28 Aug 2013

Fiji's Ministry of Finance unveils 2014 budget strategy

10:24 am on 28 August 2013

The Fiji Ministry of Finance has announced its 2014 Budget Strategy will prioritise its polices on reducing fiscal deficits, maintaining capital budget at 32 percent of Gross Domestic Product, and improving revenue compliance and economic activity.

The acting deputy secretary of the Ministry, Sinate Muelaulau, presented the strategy to delegates at the Annual Donor and Development Partners Forum.

Ms Muelaulau says for revenue polices, the budget strategy is set to assist private sector investments, support export development in resource-based sectors and to add value to industries such as forestry.

She says preparations for the budget strategy will focus on raising economic growth within sustainable fiscal parameters, promoting growth friendly policies in areas of taxation and expenditure and a gradual reduction in deficits.