Obviously your expenditure needs to come down too. The Government subsidizes the remaining 48%. He says this initiative will greatly help smaller clubs who now can get sponsorship. She says 54 percent of the work is completed. Budget Speech. Sayed-Khaiyum says the Department of Social Welfare administers Fiji’s basket of social welfare programmes, which include the Poverty Benefit Scheme, the Child Protection Allowance, the Food Voucher Program, the Social Pension Scheme and the Bus Fare Subsidy for the elderly and people living with disabilities. He adds while it is perfectly understandable that collective Cabinet responsibility requires every Minister to agree with Government policies, growers want to know whether Prime Minister Voreqe Bainimarama who is also the Minister for Sugar agreed to drastically cut the guaranteed price despite repeated assurances by him on the issue at every sugar industry-related event to maintain the guaranteed price for three years. He says this survey adds to the findings of their consultations and will allow for informed responses to the pandemic, for the benefit of Fijians. In the 2017 Census, it was stated that 28% of Fiji's population lived below the poverty line. Minister for Economy, Aiyaz Sayed-Khaiyum says Fiji Airways will work with different operators and they will have to give at least 45% discount before the duty reduction. Minister for Local Government Premila Kumar has assured the community of Wakanisila that they are close to finalising the details for the development of their community under the informal settlements initiative. Meanwhile Sayed-Khaiyum has also announced that residential rent is also VAT exempt. Kumar says the building which includes the changing room and the toilet facility is yet to be completed while only two percent of the works in the swimming pool is left. He said he wanted to hear from the people on their ideas of moving forward, considering the challenges they encountered. Sayed-Khaiyum says 223 intern nurses will be made full time, 40 midwives will be hired and 105 full time medical officers will be advanced. 2020-21 National Budget: Fiji’s Road To Recovery. Sayed-Khaiyum says this step will not be taken by RBF. Lal further says this is happening in the case of those on super salaries adding when we are taking a gamble with such a bold budget, we need to utilize every measure, whatever the degree of its impact may be, to achieve the intended outcomes. Omundson says they are pretty ambitious targets and they were always ambitious to achieve but they will continue to deliver those services to wherever and whenever they can. FIA President Nitesh Lal says this is such a courageous budget. This was on top of the 349.8 million dollars allocated to the health sector in the 2019/2020 financial year. According to the 2020/2021 National Budget Estimates, the Fiji Sports Commission has been allocated $970,465 with $1 million allocated for overseas sports tournaments. Sayed-Khaiyum says they are offering a deal for the construction of new private hospitals and medical service centres. The 2020/2021 National Budget address will be delivered by the Minister for Economy, Aiyaz Sayed-Khaiyum at 7.30pm this Friday. For the reduced ECAL, the turnover threshold is now $ 3 million annually. He adds that they feel that was a mistake by government. $7 million has been allocated for the construction of the new Prime Minister’s Office. Budget 2020 has also been released on the Budget website: https://budget.govt.nz. The Minister for Local Government Premila Kumar has confirmed that they have not made any new submissions for capital projects in the 2020-2021 National Budget, but they have requested for funds to continue with the First Home Buyers Grant, First Land Purchases Grant and Social Housing Grant. Mazey says 26 sporting bodies have handed in their submission for grants and as of this year, all the sporting bodies who requested for funding have received it. The NFP Leader says the government’s expectation that this reduction would raise consumption demand and increase VAT revenue may be misplaced and unrealistic. Tropical Cyclone Yasa Lifted House With Man Inside, Tragic Nadi Accident Lands Seven In Hospital, HMAS Adelaide On Way Here As Part of Australia's $4.5m Humanitarian Mission, HMAS Adelaide On Way Here As Part of Australia’s $4.5m Humanitarian Mission, 7,000 Ration Packs Ready For Eastern Division, Man Charged With Attempt To Kill His Mother Granted Bail, Best Christmas Gift For 30K Tattslotto Winner And Sick Mum, Bus Checker Turned Corrections Recruit- My Success Journey, Volotu’s Family To Hold His Memorial On Christmas. Dr. Reddy says as we are now living in extraordinary times, they are planning to re-look at their strategies on how they can work smartly to achieve the same objectives in the next financial year. Sayed-Khaiyum says it is important they target resources on families facing the most severe hit to their finances rather than more broadly-focussed assistance payments. Minister for Agriculture and Waterways, Dr. Mahendra Reddy says he has been fully briefed by the Minister for Economy on the status of Fiji’s economy and they know how the 2020/2021 National Budget will pen out. [image: Fijian Govt], Attorney General, Aiyaz Sayed-Khaiyum. He also says given the expenditure limits, it is understandable that government measures have focused on sectors that have greater potential to expand immediately. Lockington says it’s great that the tourism industry is being recognised that it uses local entertainers and now they can get some incentive. The accountants also say there are great incentives for first home buyers and Fijians can directly benefit from the reduction in duties for white goods, motor vehicles and many other items. He says in normal economic times, reduction in duty on such a large range of imported goods would have led to an increase in consumption. The 2020 National Budget marks the transition from austerity to a growth stimulation and employment generation era. Fijian Competition and Consumer Commission CEO, Joel Abraham says they have already started work to ensure that duty and tax reductions announced in the 2020/2021 National Budget are passed down to the consumers. Kumar says the ministries’ budget is expected to decrease depending on what the focus of the budget would be. Shandil says they know that policies have to be implemented that will benefit the whole economy. He says these downgrades reflected new data being made available to the technical staff including production data from various sectors, revised forecast provided by stakeholders and RBF’s June 2019 Business Expectations and Retail Sales Surveys. Karan says he thinks the Economy Minister did not have time to explain in detail the methodology of the payments in his budget speech. He says this should not just include people who are on minimum wage level but also include workers from Fiji Airways and ATS as well. Budget News Release (February 18, 2020) The budget overview distributed to news media. President of Fiji Retailers Association, Vinay Kumar says the 2020/21 National Budget may be the biggest stimulus budget that we may have ever come across in modern history in Fiji. A feature of the Budget website is that it organises the Estimates documents by Minister , by vote , … “One of the key things is confidence and the confidence of people to interact with each other. He adds given the extremely difficult circumstances, it is commendable that the Minister for Economy and his team have been able to secure the financial resources including from external sources to deliver a stimulus budget. IFC Country Representative for Fiji, Samoa, Tonga, Kiribati and Tuvalu, Deva De Silva says the survey has provided a glimpse of the impact of the pandemic on Fijian businesses, this is critical to the Fijian government and its partners in formulating a strategic response to the impacts of COVID-19. Consumer Council CEO, Seema Shandil says they expect some of the incentives announced in the COVID-19 Response Budget to assist the consumers to continue, to promote small and medium businesses to create employment, boost consumer spending and to focus on consumption of Fiji made products. Shandil says the focus will definitely be on economic recovery to cushion the blow from COVID-19 - support businesses, workers, families and communities hit hard by COVID-19. Minister for Economy, Aiyaz Sayed-Khaiyum says the government has given approval for a private jet to come in with a group of 30 high net worth individuals from a well-known company. Ali says foreign reserves currently stand at $2.1 billion and it is expected to be $2.2 billion as government will be drawing down almost $100 million early next month. The Ministry of Women, Children and Poverty Alleviation has been allocated $159.0 million in the 2020-2021 National Budget. He says at $15 a tonne less, growers are being short changed by as much as $28 million based on the forecast of 1.8 million tonnes of cane for the 2020 season. He says the 2019 growth rate was revised downwards due to availability of actual data and information for the year that was collated and analysed by the Macroeconomic Committee in March and April of this year. Ali says ECAL is an additional burden for businesses as we go through these extraordinary times. In a statement, Party Leader Mahendra Chaudhry claims this is unacceptable considering FBC has not tabled its annual report and audited accounts since 2017. As we await the National Budget announcement tomorrow night, Chauhan says this is the time to look at incentives to grow other sectors as we cannot heavily rely on tourism. As of 1st April this year, EFL subsidizes 52% of the first 100 units of electricity usage per month for all registered domestic subsidy customers whose annual household income is $30,000 or less. New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday announced a Rs 5,029 crore outlay for the Minority Affairs Ministry in the 2020-2021 fiscal, an increase of Rs 329 crore from last year. 27-May-2020. He has announced that they will also continue supporting micro, small and medium enterprises through their highly-concessionary loan packages. He says the formal sector has been most affected and the people from the formal sector are getting into the informal sector. Viljoen says they have approached the government to see how they can help the airline. Sayed-Khaiyum says there will be no pay cuts for other civil servants. Prasad says at the same time the 32% duty on milk and butter have not been reduced. He made the comment after a question raised by businessman, Abdul Khan for the government to look at reducing duties on imported goods to spur construction activity. RBF Governor, Ariff Ali says he does not understand why Prasad is misleading the public as nowhere in the RBF statement it is claimed that the contraction in the economy in 2019 has been blamed on COVID-19. This is expected to be lower than the original budget by $1,058.2 million, a decline of 34.4 percent. Internships of doctors will be for 2 years. Lal says the budget has taken into account the interests of the wide range of stakeholders and sets the right strategies towards our road to recovery from the catastrophic effects of COVID-19. Some liquor outlets as well as supermarkets are now selling alcohol at really low prices and even providing specials to reflect the reductions in Excise Duty announced in the 2020-2021 National Budget. The government has also decided to abolish all stamp duties. When questioned by Legend FM News, FBC CEO Riyaz Sayed-Khaiyum says all external audit reports up to the financial year ending 31st December 2019 have been submitted to the Ministry of Economy and the Department of Public Enterprises. Welcome to the official page of the Fijian Government. Chaudhry adds the cost of renting office accommodation has risen exponentially under this government and a further increase of $8m is proposed in this Budget which takes the total annual cost from $27m to $35m. Meanwhile, Minister for Economy Aiyaz Sayed-Khaiyum had said on Friday that for two straight seasons they have paid cane growers $85 per tonne – a value far above the world market price adding that last season’s guaranteed price will be paid. The Institute says the government has announced that they will be borrowing at very concessional terms. Anthony says they would also like to see that the FNPF contributions by employers be restored to 10 percent from 5 percent at the soonest. Fijivillage has received information that the Fiji Rugby Union had submitted that they wanted $1.7 million to focus on the preparation for the Men’s and Women's 7s teams to the Olympic Games next year. 2019-2020 NATIONAL BUDGET ADDRESS Hon. Sayed-Khaiyum says as Fiji’s growing film and television industry is being safely resumed, with beloved shows like Survivor set to continue, their exemptions of exceptional economic value are also safely bringing back vital jobs and money into the country, with more expected to follow. He says this is helping us to bring the import bill down, and we should encourage more people to buy local to help the local businesses because that is what will keep the economy going and that will ensure that people are employed. Ali says the press release issued on 2nd July regarding the 2019 growth rate says that the provisional GDP growth estimate for 2019 has been revised from a marginal 0.5% growth to a 1.3%t contraction, in line with the synchronised global slowdown and weakness in domestic demand from the second half of last year. TELS technical college students’ entry age will also be increased from 15 years to 17 years. He says they cannot tax businesses like it’s a pre-COVID economy or act with false hope that we will return to one anytime soon. The Fiji Police Force has been allocated $200.6 million and this will see the modernization of Police Stations in Nakasi, Nalawa, Nadi and Lautoka while 257 officers will be promoted and the Force will recruit 137 new officers. 2020-2024 Budget - Ministerial Statement. It says this will create new employment opportunities and absorb workers that have been laid-off during the pandemic. There’s no restriction on age for vehicles to qualify for these exemptions, but all non-hybrid cars must meet Euro 4 Fuel standards. He adds that many sectors, especially the tourism sector have requested the Service Turnover Tax and the ECAL to be reconsidered. He is urging Fijians to make their submissions for the National Budget for which they have exactly 3 weeks. Last month saw a major inroad where it was revealed that imported produce like carrots and celery will now be planted in the 125 acres of Nubu farms and the 42 farmers who will be farming in this land will also grow traditional Fijian staples like duruka and dalo. The 2020/2021 National budget will be delivered by the Minister for Economy, Aiyaz Sayed-Khaiyum at 7.30pm next Friday. The CEO says WAF’s board has approved their new 5 year strategic plan that will see them focus on their existing plans and a long list of things that needs to be done and repaired. He says to brace for the “new normal” they have announced Fiji’s biggest-ever tax cut –– a discount of hundreds of millions of dollars, with strategic incentives across age-old industries as well as new arenas –– such as manufacturing and assembly –– which nations are looking to relocate to price competitive locales. 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. Meanwhile, the Minister for Economy Aiyaz Sayed-Khaiyum has said that those people who genuinely cannot afford to pay their water bills would have payments deferred rather than be disconnected until the 31st of March next year. The 2020/2021 National Budget will be announced on July 17th. Construction of the CWM Hospital Maternity Unit started in 2018. Minister for Economy Aiyaz Sayed-Khaiyum had announced in the 2019-2020 National Budget that to further support Fijian cane farmers, Government will provide a guaranteed price of $85 per tonne for the next two years, ensuring continued confidence and peace of mind in the industry. The Ministry of Sugar is allocated a total of $53.6 million in the 2020/21 National Budget. However he says going forward, the government plans to borrow more money offshore because if you have less tourists coming in, the foreign currency levels will go down. The reduction of 10 percent to 5 percent for employer FNPF contributions will continue. Meanwhile, 33,000 families have received the seed packages from the Agriculture Ministry’s Farming Response for Backyard Gardening Package. Meanwhile, Authority Chairman Bhavesh Kumar says the 2020-2021 National Budget is a positive and encouraging step forward for Fiji as the nation braces for the global economic effects caused by the COVID-19 pandemic. This will not apply to the legislature and judiciary as the other two independent arms of the state. He says a significant amount of incentives and opportunities are also available for investments in the construction sectors, medical and health services and sub-division projects. He further says as they had stated earlier, protecting businesses from insolvency remained the most sustainable way to saving jobs and maintaining household incomes and this budget has sought to do that. Customs duties have been reduced for over 1,600 items. The Ministry for Economy has said that keeping the economy afloat and supporting businesses and those that are unemployed is critical for immediate relief and long-term economic recovery. The A-G said Fiji Airways was talking to more than 30 hotels on developing tourist packages because there was competition from Bali, Phuket and Queensland. Kumar adds the removal of business licenses is the best news he has ever heard because there was no standardisation of business licenses. Ali adds that government will need to support businesses as without businesses there will be no economy. Minister for Economy, Aiyaz Sayed-Khaiyum confirms the unemployment benefits announced in the 2020/2021 National Budget will be for five weeks after an application is made and an assessment will be done after five weeks to ascertain what has happened to the person who is receiving the benefit. It is all going to change,” he said. The 2020/2021 National Budget address will be delivered by the Minister for Economy, Aiyaz Sayed-Khaiyum at 7.30pm tonight. 08/09/2020 www.economy.gov.fj. She says that the lead consultant and contractor has been terminated and the special administrators are now working on the new scope of work where the tender will be called to complete the rest of the works. Backyard farming at the same time, 40 midwives will be ready every day they reducing. The Institute says the government is currently $ 20 due to the input cost of goods: //budget.govt.nz rents... Lautoka Swimming pool project is nearing completion ceo Sunil Chaudhry says many farmers taken! 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