6 Jul 2010

USP economist expects boost from revised Fiji budget

12:41 pm on 6 July 2010

A senior finance lecturer at the University of South Pacific says Fiji's revised 2010 budget should help stimulate growth and revive the economy.

Dr Rohit Kishore says there were few surprises in the budget which estimates the country's net deficit will be down to 109 million US dollars, or 3.5 per cent of GDP.

He says the budget's aim is to raise exports and increase earnings through agriculture and tourism sectors.

"We have to raise revenue and keep the cost side in control. And the major problem is our current account deficit and foreign reserves. In light of all that, stimulating the economy in the much needed way is required and I think government spending comes as a key, the private sector is now needed to join in with the government to provide this."

Dr Rohit Kishore from the University of the South Pacific