Stats Show Dec06 Coup Was Good
The interim Finance Minister said figures have proven that the December 5th 2006 Coup was good for the Fiji economy.
When questioned this afternoon at a press conference on whether the last coup has been good for the economy, Mahendra Chaudhry said figures have proven so and this is a result of constant mismanagement of government finances by the SDL government pre December 6th, 2006.
Chaudhry also stated that speakers at the Fiji Update Seminar held at USP last week did not give an honest outlook of the interim government's success in achieving financial stability and turning the economy around.
Chaudhry said current improved trends in economic performance indicate that growth is likely to exceed the earlier Reserve Bank prediction of 1.7% growth and exports are looking good.
Chaudhry added the SDL government propped up an ailing economy by borrowing indiscriminately to finance ballooning budget deficits adding that Fiji's national debt had more than doubled from 1.2 billion in 2000 to 2.8 billion by 2006.
Stats Show Dec06 Coup Was Good
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