The TELS qualifying marks based on Year 13 results has been raised from 200 to 250. Last month saw a major inroad where it was revealed that imported produce like carrots and celery will now be planted in the 125 acres of Nubu farms and the 42 farmers who will be farming in this land will also grow traditional Fijian staples like duruka and dalo. Minister for Economy, Aiyaz Sayed-Khaiyum will deliver the 2020/2021 National Budget at 7.30pm next Friday. When asked in a press conference, Kumar says in a situation like this, it is not just the national government that needs to look at its revenue, but also the local government, because it is providing key services to the public. Most of the supermarkets are now selling a carton of stubbies for $58.80 with some even selling as low as around $53. Ram says they are still trying to work with the customers and the relevant stakeholders. Minister for Economy, Aiyaz Sayed-Khaiyum announced in his 2020/2021 National budget speech that for two straight seasons, government paid cane growers $85 per tonne but in the final third season of the arrangement, they will be reducing the guaranteed price for cane from $85 to $70. The first round of forecasting is undertaken just before the release of the National Budget around May or June and the second round is done around October. Minister for Economy Aiyaz Sayed-Khaiyum will deliver the 2020-2021 National Budget at 7.30pm today. There were around 900,000 visitor arrivals in 2019. The Health Ministry has received an allocation of $394.3million, an increase of $44.5m from last year. Strategic Plan Saudi Arabia projected its 2020 budget deficit will soar to around $79 billion, the finance ministry said Tuesday, as the world's top crude exporter reels from a coronavirus-led economic downturn. Anthony says they would also like to see that the FNPF contributions by employers be restored to 10 percent from 5 percent at the soonest. The government says the massive reduction in taxes announced in the 2020/2021 National Budget is expected to stimulate business and consumption activity. Chauhan says he also agrees with the tourism and hotel sector that the Service Turnover Tax and Environment and Climate Adaptation Levy should be temporarily reduced to make our hotel packages more attractive. 3%. Doctor Raju says he wanted the clarification as this has been suggested by one of the economists. Minister for Economy Aiyaz Sayed-Khaiyum confirms that they have made allocations with respect to social protection programs like the Poverty Benefit Scheme with the anticipation that more people will fall through the cracks and will need that assistance due to the economic impact brought by the COVID-19 pandemic. Education Minister Rosy Akbar says while there has been a slight reduction in the free education grant, the focus will be making sure the quality of education is not compromised. He says the ongoing review on the social protection programmes systems and processes will ensure that this assistance is well-targeted and administered in a transparent and accountable manner. Fiji imported over $5.4 million worth of carrots and over $1.8 million worth of celery last year. Minority Affairs Minister Mukhtar Abbas Naqvi hailed the general Budget and said it is a budget to strengthen the economy. The 2020/2021 National Budget is expected to continue to focus on the strengthening of the capacity of doctors and nurses to combat COVID-19 and keep themselves and Fijian families safe. Fiji National Sports Commission Executive Chairman Peter Mazey says the sporting bodies had submitted their budget proposal in February. Senewiratne says this is a budget to stimulate the economy. While visiting the area, Kumar says they are anticipating that by the end of this month they will get the plans from the engineers. Minam highlighted this when asked what is his prediction for interest rates in Fiji in the next three years at the Fiji Commerce and Employers Federation Symposium. He adds within that allocation, $5 million is dedicated to upskilling or reskilling workers whose old jobs have been lost, but for whom new opportunities await. Ali says ECAL is an additional burden for businesses as we go through these extraordinary times. The government’s plan includes $4.8 billion to address critical areas to support a strong long-term recovery that helps workers, employers and communities get back on their feet, while building the foundation for recovery and growth. He says we have come this far and we can’t be too far to see the end of the current situation. Meanwhile Sayed-Khaiyum has also announced that residential rent is also VAT exempt. 08/09/2020 www.economy.gov.fj. Consumer Council CEO, Seema Shandil says they expect some of the incentives announced in the COVID-19 Response Budget to assist the consumers to continue, to promote small and medium businesses to create employment, boost consumer spending and to focus on consumption of Fiji made products. Salary increments for teachers who obtain new qualifications will now be approved and paid in the next financial year. 4.16 Based on this, overall tax collections are projected at $2,022.0 million for FY2019 -2020. The luxury vehicle levy has also been removed and the Accident Compensation Levy has been reduced by 50 percent through the next year. She says they also support the reduction of taxes in the tourism sector that can result in more locals going to hotels, through the provision of attractive packages. Lal says they understand that the government does not perceive that these sectors have the potential to expand substantially in the short term. The Minister for Economy says Fiji is making itself a manufacturer’s destination of choice with new incentives to tap into international eagerness to relocate assembly and manufacturing lines to Fiji, including through continued support towards the establishment of a Special Economic Zone in Navutu which they are developing in partnership with the FNPF and IFC to lay the groundwork for a tailor-made manufacturing facility which can be adapted to suit a variety of manufacturing purposes. He said more than 1000 forms had been distributed for businesses that had difficulty in cash flow. MINISTRY OF ECONOMY P.O Box 2212, Government Buildings, Suva, Fiji; Tele: (679) 3307011, Fax: (679) 3308654Website: www.economy.gov.fj Email: EconomyInformation@economy.gov.fj Ro Lalabalavu House, 370 Victoria Parade, Suva 16th October 2020 To: … Meanwhile, as the 2020, cane crushing is underway, the three mills crushed 182,545 tonnes of cane as at 13th July 2020. He says if you build or upgrade a hospital, depending on your level of investment, you can be granted up to a 20-year tax holiday on your new hospital or up to a 60% tax deduction on your renovation works. He also says support to micro, small and medium businesses will continue through the highly concessionary loan packages. According to the next government budget, 130 new National Toppers Scholarships for MBBS, oral health and surgery will be suspended along with 20 new National Toppers overseas scholarships. The Fiji Trades Union Congress says they would like to see VAT to be exempted from basic food items in the National Budget announcement tomorrow night. Or break-even.”. He says this means people still are being forced to pay 41% in taxes in the form of 32% duty plus 9% VAT. Sayed-Khaiyum says these tough measures have to be taken as government believes raising taxes in a recession is wrong and cutting spending will mean cutting jobs and government services to the people. Technology Needs Assessment (TNA) Report for Climate Change Adaptation. He had mentioned that for the rest of the civil service, even given the historic pay rises through recent years, they aren’t cutting salaries adding pay cuts started with the leadership, and that’s where the biggest cuts have stopped, because that’s what leaders do. She adds when Fiji’s borders open, it will make Fiji far more competitive. [image: usp], Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum [Image: Parliament of the Republic of Fiji], ANZ Country Head and Association of Banks Board member Saud Minam, Accident Compensation Commission of Fiji CEO Parvez Akbar, National Farmers Union General Secretary Mahendra Chaudhry, Consumer Council of Fiji CEO Seema Shandil, Governor of the Reserve Bank of Fiji Ariff Ali, CEO of Fiji Hotels and Tourism Association, Fantasha Lockington, President of Fiji Retailers Association, Vinay Kumar, Health Minister Doctor Ifereimi Waqainabete, Fiji Hotel and Tourism Association CEO Fantasha Lockington. The 2020/2021 National Budget address will be delivered by the Minister for Economy, Aiyaz Sayed-Khaiyum at 7.30pm tonight. Yusuf adds that the reduction of customs duties on over 1,600 items will also help sporting bodies who get sports equipment from overseas. 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