Professor Prasad’s contribution was not worth even 20 cents – Maharaj

Assistant Minister for Employment and Industrial Relations, Alvick Maharaj says National Federation Party Leader Professor Biman Prasad’s contribution in the budget debate was not worth even 20 cents.

Maharaj says the so called economist aiding and abetting Biman Prasad went further to compare Fiji’s economy to what is happening in Sri Lanka.

He adds Sri Lanka went out of foreign reserves, corruption was at level high however Fiji is in a very stable position having foreign reserves to import for more than 8 months.

He says while the economist was criticizing government for borrowing money during the COVID-19 pandemic, the Fijian government acted smartly and borrowed ofshore in order to increase the foreign reserves.

Maharaj says Sri Lanka was not in a position to service their debts, Fiji on the other hand has not defaulted a single repayment during the pandemic.