreed, two objected and five did not vote. 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. Fijians travelling to other countries can use E‑Passport gates. Mr Sayed-Khaiyum was speaking during his first nationwide budget consultations at the Sai Hall, Sigatoka, and Civic Centre in Nadi yesterday. This will be effective from 1st January, 2020. 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. Ground Floor, New Wing Government Buildings Suva, Republic of Fiji +679 3301 806 news@govnet.gov.fj ; Mon - Fri: 8am - 5pm; Submit Feedback Budget 2020-21 Major tax deductions announced in new budget. 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. There will be no increase in the prices of cigarettes and alcohol as there is no duty or tax increases. “Fiji’s situation demands extraordinary actions to minimise the brunt of the global economic downturn,” Mr Sayed-Khaiyum said. The Social Housing Assistance continues with an allocation of $1 million. The Judiciary will develop an e‑filing system. He says our young people do not want to be intimidated by fear mongering by Rabuka. FCCC has also reviewed mobile termination rates. Fiji Hotels and Tourism Association President, Dixon Seeto says they are glad that tax on ECAL has broadened and also paid by other industries. Editorial: We are less than a month away from our na­tional budget announcement for the finan­cial year 2019-2020. Members of parliament are seen heading into parliament for the 2020-2021 Fijian National Budget announcement. Duty for new buses has been reduced from 5 percent to 0 percent. The debt to GDP ratio will be down by 6 percent compared to the last budget. Electronic payment option will be introduced for government services under the Digital Fiji App. Fiji Chamber of Commerce President Doctor Nur Bano Ali says that this budget will ease processes for businesses through digitization and enhanced services. He says money at the time was borrowed by previous governments to fund operating expenditure not to focus on capital expenditure. 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. 120 million dollars has been collected through ECAL so far this 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. 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. A major initiative in the tourism sector that was announced in the 2019/2020 budget is the Tourism Fiji Marketing Grant. E‑Passports will be coming in for a more secure Fiji. He says the National Budget announcement is almost like a national dialogue. Sayed-Khaiyum says worldwide there has been a five percent contraction in the economy, which has been the worst in 100 years. ... Children of Fiji [VIDEO] Government loans and scholarships will continue for tertiary students. Minister for Economy, Aiyaz Sayed-Khaiyum will deliver the 2020/2021 National Budget address at 7.30 tonight. 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. The National Budget 2019-2020 announcement date has been confirmed for Friday, 07 June 2019. They can only travel from home to school and back and cards can only be used upto 4.30pm. Some initiatives in the housing sector that have been announced in the 2019-2020 budget. 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. © 2018-20 Fijian Broadcasting Corporation Limited. #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. Day Care Centres will be established in major hubs of the country. Laws will also come in to have collection centres around the country for PET bottles and people will be compensated for bringing in the PET bottles. The upgrade and extension of Rotuma Hospital is also part of this funding in addition to the specialized Tamavua Subdivisional Hospital. Sayed-Khaiyum says the message to the bus industry is to get the older and dirtier buses off the roads after duty reductions. 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. These include assisting informal settlements by drafting proper tenancy agreement and improving basic infrastructure through formalizing and regularisation of informal settlements. He says the economy has been stable in an economic boom decade which people are calling the Bainimarama boom. $4.5 million allocated for National Agriculture Census. #FBCNews #FijiNews #Fiji #FJBudget, Posted by FBC News on Friday, 17 July 2020. Sayed-Khaiyum says it means working smarter with less. Welcome to this National Budget Announcement. 10 million dollars has been allocated for Transportation Assistance. Fiji's government has projected a $US1.7 billion National Budget for the 2020-2021 financial year. Government has announced a massive $2 billion stimulus package to fight the impact of COVID-19. Tudravu says the 995 constables that are being regularised is part of the second phase of their 5 year restructure. The deficit will stand at 20.2 percent debt and this pushes the debt to GDP ratio to 83.4 percent. 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. Funding has been confirmed for the 15s World Cup and for the Tokyo Olympics. In total, we’re projecting a $3.67 billion-dollar government spend through the next financial year, with revenues projected at $1.67 billion. 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. 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. Floodlights to be installed at Churchill Park. 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. For business registrations, streamlining processes will be undertaken. Plans are underway for a National ID Card. Over 800 million dollars allocated to the Education Sector. This is … Over $62 million has been paid out with Government topping accounts with $12m. $4 million has been allocated for sporting tours. Click Here for Budget Estimates 2020-2021. He says Rabuka has not taken any lessons through his disastrous economic blunders. 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. Stay with us for coverage on how the budget announcement will affect you. 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. Sayed-Khaiyum says 30 million dollars has been allocated to subsidise the guaranteed cane price of $85 per tonne. She is happy with the initiatives announced. From 10th of July, a new Biz Fiji Portal will be launched on the requirements to start a new business. The PRB subsidy continues with an allocation of $1.6 million. Duty has also been increased for all other new and used non-hybrid vehicles. This saw revenue estimated at just over $2.5b, while expenses was estimated at over $3.5b. He also says that the Bainimarama government inherited a debt level of 53 percent of GDP in 2006. He says this has become the most participatory budget consultation in the history of the country. Minister for Economy, Aiyaz Sayed-Khaiyum made this announcement while delivering the 2020/2021 National Budget last night. Whether you’re watching live on television, listening on Spouses of diplomats and spouses of people on work permits will be allowed to work in Fiji. National Federation Party Leader Biman Prasad says it is obvious that expenditure has been reduced. ... 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. 100 percent of employer contribution to FNPF will now be tax deducted. There were over 50,000 engagements on facebook as part of the budget consultations. Opposition Leader Sitiveni Rabuka says he does not like the 2019/2020 National Budget because the government is not reducing taxes. $54.4 million allocated to the Judiciary. Sayed-Khaiyum says this is based on increase in civil service salaries over the past years. 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. 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. 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. The Minister for Economy says Fiji aims to recover it’s oceans and will issue Blue Bonds and build a Blue Fiji. He says the reductions have happened as some of the re-build programs have been completed. 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. The Nadi River Flood Alleviation Project will start next year. Sayed-Khaiyum says $500 million was thrown down the drain through reckless spending and through the collapse of the NBF under the Rabuka government. 2 3. The $3.67billion Budget outlined a list of tax reforms, the biggest tax reforms announced ever in Fiji. Sayed-Khaiyum says this government has had 10 years of resilient economic growth. Minister for Economy, Aiyaz Sayed-Khaiyum made this announcement while delivering the 2020/2021 National Budget last night. 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. .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. Zero percent duty has been announced for new trucks. The Ministry’s capital expenditures has decreased following the completion of cyclone related rehabilitation. The Young Entrepreneurship Program or the YES Program will continue. “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.”. Fiji's Opposition Leader Sitiveni Rabuka says the government has manipulated the numbers in its Covid-19 response Budget unveiled on Thursday. 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. This is to encourage the consumption of local chickens. There is a delay in the announcement of the COVID-19 response budget. Naboro will be made a tax free zone for the set up of waste management companies. However, Seeto says they were hoping for the ECAL rate to be dropped. 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. The Minister for Economy says they will now restrict travel to subsidised students under the free bus fare scheme. He says Health is a continuously changing sector and new initiatives will be undertaken as necessary. July 18, 2020 6:40 am. The government has announced tax deduction for certain business arenas in Fiji as the country strives to new economic recovery activities. The Free Milk for Year 1 students will now only be for students in rural and maritime regions. Sayed-Khaiyum says government will have to resort to borrowing. The Government will announce a mini budget on March 26, says Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum. Sayed-Khaiyum says this budget paves the way towards greater triumph. $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. 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. 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. New centralised bus stands planned in Nakasi and Nasinu. $250,000 allocated to build mini markets. 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. $180,000 allocated to fund Fiji's 50th Independence Day celebrations next year. The Import Duty on new non-hybrid vehicles that are less than 1000cc will increase from 5 percent to 15 percent. The Minister adds some of the capital projects have finished. 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 program will be monitored in the rural and maritime areas. 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. Transport Minister Jone Usamate says it is good that people will now use e-transport cards for mini buses from next year. Government spending will stand at around $3.67b, while revenue is projected at around $1.6b. PO Box 334, Suva, Fiji. First Home Buyers Assistance will continue. 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. The projected expenditure is expected at 3.84 billion dollars. 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. $300,000 has been allocated to build resilient informal settlements. THE Fijian Government has shut down two of its foreign missions in Brazil and Ethiopia. This seawall is stronger than the … Members of parliament are seen heading into parliament for the 2020-2021 Fijian National Budget announcement. Sayed-Khaiyum says they found that the free milk initiative and the bus fare subsidy for students was being abused and they have strengthened it. Mr Sayed-Khaiyum said this was in response to the COVID-19 coronavirus pandemic. 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. 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