Minister for Economy, Aiyaz Sayed-Khaiyum has made it clear that irrespective of which Fijian government took loans, it is a loan taken by the government.
He has also highlighted that no Fijian Government has ever defaulted in paying any loans.
This was stressed by Sayed-Khaiyum during the National Budget Roadshow at Vunimono High School after a resident of Bau Road in Nausori asked him if the next generation will be paying the national debt through taxes.
Sayed-Khaiyum says that indeed the debt will have to be paid through taxes.
Sayed-Khaiyum adds that the most important part about borrowing is to ask what the money is being borrowed for and that the borrowing is done for the right purpose.ADVERTISEMENT Listen to the latest news on our 5 radio stations Legend FM, Viti FM, Radio Sargam, FM96 and Navtarang.