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Fiji Votes: Rabuka Versus Facts

Fiji Votes: Rabuka Versus Facts
SODELPA Leader, Sitiveni Rabuka.
November 06
17:36 2018

1. SODELPA leader Sitiveni Rabuka lied that under his SVT Government, the average growth rate was 4.3 per cent. It was only 2.3 per cent.

2.“Mr Rabuka lied about the highest growth rate of 8.4 per cent in 1998. The actual growth rate for 1998 was 1.3 per cent.

3. He talks about Government debt rising to 50.4 per cent. This is not correct. Debt is actually 47 per cent and if we exclude the expenditures associated with TCW, it would be around 42 per cent.

4. Mr Rabuka talks about Contigent liabilities. All Fijian Governments including SVT and SDL provided guarantees to statutory corporations. However, it was under Rabuka that we lost NBF that tax payers have paid almost 1/2 billion dollars..

5. Mr Rabuka talks about debt doubling in the past 12 years. Rabuka is misleading people that $1m debt in 1970 or 1987 is the same as $1 million in 2018. The debt at the end of 2006 in today’s value is almost $8 billion dollars and hence 3 times more than what we have taken in the past 12 years.

6. Under Mr Rabuka, the income tax threshold was less than $5000. We have increased to $30,000.

7. Under Mr Rabuka, total FNPF contribution was 14 per cent but only 12 per cent went to workers account as the balance of 2 per cent went to pension buffer fund. The FFP has raised FNPF contribution to 18 per cent. That is 50 per cent more.

8. It was Mr Rabuka’s actions in 1987 that led to two devaluations amounting to around 33 per cent and another 20 per cent when he was PM in 1998. This means, Mr Rabuka caused the Fiji dollar to lose more than half its value and we are paying the high price of it till today.
9. Only under Prime Minister Bainimarama has Fiji recorded nine consecutive years of economic growth despite the highest number of natural disasters and difficult global economic conditions with record commodity prices and Global Financial Crisis.

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Waisale Serevi
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November 2018
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