About $1-$2 billion is expected to be released into the economy in the next six to 12 months.

"For 2026 and 2027, growth is expected to be broad-based and return to its long-term trend of around 3.0 per cent," Mr Ali said.

Prime Minister Sitiveni Rabuka, at the opening, highlighted the centre's role in blending traditional navigation knowledge with modern technology to empower future maritime leaders.

Mr Goundar had purchased four vessels this year; Lomaiviti Princess 6 was bought for $2.2 million, Lomaiviti Princess 7 for $2.2 m, Lomaiviti Princess 8 for $2.8 m and Lomaiviti Princess 9 had cost $2m.

This is Part 1 of the 2019/2020 National Budget address made by the Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum on Friday, June 7, 2019 in Parliament.

This Fiji Budget Report has been prepared to provide a prompt overview of the general issues raised in the 2019-2020 Fiji National Budget. It does not exhaustively cover the subjects discussed. When specific issues occur in practice it may be necessary to refer to the laws and regulations and to obtain appropriate professional advice.