25 Nov 2011

Fiji's military regime to deliver 2012 budget with increased spending signalled

9:02 am on 25 November 2011

Fiji's military regime will today deliver its 2012 budget, with the interim Prime Minister, Commodore Frank Bainimarama signalling an increase in spending.

A number of ministries and departments say they have requested increases in their budget.

Megan Whelan reports.

"The Fiji Broadcasting Coporation reports the 2011 budget had a deficit of more than a hundred million US dollars, but Commodore Bainimarama, who is also the finance minister, has told the station to an increase in the 2012 budget. The Fiji Commerce and Employers Federation is looking for incentives for investment, especially in the mining sector. Its Chief Executive, Nesbitt Hazelman, says local businesses want the same incentives extended to foreign investors. He says the plan to sell off state owned enterprises is a sound strategic move. And Fiji Village reports the Wages Council hopes to see a decent increase in wages for workers in the upcoming year. The council chairman, Father Kevin Barr says wages are stagnant while the cost of living and inflation continue to rise."