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'Prices up 60% since coup', NFP for 10% vat

 

May 11, 2014 04:44:04 PM

'Prices up 60% since coup', NFP for 10% vat National Federation Party (NFP) leader Biman Prasad says the party will reduce VAT to 10 per cent if they come into government because the "price of food items has increased by 60 per cent since the (2006) coup".

"In early 2007 if your shopping bill for food was $100 per week, it is now $160 for the same amount of food items”, Prasad told a pocket meeting in Navua this week.

He told 50 residents of Naitata settlement on Friday that the NFP intends to decrease tax to 10 per cent once in government.

“We will also review duties on food items and other essential goods," Prasad said.

"The price of food items has increased by 60 per cent since the coup. In early 2007 if your shopping bill for food was $100 per week, it is now $160 for the same amount of food items”, he said.

He describes as "warped logic" critics who claim that reducing VAT would decrease government revenue by more than $200 million.

Prasad said there are other ways of increasing government revenue, but not at the expense of the paying public who now have to pay more for goods and services.

“We want to put back that $200 million in the hands of our poor and the ordinary citizens of our country through reduction in VAT. What is wrong with this?," Prasad said.

“There are many other ways of recovering the revenue and these will be thoroughly outlined in our manifesto."

At the meeting, 2014 election aspiring candidate, Bimal Prasad who contested the 2006 elections under the NFP banner also addressed the residents on his  reasons for supporting the party.

Meanwhile, the party is still working on finalising other potential candidates as well as manifesto and is hopeful to have it ready next month.

FijiLive

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