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Review of Key Indicators 1998 – 2010

STATE OF THE NATION . Illegal Military Dictatorship’s Champagne galore rides on Beer Budget while 75% of the People suffer in silence” Presented by Shailendra Raju, 23 rd July 2011. Review of Key Indicators 1998 – 2010. Source: www.imf.org .

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Review of Key Indicators 1998 – 2010

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  1. STATE OF THE NATION Illegal Military Dictatorship’s Champagne galore rides on Beer Budget while 75% of the People suffer in silence” Presented by Shailendra Raju, 23rd July 2011 Review of Key Indicators 1998 – 2010 Source: www.imf.org

  2. Economic Failures of Frank and Khaiyum!!!!!Score Card of Misery, Deceit and false Promises • Raising investment levels to 25 percent of GDP? (FAIL) • Growing the economy by 5 percent annually?(FAIL) - Four years of Economic Decline (2007 – 2010) compared to six years of growth under the elected government (2001- 2006) • Reducing the rate of poverty to a negligible level? (FAIL) - Poverty level in both rural and urban areas throughout Fiji is now at unprecedented level of 45% and is expected to escalate to 60% by 2014. • Reducing fiscal deficits? (FAIL) (opposite being done) • Reducing Government debt? (FAIL) (opposite being done) - Public Debt increased under from $2.8b to $3.5b in 2010 and is projected to reach 5b in 2014. • Maintaining inflation at around 2-3 percent on average?(FAIL) (inevitably) • Investor confidence lowest-ever with liquidity at record levels.(reference: Bank of Baroda) • 20% devaluation of the Fiji dollar spiralling rise in food prices by up 400%. • Increase in Vat to 15% has driven thousands into poverty as cost of living surges. • FNFP board of Bainimarama wasted $1.3b of workers money in failed investments like Momi and Natadoloa projects. • Sugar industry on verge of collapse with sugar production down to 139,000 tonnes, FSC has been delisted from stock exchange owing over $200 million in loans, $350m EU aid lost as Fiji failed to hold elections in 2009.

  3. GDP (National Income Trend) 1998 - 2010 There has been no growth since 2006 Source: www.imf.org

  4. GDP (National Income Growth Rate) 1998 - 2010 Elected PM Chaudhry and Qarase posted healthy GDP growth rates Source: www.imf.org

  5. GDP (National Income Per Head/Capital) 1998 - 2010 People are Poorer now! Source: www.imf.org

  6. National Poverty Rate (Households) 1998 - 2010 By 2014 60% of our People will be in Poverty Source: UNDP Reports, Household survey 2010, 21 April 2010 Fiji Times

  7. Dictator complained about Qarase govt debt level. What about his record? National Debt Trend 1998 - 2010 Source: www.imf.org

  8. National Debt as a Percentage to GDP 1998 - 2010 Source: www.imf.org

  9. National Investment Percentage to GDP 1998 - 2010 Source: www.imf.org

  10. 45% Poverty Explained!! National Inflation Rate 1998 - 2010 Source: www.imf.org

  11. Total Debt including Contingent Liability is now Higher than the GDP as at 2010 Source: 2011 Budget Supplement

  12. Cane Crushed Trend 1998 - 2010 Cane Farmers in Fiji are planting less cane now than ever. Why? Source: FSC Annual Reports

  13. Sugar Production Trend 1998 - 2010 Why is Sugar production failing after $86m dollar upgrade? Source: FSC Annual Reports

  14. Government Revenue and Expenditure Trends 1998 - 2010 Source: www.imf.org

  15. Government Revenue and Expenditure as a Percentage to GDP 1998 - 2010 Source: www.imf.org

  16. Fiji Military Forces Expenditure 1988 - 2010 Why is military expenditure on the rise while other government services facing budgets cuts Source: www.imf.org

  17. Hope you all have a better idea about Fiji and its Challenges. With Your support, we can remove the Dictatorship and be free the like these folks...... Thumps Up for Democracy!!!! ...

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