COVID-19 economic solutions

Nayagodamu Korovou, Caubati

We have faced one of the hardest times of our economic progress and most families are facing the hardest time of their life in trying to provide for their families.

These are some suggestions that may help us during this time.

Here are two suggestions below:

1. All people who work to agree to deduct 0.01 per cent of their salary/wages towards a tax called COVID-19 basic food tax. We can use this money to reduce the price of basic food items;

2. Voluntary early retirement for those who have reached 50 years old. They will get their FNPF savings to be able to start their business. This will create employments for the younger generation and increase money floating in the economy.