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2019/2020 National Budget: Grant for first time home buyers to continue

GOVERNMENT’S first home buyers grant will continue next year. Attorney General and Minister for Economy Aiyaz Sayed Khaiyum said last night the existing interest rate subsidy of 1 per cent for first home buyers and land buyers will also remain in place. Delivering the 2019/2020 Budget, he said the Reserve Bank of Fiji has also...

2019/2020 National Budget: FCCC to begin as self-funding entity

THE Fijian Consumer and Competition Commission will no longer come under the Ministry of Industry, Trade and Tourism. Attorney General and Economy Minister Aiyaz Sayed-Khaiyum said FCCC would also begin operations as a self-funding entity by charging fees to industries and organisations who hire their services. “The financial independence on FCCC is a critical big...

2019/2020 National Budget: $54.4m allocated to Fiji’s judiciary

THE 2019/2020 Budget has allocated $54.4 million to Fiji’s judiciary. Attorney General and Economy Minister Aiyaz Sayed-Khaiyum said aside from operational costs, the funds would cover the completion of refurbishment works at the Nasinu Court Complex. “We will continue to increase the number of judges and magistrates serving the judiciary,” Mr Sayed-Khaiyum said. “The judiciary...

2019/2020 National Budget: Restrictions on student bus cards

SUBSIDISED bus cards for school children were being abused by both parent and student – and as a result, Government will restrict the use of the card to 4.30pm, says Minister for Economy Aiyaz Sayed-Khaiyum. While delivering the 2019/2020 National Budget, he said Government had to restrict some of the assistance after they found loopholes...

2019/2020 National Budget: Internal audit committee to oversee audits

GOVERNMENT is enhancing the accountability of internal audit function within government through the establishment of an internal audit committee to oversee audits, says Attorney General and Economy Minister Aiyaz Sayed Khaiyum. And, he said, where necessary, permanent secretaries have been empowered to initiate prosecution to combat abuse of taxpayers’ funds. In his 2019/2020 Budget address...

2019/2020 National Budget: Debt stock to hit close to $6bn

FIJI’s debt stock will hit close to $6billion by July next year. This according to the Economic and Fiscal Update supplement to the 2019-2020 Budget Address. While delivering the 2019-2020 national budget in Parliament tonight, Fiji’s Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum said the budget total for 2019-2020 is $3.491billion. He said a...

2019/2020 National Budget: Government to reform State and public enterprise

GOVERNMENT is reforming State and public enterprise to make them more customer-oriented, profitable and efficient,  Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum said while delivering the 2019/2020 Budget address last night. “Just last week, we announced the reform of our secure transaction framework and the launch of the personal property security registry which makes...

2019/2020 National Budget: Expect cheaper imported children’s clothing

IMPORTED children’s clothing will become cheaper following an announcement by Attorney General Aiyaz Sayed-Khaiyum that duty will be reduced from 32 to five per cent. “This will help to fill the retailers’ shelves with more affordable garments to the benefit of business owners and parents alike,” Mr Sayed-Khaiyum said. “And the duty on batteries and...

2019/2020 National Budget: 10 per cent import duty on frozen chickens

IN a bid to increase business for local poultry producers, Government has imposed a 10 per cent duty on all imported frozen chickens. Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum made the announcement during the 2019-2020 national budget address in Parliament tonight. “To further stimulate Fiji’s domestic growing poultry industry, we are imposing a...

2019/2020 National Budget: $800m allocation for Education ministry

THE Education Ministry has been allocated more than $800million for the 2019/2020 financial year. Minister for Economy Aiyaz Sayed-Khaiyum said this was to ensure that Government’s various programs under the ministry continued. “Over $800million will go towards the education sector continuing our landmark policy of free education, free textbooks and subsidised transportation to schools,” Mr...

2019/2020 National Budget: Tax rebate for movie productions in Fiji

TAX rebate for movie productions will be increased from 47 to 75 per cent. This was the revelation by Fiji’s Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum while delivering the 2019-2020 national budget in Parliament tonight. However, he said for film production companies to receive the incentive, they would have to spend all the...

2019/2020 National Budget: $70.4m allocated for Fiji’s sugar industry

FIJI’S Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum announced a $70.4million allocation for the sugar industry in the 2019-2020 national budget, which includes a $30m sugar stabilisation fund. While delivering the budget in Parliament tonight, he also said an additional $5.9m has been allocated for the purchase of cane trucks and a duty reduction...

2019/2020 National Budget: Police officers to be trained for world-class care

THE 2019/2020 Budget sets out a series of critical measures to ensure Fiji’s police officers are properly trained and equipped to carry out world-class care, says Attorney General and Economy Minister Aiyaz Sayed-Khaiyum. “We are continuing with our five-year restructure of the Fiji Police Force, regularising another 995 special constables to give them proper training...

2019/2020 National Budget: Chance for young graduates to work in Government

YOUNG graduates will be given a chance to work in Government departments in a new cadet program. While delivering the 2019/2020 National Budget Address this evening, Economy Minister Aiyaz Sayed-Khaiyum said the cadetship program will open a new door of opportunity for graduates looking to find a new career. “We also are introducing a new...

2019/2020 National Budget: Incentive for corporate sporting sponsors

CORPORATE bodies in Fiji intending to sponsor sporting teams have been given a better chance with the lowering of the 150 per cent tax threshold. While delivering the 2019/2020 National Budget Address this evening, Economy Minister and Attorney General Aiyaz Sayed-Khaiyum said this was to ensure that more private companies come forward to sponsor sporting...

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