SOQOSOQO Vakamarama leader Adi Finau Tabakaucoro has come out in support of the 2012 Budget announced by Prime Minister and Finance Minister Commodore Voreqe Bainimarama on Friday.
"It's interesting and exciting and very positive," said the former assistant minister for women and social welfare.
"I think that people should be very pleased with this Budget because it's very positive as it benefits a lot of people," Adi Finau said.
"I've attended a lot of budget announcements and I think this one is really good for the people. The review of the Fiji National Provident Fund will be enjoyed by pensioners because now they have an option to withdraw their pensions.
Commodore Bainimarama announced pensioners would be given an option to be refunded the initial amount that had been set aside for their pensions, irrespective of their withdrawals.
"Pensioners will then be able to choose from a number of new annuity options," he said.
Adi Finau said government's slashing tax rates for 99.4 per cent of taxpayers would benefit a lot of people.
"The tax reduction is also quite a substantial shift from normal reductions in previous budget announcements so that is also another positive that came out of this Budget," she said.
The tax reductions come into effect on January 1, 2012. -- Repeka Nasiko in the Fiji Times
4 comments:
Is this support the view of the WHOLE Soqosoqo Vakamarama of Fiji or just Finau Tabakaucoro?
Fiji Times should not mislead the readers by these kinds of reporting.
And the indo-Fijian women? Are they not similarly 'excited'?
Those who were counselled by the FNPF, offered a choice including partial withdrawal and full withdrawal, and chose the 25% pension rate which was later reduced incrementally over a period of time, did so in good faith and now the FNPF in bad faith decides to slash their pension rate. If it must be done pension rates for those who dared to plan for their sustainable future lives should be reduced incrementally in a humane and civilised manner.Adi Finau's choice to withdraw lump sums is not sound advice to be given to women whose best choice is a life pension.
The Fiji Times should investigate what is going on at the Soqosoqo Vakamarama.
Post a Comment