This was following a order by the Speaker of the House on the 27/08/15 for the House to sit privately, strangers be ejected and Hansard not publish the secret discussions about the state of Fiji’s Economy.
In my point of order, made to parliamentarians today, I demanded an explanation into public utterances made in the media by the Minister and his Permanent Secretary on Global Bonds and Loans.
The fact is in the 2015 Budget estimate a deficit of $363.5 million was projected, but this relies on the sale of state assets of $507.3 million and there is no sign of that happening for the 2nd year in a row. So our deficit will increase to $870.8 million. That’s just $129 million short of a billion dollars. So add to that the $US250 million that the PS Finance spoke of in June that is due next year, then we are looking at a $1.4 billion debt for all of the Governments excesses over the past few years that our young people today will have to pay.
There is also the $150 million in un-presented cheques and the unaccounted for the $100 million expenditure.
Going into the 2016 Budget discussions, we cannot have the office of the Minister of Finance filled by a man who cannot give real solutions to our economic woes. A man who can’t face the Nation and openly talk about the reality of the Economy – and has instead ordered the representatives of the People to NOT INFORM the People of the facts."
Hon. Ratu Isoa Tikoca