The government is expected to implement some new revenue measures when Prime Minister and Minister for Finance Commodore Voreqe Bainimarama announces the 2010 revised national budget tomorrow.
With two natural disasters taking its toll on government finances over the past 6 months, Permanent Secretary for Finance John Prasad said its time to also look at how some of the unbudgeted expenses can be recovered.
While not revealing much, Prasad confirmed that proposals on new revenue measures have been handed to the Prime Minister for approval.
Tropical cyclone Mick last December and Tropical cyclone Tomas in March this year cost the government an estimated $120 million which has now forced the government to revise the 2010 national budget.
Prasad said it is important that the budget be revised to ensure funds are now redirected to priority areas as many capital projects have been put on hold due to the two natural disasters.
Prasad said the termite infestation in Lautoka has also taken a toll on the government=s budget.
Prime Minister and Minister for Finance Commodore Voreqe Bainimarama will announce the 2010 Revised budget at 9am tomorrow.
Story by: Roneel Lal
