Fiji National Budget 2003: Building a Resilient Economy?

Pacific Economic Bulletin, Vol. 18, No. 2, pp. 91-106, 2003

Posted: 10 Jun 2012

See all articles by Paresh Kumar Narayan

Paresh Kumar Narayan

Deakin University - School of Accounting, Economics and Finance

Biman Prasad

University of the South Pacific - Department of Economics; University of the South Pacific - Oceania Development Network

Date Written: 2003

Abstract

This paper examines three key issues arising from the 2003 Fiji National Budget: the emphasis on tourism as a driver for economic growth; a 25 per cent increase in the VAT; and the 7 per cent increase in the sugar tax. The authors argue that, rather than increasing taxes, the government should focus on creating a sound investment climate, including secure access to land, which will benefit the tourism and sugar industries, and look to better collection strategies for the taxes that are already in place.

Suggested Citation

Narayan, Paresh Kumar and Prasad, Biman, Fiji National Budget 2003: Building a Resilient Economy? (2003). Pacific Economic Bulletin, Vol. 18, No. 2, pp. 91-106, 2003 , Available at SSRN: https://ssrn.com/abstract=2080722

Paresh Kumar Narayan (Contact Author)

Deakin University - School of Accounting, Economics and Finance ( email )

221 Burwood Highway
Burwood, Victoria 3215
Australia

Biman Prasad

University of the South Pacific - Department of Economics ( email )

Private Bag, Laucala Campus
Suva
Fiji

University of the South Pacific - Oceania Development Network ( email )

Suva
Fiji

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