review of key indicators 1998 – 2010
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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 . - PowerPoint PPT PresentationTRANSCRIPT
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
3.5793.909 3.84 3.915 4.039 4.079
4.301 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
2.8542.7352.866
3.1523.352
National Debt
Bill
ons
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
53.12749.87950.435
55.44755.857
Debt %
Perc
enta
ge
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
16.73415.596
18.718
16.615.976
16.535
12.557
17.92117.336
16.08917.05416.71216.624
Investments
Perc
enta
ge
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
3.3172.746
3.1
4.3
6.6 6.8
3.96Inflation rate
Perc
enta
ge
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 1.0251.146
1.2611.324 1.322
1.392
1.5591.482 1.447
1.671 1.673
RevenueExpenditure
Bill
ions
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
30.20827.14 27.943
29.66530.60929.53727.38227.37
29.02927.026
25.454
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!!!!