Supplementary Budget 2020
March 19, 2020 11:23 am
COVID-19 Response Budget passed
The COVID-19 Response Budget has been passed in parliament.
The one billion dollar supplementary budget was passed by acclamation instead of the usual electronic votes by individual members of the house. Click here for more.
Last night, we announced our #COVID19 Response Budget — including a $1 billion economic stimulus package to support Fijian businesses, the workers they employ and the families they support.
Let’s, for once, cast petty partisanship aside, come together, and pass this budget.
— Aiyaz Sayed-Khaiyum (@FijiAG) March 26, 2020
$1b COVID-19 package announced
The Government has announced a $1billion COVID-19 stimulus package.
Economy Minister Aiyaz Sayed-Khaiyum says this is an agreement with the Fiji National Provident Fund and their financial sector partners. Click here for more.
No pay cuts for civil servants as MPs take 20 percent pay cut
The Government will not implement pay cuts for civil servants says Minister for Economy, Aiyaz Sayed-Khaiyum but instead, it will be Members of Parliament who will have their pay decreased by 20 percent. Click here for more.
Police get $700k top-up
The Fiji Police Force has been commended by the government for its work in keeping Fijians safe during the COVID-19 crisis. Click here for more
Government and EFL agree to pay bills for subsidized customers
Energy Fiji Limited and the government have agreed to cover 100% electricity costs for the first 100 units for all its subsidize customers. Click here for more.
$40m top-up for health ministry
Government has announced a $40 million budget for the Health Ministry in the fight against COVID-19.
This is on top of the $347.5m that is in play for the current financial year. Click here for more.
Employee FNPF contributions to be reduced by 3%
All employees in the country will have a 3% reduction in their Fiji National Provident Fund contributions from the 1st of April. Click here for more.
COVID-19 leave for low-income earners who test positive
The government will pay a 21-day COVID-19 leave for low-income Fijians who test positive for the disease. Click here for more.
Additional $5m to assist SME’s
An additional $5m will be added to the small, medium enterprises credit guarantee scheme.
Minister for Economy, Aiyaz Sayed-Khaiyum announced that under this scheme if any of these businesses with an outstanding guaranteed loan fail, the government has more resources to cover 50 percent of the outstanding loans. Click here for more.
Tax deduction for landlords who will reduce rents for their tenants
The Government will help commercial landlords who will reduce the rent to fit our current landscape.
Economy Minister Aiyaz Sayed-Khaiyum says landlords who will reduce rent for their tenants will be allowed a tax deduction to cover any deduction made to existing rent contracts. Click here for more.
Industries will collapse if COVID-19 isn’t stopped
Entire industries in Fiji will collapse if the government fails to stop a wide-spread outbreak of COVID-19. Click here for more.
COVID-19 is worse than Winston for Fijian economy
Minister for Economy Aiyaz Sayed-Khaiyum says the economic effects of COVID-19 will be worse than any depression of our time. Click here for more.
The Supplementary budget will be tabled in Parliament tonight.
Economy Minister Aiyaz Sayed-Khaiyum had said the Supplementary budget is necessary to minimize the brunt of COVID-19 and its impact in Fiji. Click here for more
Last Thursday, Fiji saw our first case of the novel coronavirus.
Today, one week later, we’re introducing a #COVID19Budget Response to offer relief to Fijian families, bolster businesses, protect workers, and fund life-saving containment efforts.
We haven’t a moment to spare.
— Aiyaz Sayed-Khaiyum (@FijiAG) March 25, 2020
Economy Minister Aiyaz Sayed-Khaiyum
Supplementary Budget to be announced on 26th March
Supplementary Budget to respond to COVID-19 outbreak
A COVID-19 Response Budget will be tabled in parliament on the 26th of March.
Economy Minister Aiyaz Sayed-Khaiyum says the Supplementary budget is necessary to minimise the brunt of COVID-19 which is crippling the world market. Click here for more.
Economy Minister Aiyaz Sayed-Khaiyum