Answer to Question #243340 in Microeconomics for Graylin Lapi

Question

As announced in the 2021-2022 National Budget, the Fijian Government is supporting formal and informal sector employees on Viti Levu who are affected by the pandemic through monthly payments of $120 for a period of six months (August 2021 – January 2022). The Fiji Sun dated 23^rd August, 2021 reports “Attorney-General and Minister for Economy yesterday tweeted that: “Days ahead of schedule, we have met the once-in-a-century COVID-19 crisis with one of the largest assistance payouts in history. $72m was paid in unemployment benefits to 200,000 Fijians. In the coming days, we’ll reach 60,000 more bringing the total payout to around $94m.”

Discuss the ways in formal and informal employees benefits from this COVID-19 Unemployment Assistance from the Fijian Government.

Answer 1

Both formal and informal employees are able to benefit from COVID-19 Unemployment Assistance from the Fijian Government since they can use the assistance for their daily survival. Many emloyees have lost their source of livelihood and throug their assistance they are able to afford a living and mantain their standards of living.