Frankenomics – raiding the cookie jar

The NFP have asked one of the many questions arising from the Audit Reports which were finally squeezed out of Bainimarama.  Among 13 other concerns raised in the 2012 report was “the overstatment of Sinking Fund by $138.5 million”.  The Sinking Fund is money put aside for payment of future debts when they fall due.  It looks like the $138.5 million was put aside and then raided by the regime, no doubt to fund Frank’s vote-buying with brushcutters and other hand-outs.

FijiLive 20 August 2014  State’s 2012 report a cause for concern:NFP

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: