Budget

40% of government expenditure dedicated to capital projects

Prime Minister Voreqe Bainimarama during the budget debate in parliament this morning revealed that a total of forty percent of government expenditure has been dedicated to capital projects.  PM Bainimarama said this was a testament of the Fijian Government’s consistency compared to previous governments prior to 2006 that had used 80 percent of its expenditures on […]

Salote Qalubau

July 4, 2016 1:14 pm

Prime Minister Voreqe Bainimarama during the budget debate in parliament this morning revealed that a total of forty percent of government expenditure has been dedicated to capital projects. 

pm-voreqe-bainimarama-outside-parliament
Prime Minister Hon. Voreqe Bainimarama outside the Parliament complex. (Peni Shute/Newswire)

PM Bainimarama said this was a testament of the Fijian Government’s consistency compared to previous governments prior to 2006 that had used 80 percent of its expenditures on operational costs alone.

BAINIMARAMA: “Consistency builds confidence and confidence builds investment and encourages people to create businesses. Madam Speaker we have spent 40 percent of the budget on capital works and this has been a consistent practice of this Government. Before 2006 Madam Speaker 85 percent of the budget covered operating costs.”

The Prime Minister said the eighty-five percent spent prior to 2006 was spent on nothing much.

BAINIMARAMA: “85 percent of the budget (prior to 2006) was spent on nothing much, nothing to show for in the fiscal year, there was also no tangible program to maintain state assets.”

PM Bainimarama said his goal was to end poverty in Fiji.

BAINIMARAMA: “My goal Madam Speaker is to end poverty in Fiji, we are building for the future, we are building to connect the people and of course this is one of the reasons our debt management has now been hailed by international agencies Madam Speaker…”

The Prime Minister added that the Fijian Government had demonstrated its unwavering support for the sugarcane industry in the 2016-2017 budget.

What do you think? Leave a comment below.