26 Nov 2007

Fiji's deposed leader doubts Budget will deliver the promised recovery

8:17 pm on 26 November 2007

Fiji's former Prime Minister, Laisenia Qarase, doubts the interim Government's latest budget will deliver on its promises.

Interim finance minister Mahendra Chaudhry announced the US 930-million dollar budget for 2008, which includes reductions in duty on basic food items, but increases on cigarettes and alcoholic drinks, and computers and mobile phones.

The deposed Prime Minister, Laisenia Qarase, says the interim government wants the budget to build a platform for recovery and sustained growth.

But he says it has had a year in power already and there's been no signs of economic recovery so far.

"Our Government is not an elected government so there is a lot of uncertainty the investor confidence is not there to stimulate the economy and there have been massive reductions in expenditures compared to the 2007 budget."

Laisenia Qarase.