Analysing Fiji’s Budget amid COVID-19 – A Fiscal Overdrive without Hope

Abstract

During the global pandemic, national progress went into silence. The whole economy suffered the raging impact of COVID-19. The government had to force its way into creating new policies and revising the existing budget to encounter COVID-19. The paper aims to evaluate the national budget and its responses given by the Fijian Government concerning economic recovery amid the COVID-19 pandemic. The national state will prepare to encounter an economic crisis through ongoing propaganda and revision of its budget. The paper is intended to constitute and involve the fiscal policy of Fiji as to how it has changed dramatically over time to combat the global COVID-19 pandemic crisis. The script will also analyse government revenue and expenditure and its national debt situation and check if the nation is not in a dangerous financial disaster zone. 

Moreover, the paper will also investigate economic stability by analysing government debts, revenue and expenditure. The research will pull meaningful resources and policies used in the past two years of the budget since the stroke of COVID-19. The Government of Fiji takes countermeasures and policy strategies to sustain such a health crisis turning into an economic disaster. Furthermore, the paper highlights mistakes and lessons learnt pre- and post-COVID-19. The research paper will scrutinise the national budget, portray theoretical findings with descriptive analyses, and conclude if the economy is prepared to control the current health outbreak crisis or if there is fiscal overdrive with no hope. The analysis will also highlight if the Fiji Government is ready to face such outbreaks and prepare for any other unforeseen natural crisis. Therefore, the paper will provide transparent, constructive, and concise arguments based on the fiscal overdrive of the national budget of Fiji.