Recommendations for Economic Recovery and Social Support in Fiji
Proposal includes establishing a separate workers fund, wage subsidy scheme, social protection nets, universal basic income guarantee, incentives for savings plans, progressive taxation, VAT removal from basic food items, focus on affordable housing, employment services decentralization, reskilling/upskilling initiatives, support for small business start-ups, emphasis on agricultural industries, and mandatory inclusion in FNPF for all workers. These initiatives aim to address economic challenges post-COVID and enhance social support systems for sustainable recovery.
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FTUC Inputs for the UN FTUC Inputs for the UN presentation to Fiji presentation to Fiji Govt for National Govt for National Budget Budget ILO Conference Room, 19thJune 2020
Some ideas to consider Some ideas to consider 1. Creation of a separate workers fund ( not FNPF) 2. Wage subsidy scheme to assist employers retain employees- as a condition. NZ eg. 3. Social protection nets to be in place (also for redundant workers and their families ( social insurance, unemployment insurance?) 4. Universal Basic Income Guarantee ILO agenda 5. Incentives (compulsory?) for household savings plan- DI-S=C. 6. Taxation: progressive tax rate above the threshold for PI.
Some ideas to consider Some ideas to consider 7. Removal of VAT from basic food items 8. Re-look at affordable housing schemes - informal settlements/displacement major portion of DI is rent costs 9. Develop and decentralize employment/information and advisory services for (redundant) workers.
Some ideas to consider Some ideas to consider 10. Invest in re-skilling/up-skilling ( upgrading) of redundant and future workers for new industries and innovative jobs for post COVID, transformation from workers to entrepreneurs-job creators 11. Incentives for smaller business start ups with priority for affected workers, eg. Access to finance, access to training and business advisory services, relax regulatory provisions to obtain business license and operating from home, etc 12. Focus on agricultural based industries (stimulate local economy and self sufficiency) minimize imports ( frozen vegetables, local processing and packaging) 13. FNPF membership for all workers, self employed mandatory inclusion.
