Govt borrowing from FNPF currently stands at $3.6 billion

FNPF

Govt borrowing from FNPF currently stands at $3.6 billion

By Shanil Singh

Friday 08/07/2022

FNPF CEO Viliame Vodonaivalu

Government borrowings from the Fiji National Provident Fund currently stands close to $3.6 billion as at 30th June this year.

This is 42% of the Fund’s total portfolio which currently stands at $8.6 billion.

FNPF CEO Viliame Vodonaivalu says both Government and Fiji Airways have never defaulted or asked for a rearrangement for their loans.

Vodonaivalu also says that around 8% of their total investment is in the tourism sector.

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