Australia gives Fiji $86.6M for Budget Support Funding

Australia gives Fiji $86.6M for Budget Support Funding

By Iliana Biutu
Monday 29/07/2024

The Australian government has provided $86.6 million to Fiji for Budget Support Funding.

While speaking at the signing of the Direct Funding Arrangement, Deputy Prime Minister and Minister for Finance Professor Biman Prasad says this support will help the government sustainably finance its development ambitions including infrastructure, health, education, climate change, and services.

The Deputy Prime Minister says this fund has enabled the government to secure a total budget support funding of almost more than half a billion dollars, about 542 million dollars, comprising of concessional loans and grants which are contributing to more effective and accountable public financial management.

He says this also support the two government with the aim to broaden the partnership between the two governments under the Vuvale Partnership program.

0% buffered00:00Current time00:00

The Deputy Prime Minister acknowledged the Australian government for their support and for ensuring that the Vuvale Partnership grows stronger and achieves common goals.

Australian High Commissioner to Fiji Ewen McDonald says the budget support is very important as it is essential in helping the government meet its fiscal priorities and strategy.

McDonald says this commitment is a fund to help Fiji navigate its economic and health crises.

The High Commissioner has also highlighted that in the next financial year, Australia will increase its funding to Fiji by 40 percent.

0% buffered00:00Current time00:00

McDonald says they are now working closely with the government regarding the CWM Hospital to deliver the infrastructure master plan and that the company leading the work is expected to be announced in the next few weeks.

He adds this demonstrates a close partnership and trust between Australia and Fiji.

FEATURE NEWS
Thousands of people without water again due to turbidity levels
Thousands of people are without water in the Central Division as the heavy rain during Tropical Cyclone Rae has led to an increase in turbidity levels...
33 minutes ago
LATEST NEWS
Namuka-i-Lau residents seek urgent Govt aid after TC Rae destruction
People in Namuka-i-Lau in Lau are seeking the Government's assistance after 15 of their homes and farms suffered extensive damage from Tropical ...
1 hour ago

Sanjay Kaba's bail variation matter stood down to this afternoon
Managing Director of Houng Lee Kaba Jacob Limited and former Director of Telecom Fiji Limited, Sanjay Kaba who is charged with one count of obtaining ...
2 hours ago

Police officer charged with assault to appear in court today
A Police officer who allegedly assaulted a 32-year-old man in Navua earlier this month will appear in the Navua Magistrates Court today. Police ...
3 hours ago

Meth, marijuana, syringes and other contraband found at Suva Remand Centre
The Fiji Corrections Service has seized contraband including methamphetamine, marijuana, suki, gas lighters, mobile phones, smoking apparatus, ...
3 hours ago

EIA conducted before court approved 4.15 tonne meth destruction – SSP Vusonilawe
Director of Operations Senior Superintendent of Police Kasiano Vusonilawe says before the Court issued the notice for destruction for 4.15 tonnes of ...
4 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
World Radio Day
Radio remains one of the best mediums for news and information for a number of reasons and in situations such as natural disasters and political ...
12 days ago

Health Minister Dr Lalabalavu on fijivillage Straight Talk with Vijay Narayan
Health Minister, Doctor Ratu Atonio Lalabalavu on fijivillage Straight Talk With Vijay ...
20 days ago

PM Rabuka on fijivillage Straight Talk With Vijay Narayan
Prime Minister, Sitiveni Rabuka on fijivillage Straight Talk With Vijay Narayan. The in-depth interview will focus on many issues facing the ...
24 days ago

TOP