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A-G Queries Ro Teimumu’s Debt To GDP Plan

FijiFirst party general secre­tary Aiyaz-Sayed Khaiyum has questioned Opposition Leader and SODELPA candidate Ro Teimumu Kepa how she plans to reduce Fiji’s Debt to GDP (Gross Domestic Product) ratio from
31 Oct 2018 11:53
A-G Queries Ro Teimumu’s Debt To GDP Plan
Ro Teimumu Kepa

FijiFirst party general secre­tary Aiyaz-Sayed Khaiyum has questioned Opposition Leader and SODELPA candidate Ro Teimumu Kepa how she plans to reduce Fiji’s Debt to GDP (Gross Domestic Product) ratio from 47 per cent to 40 per cent within the first 100 days.

He made the statement during a FijiFirst rally at the FMF Gymna­sium on Monday night.

Mr Sayed-Khaiyum said Ro Teimumu earlier made a statement where she claimed that she would reduce Fiji’s Debt to GDP ratio, which currently stands at 47 per cent, to 40 per cent.

She reportedly said this would happen in the first 100 days in office of a SODELPA government.

Mr Sayed-Khaiyum said the dif­ference between 40 per cent and 47 per cent was an astounding $700 million.

The Debt to GDP ratio indicates a country’s ability to pay off its debts by comparing the public debt to the gross domestic product, which is the consolidated market value of the goods and services produced in a country within a specific period.

Upon being questioned yesterday Ro Teimumu Kepa said:

“I am not sure what he is talking about and I need to look further into that before I can make a com­ment.”

Edited by Epineri Vula

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