Second round of aid
23 September, 2021, 11:50 am
If we want to go and borrow more money, we will have to come back to Parliament, Attorney-General Aiyaz Sayed-Khaiyum told Parliament on Tuesday.
He made the comments after Leader of Opposition Ratu Naiqama Lalabalavu asked if the Government had the money to pay the second round of the $360 payments that is due in October.
“Debt levels and how much money we borrow, is actually approved by Parliament,” he said.
“If we want to go and borrow more money, we will have to come back to Parliament.”
He said $200 million was allocated for the first round of $360 payments.
“We have spent about $105 million but as you know that as the economy opens up, more and more people get employed.
“We do a very thorough analysis and check as to whether the person is eligible for it, and in particular from the formal sector, because we check with FNPF.
“Have their FNPF contributions started to come or not.”
“We know there are few people whose employers have not paid their FNPF, therefore, when we check with the FNPF it was not there, so they would have received the $360.
“A lot of the employers are now catching up so we expect the numbers to actually go down.”