First report of the level of over-borrowing is reported in the FijiToday blog…….. Government debt is currently estimated to be just under fifty percent of Gross Domestic Product.
The following chart is from the Fiji Bureau of Statistics in July 2012 and, as you can see, the junta has been overspending by hundreds of millions of dollars over the last few years.
Note how revenue flattened after the 2006 coup and how expenditure took a huge jump after the abrogation of the Constitution in 2009. Where has all that money gone?
Khaiyum and Bainimarama have banded the Auditor General from releasing his reports when they overthrew the legal government in 2006 and we don't expect any audited governments accounts while bainimarama is robbing Fiji of its lands and resources.
Therefore, billions of dollars of expenditure of the people of Fiji's money is unaccounted for. This is fraud. It is also creating another problem for Fiji - being indebted to China with its cheap loans - hook, line and sinker!
All this spending and still Bainimarama and Khaiyum have managed to create Fiji's highest levels of unemployment, poverty and crime. Now only crooks want to invest in Fiji, like the Chinese triads and Russian criminal organisations, and bogus investors like One Thousand Sands and their casino proposal.....