Fiji’s new budget: significant fiscal challenges

The task that the Fiji government has faced since the onset of the COVID-19 crisis has been challenging, involving difficult choices and adjustments. Despite rising case numbers and deaths, there is an obvious tension

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No progress on Fiji bubble until COVID is controlled: Australia

Australia’s Minister for International Development and the Pacific says Australia will want to see COVID cases under control in Fiji before any commitment can be made on a travel bubble. When Fiji’s Minister for

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Fiji, the World Bank and debt

When Fiji’s Minister for Economy delivers his budget address this evening many eyes will be on figures around the country’s debt-to GDP ratios. This week, Pacific Islands Forum Economic Ministers were preoccupied

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Cook Islands passes budget

Cook Islands parliament has passed what Prime Minister Mark Brown has dubbed “a budget of revival.” The US$212 million budget includes an additional US7.7 million allocation for government agencies than was

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Aust gives another F$42.5 million to Fiji for budget support

Australia has supplied Fiji with direct budget support, vaccines, rations for front liners, funds for NGO emergency food distribution, medical supplies including thermal guns and other forms of support in responding to

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Worry for PNG business leaders

At a brief sitting of Papua New Guinea’s parliament in November – with all Opposition MPs absent – the James Marape government passed its 2021 Budget, before abruptly adjourning until next April. Treasurer Ian

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Australia boosts Pacific aid allocation

The Australian Federal Budget delivered last night has increased aid to the Pacific. An extra A$211 million has been allocated to COVID-19 response in the form of grants, agreed in negotiations with recipient countries,

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Fiji budget ‘lacks compassion’ says NGOs

As the 2020-21 Fiji Budget debate has commenced in parliament, a number of community organisations have expressed their concern about what they describe as the lack of compassion in the Budget. “It’s not only

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Fiji Budget wrap

Fiji’s 2020-21 National Budget will see the Government attempt to spend its way out of the COVID-19 induced recession. “Barring drastic intervention, our economy may never fully recover; not this year, not next

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Fiji budget preview: expansionary budget anticipated to stimulate spending

Fiji’s Minister for Economy will deliver the government’s 2020-21 budget today, just 4 months after an emergency F$1 billion ‘Covid mini-budget’. It comes as the Reserve Bank of Fiji has projected a contraction

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20% suspended pay for Fiji cabinet, MPs

Suspending 20 per cent of pay for government ministers as well as all members of the Fijian Parliament formed a key part of Fiji’s COVID 19 response budget handed down in a special sitting that ended a short time ago.

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PNG spending cutback

PNG spending cutback STRUGGLING with cash flow problems and high debt burden, the Papua New Guinea government through its 2018 budget has announced new fiscal strategy to stabilise debts and recover from revenue

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