NEWS

Koya Happy With ‘Extra Money’

The Minister for Industry, Trade and Tourism Faiyaz Koya has welcomed the allocations made to his ministry in the 2016-2017 Budget announced in Parliament yesterday. His ministry was allocated a
23 Jun 2016 12:12
Koya Happy With ‘Extra Money’
Minister for Local Government Parveen Kumar (left), and Minister for Industry, Trade and Tourism Faiyaz Koya following the 2016-2017 National Budget at Parliament House yesterday. Photo: Ronald Kumar

The Minister for Industry, Trade and Tourism Faiyaz Koya has welcomed the allocations made to his ministry in the 2016-2017 Budget announced in Parliament yesterday.

His ministry was allocated a total budget of $77 million, of which $37.5m is for operating expenditure, $38.2m for capital expenditure and $1.2mn for value added tax (VAT).

“Wonderful; I think the allocations given to my ministry is very good in terms of tourism, we’ve received some extra money,” he said.

“For us in the tourism sector, we’re doing a whole lot of work to it.”

Mr Koya said there was a whole lot of hard work for this year for his ministry.

Minister for Finance Aiyaz Sayed-Khaiyum, while delivering the 2016-2017 Budget address, outlined tourism was the biggest sector of the economy.

“Our reputation as a tourism destination has not suffered due to Cyclone Winston,” he said.

Mr Sayed-Khaiyum also announced an increase in the grant given to Tourism Fiji from $32m to $36m.

“This additional budgetary allocation will greatly assist Tourism Fiji to work with all its partners to secure and improve our market position,” he said.

Fiji Hotel and Tourism Association Dixon Seeto has welcomed the increase in the marketing grant given to Tourism Fiji.

“What makes the world go around is money and the more funds that we have to market Fiji means that we can create more awareness about Fiji,” Mr Seeto said.

“The main thing is to use that money, bluntly speaking, to put Fiji on the travel supermarket shelf.

“We need to go out and pump Fiji as a destination and you need money to do that.”

Mr Seeto said there was great potential in new emerging markets like China.

“There’s still a lot of potential in our existing markets and our emerging markets,” he said.

“We’ve got to work much more as an industry with all the stakeholders especially to support Fiji Airways with their new routes such as San Francisco and Singapore as they are in a much better position to deliver service to Fiji as a destination.”

Meanwhile, Ministry of Industry, Trade and Tourism was allocated $58.9m in the previous Budget.

 

Edited by Rusiate Mataika

Feedback:  filipe.naigulevu@fijisun.com.fj

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