Former RBF economist and Unity Fiji candidate says the Fijian Govt took $100 million loan from RBF to pay salaries

Former RBF economist and Unity Fiji candidate says the Fijian Govt took $100 million loan from RBF to pay salaries

By Krishneel Nair
Saturday 26/11/2022
[Photo: Mohammed R. Khan ]

A former economist of the Reserve Bank of Fiji and Unity Fiji Party candidate, Mohammed Khan says in the fourth quarter of 2018 and the first quarter of 2019, the government took a $100 million loan from RBF to pay for civil servants' salaries.

While speaking at a Unity Fiji rally in Nausori, Khan says when the government doesn't have money, they need to borrow to fund its daily operations.

He adds a staggering $2 billion was borrowed by the government in just 18 months.

Khan also says the reality of the matter is they are giving Fijians the money which has been borrowed.

We have sent questions to the Reserve Bank of Fiji and the Minister for Economy. They have not responded.

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