Fiji budget likely to gain widespread approval | Pacific Beat

Fiji budget likely to gain widespread approval

Fiji budget likely to gain widespread approval

Updated 23 November 2012, 11:14 AEDT

Fiji's interim government has handed down its budget for 2013, which allows for an increase in the national deficit and a total expenditure of $2.3 billion.

That means the estimated net deficit for 2013 will be $218 million dollars, that's 2.8 per cent of Fiji's Gross Domestic Product and a big increase on the current deficit of 1.9 per cent.

The Income Tax Threshold has been increased from $15,600 to $16,000 for next year.

Professor Wadan Narsey, former head of Economics at the University of the South Pacific, says the budget will have widespread support.

Presenter: Geraldine Coutts

Speaker:  Wadan Narsey, former head of Economics at the University of the South Pacific

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