Coalition Government Announces $800 Million Economic Boost with VAT Cuts and Social Support Measures

• The government will invest over 800 million dollars to support households, workers, and the vulnerable
• VAT will be reduced from 15 percent to 12.5 percent starting August 1
• Total tax relief for consumers will reach 500 million dollars
• Civil servants will receive a 3 percent pay rise from August
• Social welfare recipients and government pensioners will get a 5 percent increase in monthly allowances
• A 10 million dollar bus fare subsidy will reduce fares by 10 percent
• The 200 dollar Back-to-School Assistance will continue in 2026 with a 40 million dollar allocation
• 25 million dollars allocated for electricity, water, and medicine subsidies
• Businesses are warned not to hoard tax and duty cuts

Source: fijitimes.com.fj

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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