Update: 10:38PM TO encourage more investment in other industries, apart from tourism and sugar, the Government has allocated $2.2million to Investment Fiji to facilitate these new business opportunities.
“Tropical Cyclone Winston was a wake up call that the whole economy cannot depend on one or two sectors,” said the Attorney-General and Finance Minister Aiyaz Sayed-Khaiyum during his 2016-2017 National Budget address.
“We cannot be depending on only one or two sectors.
“If Winston had come through its projected path of coming through Viti Levu it would have wiped out the whole economy.
“This is why we are a vulnerable economy.
“If we have one climatic event that can cripple the economy, it is therefore important for Government to ensure our economic base.
“This is why Government is increasing its allocation to Investment Fiji to $2.2million to encourage investments in new industries.”
