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STATE OF THE NATION . Illegal Military Dictatorship’s Champagne galore rides on Beer Budget while 75% of the People suffer in silence” Presented by Shailendra Raju, 23 rd July 2011. Review of Key Indicators 1998 – 2010. Source: www.imf.org .
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STATE OF THE NATION Illegal Military Dictatorship’s Champagne galore rides on Beer Budget while 75% of the People suffer in silence” Presented by Shailendra Raju, 23rd July 2011 Review of Key Indicators 1998 – 2010 Source: www.imf.org
Economic Failures of Frank and Khaiyum!!!!!Score Card of Misery, Deceit and false Promises • Raising investment levels to 25 percent of GDP? (FAIL) • Growing the economy by 5 percent annually?(FAIL) - Four years of Economic Decline (2007 – 2010) compared to six years of growth under the elected government (2001- 2006) • Reducing the rate of poverty to a negligible level? (FAIL) - Poverty level in both rural and urban areas throughout Fiji is now at unprecedented level of 45% and is expected to escalate to 60% by 2014. • Reducing fiscal deficits? (FAIL) (opposite being done) • Reducing Government debt? (FAIL) (opposite being done) - Public Debt increased under from $2.8b to $3.5b in 2010 and is projected to reach 5b in 2014. • Maintaining inflation at around 2-3 percent on average?(FAIL) (inevitably) • Investor confidence lowest-ever with liquidity at record levels.(reference: Bank of Baroda) • 20% devaluation of the Fiji dollar spiralling rise in food prices by up 400%. • Increase in Vat to 15% has driven thousands into poverty as cost of living surges. • FNFP board of Bainimarama wasted $1.3b of workers money in failed investments like Momi and Natadoloa projects. • Sugar industry on verge of collapse with sugar production down to 139,000 tonnes, FSC has been delisted from stock exchange owing over $200 million in loans, $350m EU aid lost as Fiji failed to hold elections in 2009.
GDP (National Income Trend) 1998 - 2010 There has been no growth since 2006 Source: www.imf.org
GDP (National Income Growth Rate) 1998 - 2010 Elected PM Chaudhry and Qarase posted healthy GDP growth rates Source: www.imf.org
GDP (National Income Per Head/Capital) 1998 - 2010 People are Poorer now! Source: www.imf.org
National Poverty Rate (Households) 1998 - 2010 By 2014 60% of our People will be in Poverty Source: UNDP Reports, Household survey 2010, 21 April 2010 Fiji Times
Dictator complained about Qarase govt debt level. What about his record? National Debt Trend 1998 - 2010 Source: www.imf.org
National Debt as a Percentage to GDP 1998 - 2010 Source: www.imf.org
National Investment Percentage to GDP 1998 - 2010 Source: www.imf.org
45% Poverty Explained!! National Inflation Rate 1998 - 2010 Source: www.imf.org
Total Debt including Contingent Liability is now Higher than the GDP as at 2010 Source: 2011 Budget Supplement
Cane Crushed Trend 1998 - 2010 Cane Farmers in Fiji are planting less cane now than ever. Why? Source: FSC Annual Reports
Sugar Production Trend 1998 - 2010 Why is Sugar production failing after $86m dollar upgrade? Source: FSC Annual Reports
Government Revenue and Expenditure Trends 1998 - 2010 Source: www.imf.org
Government Revenue and Expenditure as a Percentage to GDP 1998 - 2010 Source: www.imf.org
Fiji Military Forces Expenditure 1988 - 2010 Why is military expenditure on the rise while other government services facing budgets cuts Source: www.imf.org
Hope you all have a better idea about Fiji and its Challenges. With Your support, we can remove the Dictatorship and be free the like these folks...... Thumps Up for Democracy!!!! ...