Review of Key Indicators 1998 – 2010

Source: www.imf.org

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

STATE OF THE NATION

Economic Failures of Frank and Khaiyum!!!!!

Score Card of Misery, Deceit and false Promises

1. Raising investment levels to 25 percent of GDP? (FAIL)

2. 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)

3. 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.

4. Reducing fiscal deficits? (FAIL) (opposite being done)

5. 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.

6. 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.

Source: www.imf.org

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

0.5

1

1.5

2

2.5

3

3.5

4

4.5

5

3.579

3.909 3.84 3.915 4.039 4.0794.301 4.327 4.408 4.386 4.38

4.249 4.253

GDPBIL

LIO

NS

GDP (National Income Trend) 1998 - 2010 There has been no

growth since 2006

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

-4

-2

0

2

4

6

8

10

1.227

9.211

-1.78

1.97

3.154

0.996

5.456

0.600000000000001

1.853

-0.497-0.121

-3.003

0.101

GDP growth

Source: www.imf.org

GDP (National Income Growth Rate) 1998 - 2010

Elected PM Chaudhry and Qarase posted

healthy GDP growth rates

Source: www.imf.org

GDP (National Income Per Head/Capital) 1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20104,000.00

4,200.00

4,400.00

4,600.00

4,800.00

5,000.00

5,200.00

GDP per head

People are Poorer now!

1977 1991 1997 2010 20140%

10%

20%

30%

40%

50%

60%

70%

National Poverty Rate (Households) 1998 - 2010

Source: UNDP Reports, Household survey 2010, 21 April 2010 Fiji Times

By 2014 60% of our People

will be in Poverty

Source: www.imf.org

National Debt Trend 1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

0.5

1

1.5

2

2.5

3

3.5

4

1.3061.3551.4341.68

1.8942.133

2.282.423

2.8542.735

2.866

3.1523.352

National Debt

Bil

lon

s

Dictator complained about Qarase govt debt level. What about his

record?

Source: www.imf.org

National Debt as a Percentage to GDP 1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

10

20

30

40

50

60

38.88135.994

39.097

43.47645.978

47.57947.22647.646

53.127

49.87950.435

55.44755.857

Debt %

Perc

en

tage

Source: www.imf.org

National Investment Percentage to GDP 1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

2

4

6

8

10

12

14

16

18

20

16.734

15.596

18.718

16.615.976

16.535

12.557

17.92117.336

16.08917.05416.71216.624

Investments

Perc

en

tage

Source: www.imf.org

National Inflation Rate 1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

1

2

3

4

5

6

7

8

9

8.128

0.169

3

2.291

1.588

4.19

3.317

2.7463.1

4.3

6.66.8

3.96Inflation rate

Perc

en

tage

45% Poverty

Explained!!

Total Debt including Contingent Liability

is now Higher than the GDP as at 2010

GDP Total Debt -

1,000

2,000

3,000

4,000

5,000

6,000

4,406

5,306

2010Billions

Source: 2011 Budget Supplement

Source: FSC Annual Reports

Cane Crushed Trend 1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

Cane Farmers in Fiji are planting less cane now

than ever. Why?

Source: FSC Annual Reports

Sugar Production Trend 1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

50

100

150

200

250

300

350

400

Why is Sugar production failing after $86m dollar

upgrade?

Source: www.imf.org

Government Revenue and Expenditure Trends

1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

1.015 1.022 1.025

1.146

1.2611.324 1.322

1.392

1.5591.482 1.447

1.671 1.673

RevenueExpenditure

Bil

lions

Source: www.imf.org

Government Revenue and Expenditure as a Percentage to GDP

1998 - 2010

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

5

10

15

20

25

30

35

40

30.208

27.14 27.94329.66530.60929.537

27.38227.3729.029

27.02625.454

29.39627.881

Rev. GDP %Exp. To GDP %

%

Source: www.imf.org

Fiji Military Forces Expenditure 1988 - 2010

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

0

20

40

60

80

100

120

140

Billions

Why is military expenditure on the rise while

other government services facing budgets cuts

...

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!!!!