Primary Resource: Fijis new budget: Balancing consolidation and sustainable recovery by Isoa
Wainiqolo and Noel Del Castillo; ADB: Pacific Economic Monitor 2023
Using the above resource and other credible sources, answer the following questions:
1. Explain the reasons for Fijis worsening fiscal deficit before and after the pandemic. (10 marks)
2. Provide some statistics as evidence of Fijis worsening fiscal deficit situation and subsequent
government debt. (6 marks)
3. Identify IMFs advise to Fiji to initially address its fiscal deficit landscape and explain the
meaning of that concept. (6 marks)
4. Explain how persistent fiscal deficit leads to worsening government debt. (6 marks)
5. Discuss how the Fiji government plans to reduce its fiscal deficit. (10 marks)
6. Explain the macroeconomic impacts of the plans discussed in no. 5 above. (6 marks)
7. Fijis tourism sector has recorded a notable recovery when travel restrictions were lifted.
Discuss why this recovery may be short-lived in the medium term? (6 marks).
Primary Resource �Fiji�s new budget Balancing consolidation and su.pdf
1. Primary Resource: Fijis new budget: Balancing consolidation and sustainable recovery by Isoa
Wainiqolo and Noel Del Castillo; ADB: Pacific Economic Monitor 2023
Using the above resource and other credible sources, answer the following questions:
1. Explain the reasons for Fijis worsening fiscal deficit before and after the pandemic. (10 marks)
2. Provide some statistics as evidence of Fijis worsening fiscal deficit situation and subsequent
government debt. (6 marks)
3. Identify IMFs advise to Fiji to initially address its fiscal deficit landscape and explain the
meaning of that concept. (6 marks)
4. Explain how persistent fiscal deficit leads to worsening government debt. (6 marks)
5. Discuss how the Fiji government plans to reduce its fiscal deficit. (10 marks)
6. Explain the macroeconomic impacts of the plans discussed in no. 5 above. (6 marks)
7. Fijis tourism sector has recorded a notable recovery when travel restrictions were lifted.
Discuss why this recovery may be short-lived in the medium term? (6 marks)
