Filomena O’Neil, president of the Lautoka Market Vendors Association, is encouraging the public to make the most of the new national budget, which she describes as fair and beneficial for the people of Fiji. In her remarks, O’Neil welcomed the decrease in Value Added Tax (VAT) from 15% to 12.5%, stating that this change is expected to alleviate the financial burdens faced by households amid rising living costs.
She also highlighted additional measures, such as a 10% bus fare subsidy for all Fijians and the reduction of prices for chicken and lamb, as vital steps toward supporting everyday citizens, particularly those earning minimum wages. O’Neil expressed hope that these budgetary provisions would stop excuses for not improving living standards after the implementation date of August 1.
Moreover, O’Neil commended the budget’s support for small and medium enterprises, emphasizing the importance of ongoing assistance for vendors, women, children, and the elderly. The comments reflect a broader concern about the impact of the cost of living on ordinary people, shared by similar vendors across Fiji.
The national budget, unveiled by Finance Minister Professor Biman Prasad, has been described as expansionary amid acknowledging worsening global economic conditions. Prasad stated that the budget aims to build on foundations of stability and predicts that the measures in place, including the VAT reduction, will help ease the financial strain on Fijians.
This budget marks a proactive response to economic challenges, and with unity among vendors and support systems in place, there is a sense of hope that these initiatives will enhance the quality of life for many Fijians. The commitments made within this fiscal framework reflect the government’s dedication to addressing citizens’ needs and fostering a supportive environment for continuous development and sustainment of livelihoods.
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