SUNBIZ

Interesting, Innovative And Creative Issues Obtained From Budget Forum

The Minister for Finance, Aiyaz Sayed-Khaiyum, said he found some of the submissions made during the one-day Special Budget Forum held on Saturday to be interesting, very creative and innovative.
06 Oct 2014 09:46
Interesting, Innovative And Creative Issues Obtained From Budget Forum

The Minister for Finance, Aiyaz Sayed-Khaiyum, said he found some of the submissions made during the one-day Special Budget Forum held on Saturday to be interesting, very creative and innovative.

He said whilst some issues raised were generally known, there were some that would obviously be very useful for the formulation of the 2015 National Budget.

“The idea amongst other things was to get the key stakeholders to listen to what other people are thinking within the society,” he said.

“Obiviously, there are some people who are interested in one area but the way the economy works it does not work in isolation.

“Everybody else needs to know how everybody else needs to function so that was important from that perspective.”

Mr Sayed-Khaiyum said also the idea was to get people to make contributions in the sixteen different areas they had have put aside as separate round table groups so that they can make submissions on all of them.

“It’s not only for the 2015 budget but we want to set goals for the future,” he said.

“We have received an overwhelming response to this. It’s very good and unprecedented and let’s do more of this.

“And we hope to build further structures around it so that we can have specialised groups so that we can meet on a regular basis.

“At the end of the day, if we are serious about putting ourselves out there as a country within region and globally, we need to have this long term goals and long term plans.”

Issue of concessions

One of the key highlights of the submissions made during the Special Budget Forum organised by the Minister for Finance on Saturday seemed to be concessions.

There seemed to be general consensus amidst the private sector representatives for the need to introduce more duty concessions as well as revise the existing ones in a number of sectors.

Mr Sayed-Khaiyum stressed sometimes people just want concessions and they want everything for free.

But, he said, obviously somebody has to pay for it adding: “We need to raise Government revenue.

“It also gives an avenue for people to understand how the whole system works,” he said.

Feedback:  rachnal@fijisun.com.fj

 




Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper