The interim government is now looking into ways to reduce its operating expenditure and divert money into improving the infrastructure.
Interim Prime Minister Commodore Frank Bainimarama in a press conference yesterday afternoon said that we as a nation need to make some adjustments.
Bainimarama said we need to come together to make sacrifices and change our spending habits.
According to Bainimarama, the interim government will accelerate capital expenditure.
He said the government will be exploring more offshore funds for these projects.
He said further announcements will be made in the near future about the initiatives the interim government will put in place.
The Reserve Bank stated earlier that there is capacity for government to support economic growth through capital spending.
In financing its expenditure, the RBF board noted that there is room for government to switch to offshore borrowing in order to support monetary policy to safeguard foreign reserves.
IG to change spending habits
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