20 Aug 2005

Future generations will be paying debt, Fiji auditor warns

7:27 am on 20 August 2005

Fiji's auditor general has warned that future generations will be paying for the government's current debt fuelled spending spree.

The Fiji Times reports that the warning is contained in auditor general Eroni Vatuleka's 2004 annual report which has been tabled in parliament.

Mr Vatuleka says the national debt is now growing at a faster rate than the economy.

He says therefore the government may not able to sustain existing programmes and meet creditor requirements if it continues with the current trend.

The auditor general says the debt burden of individuals is increasing and will affect future generations.