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Prasad: More Politics Than Economics

Opposition Finance spokesman, Biman Prasad claims the 2016-2017 Budget is politically motivated. “Some of the things that Government has done with this budget can be done easily with a revised
23 Jun 2016 10:20
Prasad: More Politics Than Economics
Opposition Leader Ro Teimumu Kepa (left), and Opposition Member of Parliament Biman Prasad after the 2016-2017 Budget outside Parliament last night. Photo: Ronald Kumar

Opposition Finance spokesman, Biman Prasad claims the 2016-2017 Budget is politically motivated.

“Some of the things that Government has done with this budget can be done easily with a revised budget.

“We continue to maintain that there were more politics than economics.”

Minister for Finance, Aiyaz Sayed-Khaiyum summed up the 2016-2017 Budget as one that focused on broadening our economic base.

However, Mr Prasad said there was very limited focus on investment.

“Obviously the rise in the cost of living remains an issue and that itself was brought further on to the people.

He said low income earners were affected by Government’s 2016 Budget where they raised the Value Added Tax (VAT) on basic food items from 0 rated to 9 per cent.

“Therefore we feel that there was more politics than economics. We still feel that Government continues to pile up debt – close to $5billion now.”

Mr Biman said that people would eventually have to pay for it.

Meanwhile, Opposition Leader Ro Teimumu Kepa when approached for a comment refused to talk.

 

Edited by Rosi Doviverata

Feedback:  arieta.vakasukawaqa@fijisun.com.fj

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