Sayed-Khaiyum: Fiji has not borrowed money from China since 2012

Attorney-General Aiyaz Sayed-Khaiyum at the budget consultation held at the FNU in Suva on Thursday, June 23, 2022. Picture: SOPHIE RALULU

The Fijian Government has not borrowed money from the Chinese since 2012.

This, according to Attorney-General and Economy Minister Aiyaz Sayed-Khaiyum during the 2022-2023 National Budget consultation at Fiji National University in Suva yesterday.

“Before 2007, we built the Nadarivatu Dam, the dam was going to be started, the World Bank was going to fund it because at that time Australia and New Zealand did not support us, they stopped the Word Bank from lending us money,” he said.

He was responding to a question from a participant at the forum who asked the A-G about Fiji’s debt situation in relation to what had transpired in Sri Lanka.

“Today, that loan is paid off but the dam is built, we paid off that loan with a higher cost and we used other money to pay that off but today we have a hydro dam.

“Today, 65 per cent of all electricity in Viti Levu comes from hydro, lesser reliable on fossil fuel.”

Mr Sayed-Khaiyum said the problem in Fiji was that everybody wanted to become experts on debt.

“If (Fiji) really was in a bad position, why did the Australians over the past two years gave us money for budget support.

“First time in Fiji’s history Australians gave us money for budget support and say spend as you like within your budget framework.”

He said the New Zealand Government also gave direct budget support to Fiji.

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