FIJI NEWS
November 08, 2013 09:59:34 AM
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Fiji’s Prime Minister and Finance Minister Commodore Voreqe Bainimarama is currently delivering the 2014 National Budget address in Suva.

As earlier predicted, Education has received the highest allocation - The education sector received $541.5m which is 19% of the total budget.

Live Blog


 12:27

Minimum age for persons who can buy tobacco will be increased from 17 to 18 years.

 12:25

- Fiscal duty on adult diapers will be reduced to 0%
- Excise duty on tobacco and alcohol will be increased by 10%

 12:24

- Airport departure tax will be increased from $150 to $200. This includes $10 environment levy.
- Duty on food supplements will be reduced from 32% to 0%
- Fiscal duty on all agricultural equipment will be reduced to 0%

 12:20

Tavua-Korovou corridor will be declared a tax free zone for all commercial activities

 12:19

All businesses that apply to be listed under the SPSE will pay a reduced corporate tax rate of 10%. The previous tax rate was 18.5%

 12:16

Payrise announced for all civil servants:
- 23% pay rise for those earning less than $15,400
- 18% pay rise for those earning between $15,400-$20,600
- 12% pay rise for those earning between $20,600-$26,700
- 10% pay rise for those earning between $26,700-$34,200
- 8% pay rise for those earning between $34,200-$46,200
- 10% pay rise for special police constables
- A total of $92m for the increase in pay of civil servants

 12:07

- $20.1m allocation to government's ITC department.
- $250,000 for Government's Data Centre
- $600,000 for government service centres

 12:05

$1.5m allocated for the set up of the Pacific Islands Development Forum in Suva.

 12:03

- $39.9m allocated to peacekeeping duties.
- $1m is provided to the Fiji Voluntary Scheme

 12:02

National Sports Commission receives $1m

 12:01

$2.5m allocated for two new fire stations in Korovou and Korolevu

 11:56

- $2m allocated to include overseas coaches to enhance Fiji athletes and sporting federations.
- $200,000 for sports scholarships
- $2m provided for rural integrated sporting facilities

 11:53

- 25 additional positions in Fisheries department
- $296,000 allocated for MSG trade show
- $460,000 for the appointment of Fiji's new trade commissioner to boost trade in MSG
- $1m allocated for heritage and cultural development

 11:50

- 1m allocated to dairy development programme
- $3.3m capital grant to Bio-Security Authority of Fiji

 11:49

Duty rate of 5% removed from all agricultural machinery.

 11:48

- $8.4m for sugar development programme.
- $2m allocated for upgrading of cane access roads
- $1m subsidy provided to non sugar farmers.

 11:47

$3.6m allocated  for PGA tournament in Fiji next year.

 11:46

Tourism Fiji will once again receive $23.5m

 11:45

- $854,000 allocated to modernise markets around the country.
- $210,000 grant for Levuka Town Council
- $1.5m for streetlights and foot-path development in Suva-Nausori corridor
- $600,000 allocated for development of roads in Kadavu.

 11:37

- $8.6m allocated to FICAC
- $300,000 allocated to Media Industry Development Authority (MIDA)

 11:34

$4.4m allocation to Legal Aid Commission

 11:33

Extra 34 positions to be created in Immigration Department

 11:31

- $111.7m for Fiji Police, an increase of $19.5m
- $2.3m for renovation of police stations
- $200,000 for Yellow Ribbon Project

 11:30

$250,000 to 18 labour officers to conduct minimum wage rate survey.

 11:29

$2.5m allocated for back-dated payments for women in civil service.

 11:28

- $22m for social welfare schemes
- $3m allocated for social pension to those over 70 years.
- $4.5m for children and pregnant mothers

 11:23

- $9m for new two vessels to service maritime areas.
- $7m for a new craft to carry cargo and passengers to martitime areas.

 11:18

$454.7m allocated to Fiji Roads Authority for road works.

 11:14

 $10m for rural electrification programme.

 11:12

- Allocation to Water Authority in 2014 will be $129.6m, which is an increase of $32m from 2013.
- $8m allocated for waste water management projects
- $80,000 allocated for purchase of water tanks for primary schools.
- $4m set aside for rural water supply and sanitation.
- $2.6m for drilling water wells in rural communities.

 11:06

- $1m allocated for social housing policy.
- $10m allocated for a new housing project to benefit married couples.
- $5m allocated for various squatter projects in 2014.
- $510,000 for upgrading of squatter settlements in urban areas.
- $1m for upgrading of i-Taukei land around the country.
- $1.5m will provided to Public Rental Board for the construction of flats in Kalabu.

 11:02

- $4.9m has been allocated for extension and refurbishment of operation theatres at the CWMH
- $3m has been allocated to improve maternity services
- $2m set aside for a new hospital in Nausori
- $3m allocated for urban hospitals
- $12m allocated for labs and medication

 10:59

$500,000 allocated for agricultural scholarships

 10:58

An allocation of $20m has been set aside for the bus fare scheme for students

 10:57

4 new secondary schools will be built in 2014

 10:56

Race based scholarships will be removed in 2014

 10:55

Tertiary Institution Loan Scheme announced. $30m has been allocated for about 600 tertiary education scholarships.

 10:48

- The education sector gets $541.5m which is 19% of the total budget
- Education as expected takes the largest share of the budget

 10:47

$15 million has been allocated for elections in 2014

 10:46

A new HFC operated commercial bank will enter the market in 2014

 10:45

Government reforms will continue in 2014

 10:44

Inflation to fall by 3% by year end

 10:40

Government revenue for 2014 is projected to be $2.7bn while Government expenditure is projected at $2.8bn

 10:39

With the vision for a smarter Fiji, the government will invest immensely in education, health and poverty alleviation areas.

 10:38

Fiji's economy is projected to grow by 3.6% in 2013 ahead of the average global growth rate of 2.9%

 10:25

Fiji's 2014 National Budget will be announced shortly by the Prime Minister and the Minister of Finance, Commodore Voreqe Bainimarama.

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