FIJI NEWS
November 22, 2012 12:00:00 AM
  Follow @ Twitter

Fijiís 2013 budget will be announced at 3pm today by Prime Minister Commodore Voreqe Bainimarama.

There have been no indication on the mechanics of the budget from Bainimarama and his committee, but in an interview with FijiLive Tuesday, he hinted at a satisfactory budget.

He said members of the public will be satisfied when they see that their tax contributions are well-spent.

Panelists for the 2013 budget include the Attorney General, Aiyaz Sayed-Khaiyum, Permanent Secretary for Social Welfare Govind Sami, Fiji Hotel Association president Dixon Seeto, Fiji Sports Council chair Peter Mazey, Permanent Secretary for finance Filimone Waqabaca, Governor Reserve Bank Barry Whiteside, Fiji Revenue and Customs chief executive Jitoko Tikolevu, Commerce Commission chair Dr Mahendra Reddy, Minister for health Dr Neil Sharma and Flour Mills of Fiji chief executive Ram Bajekal.

In the 2012 budget, the Govt forecasted a deficit of 1.9 per cent of GDP for the year with the most significant feature being the very large tax cuts provided to individuals and corporations aimed to stimulate economic activity and paid for by indirect taxes.

Reforms for the public sector, pensioners and the sugar industry were announced as well as changes to the personal income tax system.

The ministry of education was given the biggest slice of the 2012 budget with an allocation of $257m.

By Mereani Gonedua

Live Blog


YOU'RE MINE


PREVIOUS STORY
Pension reform a success: Taito
NEXT STORY
Expect more heavy rain: Weatherman

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Should all voter education materials be sanctioned?
 Yes
 No


Poll Results: Current | Previous

Should all voter education materials be sanctioned?
Yes
 81%
No
 19%



More Polls
Press Esc to close this window
BUSINESS
Sigatoka resort to close for renovationYatule Beach Resort along the Coral Coast will be closed from next week for renovations as its management seeks to increase the resort's profitability.
SPORTS
2800+ athletes confirmed for GamesMore than 2800 athletes will be part of this year's Coca Cola Games which by far is the biggest in the history of the secondary schools athletics finals.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
ENTERTAINMENT
Iggy Azaleaís debut album out April 25Australian rap siren Iggy Azaleaís debut album, The New Classic, featuring Change Your Life, Work and new top 10 single Fancy as well as collaborations with Charli XCX, Rita Ora and TI, is out on April 25.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS