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CCF say Budget "unconventional and refreshing"Saturday, November 28, 2009
Council chief executive Premila Kumar says the 2010 Budget was prepared with the view to take the country forward. Kumar says instead of alleviating poverty through blanket remedies the government has provided a more targeted approach such as the introduction of a $10000 home grant for new home owners and a $30 additional food allowance for those receiving Social Welfare benefits, to name a few. The Council noted the government’s initiative to phase out price control to promote competition in the marketplace. In this regard the Council has pleaded with the government to reform the current consumer protection laws and redress mechanism to address anti-competitive behaviour. Kumar says they have noticed in the past that whenever government reduced duty or removed VAT to ease financial burden of consumers, the benefits did not reach the public. The Council is concerned that the removal of Price Control might also be abused by some unscrupulous traders who will see this as an opportunity to increase their profits instead of creating healthy competition and lower prices for consumers. Fiji Broadcasting Corporation |
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