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Khaiyum TRUMPING 'ALTERNATIVE FACTS' in Parliament, says Beddoes

16/7/2017

1 Comment

 
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By MICK BEDDOES

Facts vs Alternative Facts


Introduced this year by the Trump Administration it seems that ‘alternative facts’ has found its way to Fiji’s Parliament and introduced by none other than by the lecturing maestro on everything and Economy Minister himself. The Minister is reported as having told members of the House that quote:-

The Opposition had the audacity to make wild assertions with incorrect facts, often misleading Parliament, saying the Shadow Minister characterized Fiji’s economic growth as weak and fragile, however he completely ignores the fact that we have had the longest period of economic growth ever seen! Our economy is not a roller coaster in slow motion, it’s like a train in full speed’ unquote.

Unfortunately Minister the facts say otherwise:-

POST INDEPENDENCE: 1970-1986

If there was any economic growth that was like a train in full speed it came from the Mara government in post-Independence Fiji from 1970 to 1986 with an average growth rate of 4.16% before it hit the Rabuka Brick Wall.
During this 17 year period, 13 years were positive and 10 of those years of growth were consecutive. With peak growth rates of 12.2% in 1970, and 11.61% in 1973. There were 12 cyclones over the same period.

POST RABUKA COUP 1: 1987-1999

The average growth train rate over the 13 years post Rabuka Coup No 1 dropped to 2.57%. It had 5 years of consecutive growth with peaks of 7.44% in 1989 and 8.8% in 1999 before it hit the Speight Brick Wall. There were 8 Cyclones during this period.

POST SPEIGHT COUP II: 2000-2006

The average growth train rate over this period was 1.77% with 6 of the 7 years growth being consecutive with a peak growth rate of 5.5% in 2004 before hitting the Bainimarama Brick Wall in Dec 2006. There was 2 cyclones during this period.

POST BAINIMARAMA COUP III: 2007-2017

The average growth train rate over the 11 years inclusive of 2017 of the Bainimarama Regime-Government and with 2016-2017 growth rates being forecasts, is 2.29% compared to the post-Independence rate of 4.16% over 17 years. This is definitely not quote ‘the longest period of economic growth ever’ as the Minister for the Economy is reported to have claimed.

There has been 8 years of consecutive growth with a peak of 5.3% in 2014. And there has been 11 cyclones during this period.

The growth improvement from 2012 on wards is basically driven by $4.3 billion in infrastructure injection, which is not private sector driven and not sustainable in the long term.

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1 Comment
Bahuki
17/7/2017 05:13:51 am

At least the opposition in some way makes a whole lot of sense in explaining the issues that AK-47 seems oblivious to even notice himself.

By the looks of it, Fiji would have been fast-tracked in development had Rabuka not become such an idiot by pulling off that stunt in 1987 when the country was prospering at the time.

Didn't even realize the situation at hand would turn out to be a little "trumpy-ish" in a way since the damn dynasty is why Fiji seems to be going up and down depending on economic and development growth.

Despite the obvious hindrance, just hoping that no one else stuffs it up further since Bhaiyum is pulling off shortcuts here as he does in his policies with little to no input from either the opposition or the people themselves.

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