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Fiji's National Budget 2019-2020 highlights

Fiji’s National Budget 2019-2020 was announced last week with no major surprises to the economic outlook. However, a number of reforms focusing on promoting financial stability, strengthening anti-money laundering (AML) initiatives and improving the ease of doing business are tapped to assist the economy. The revised growth forecast is targeting a 3% growth over the next 2 years with budget deficit at 2.7% of the GDP. National debt as a percentage of GDP for this period is forecasted to be at 47.1%, compared to a revised figure of 46.7% for the previous year. In maintaining consistency for a stable business environment, there were no significant changes announced in corporate or indirect tax

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