Opposition MP Faiyaz Koya has raised serious concerns regarding the 2025-2026 budget, claiming it is fundamentally constructed on borrowed money, leading to a predicted deficit of nearly $900 million. Speaking in Parliament, he described the government’s financial strategy as a “fantastically contradictory” effort that ignores economic realities and fiscal responsibility. Koya emphasized that while the budget is adorned with promotional language suggesting security and prosperity, it ultimately relies on “wishful promises” rather than tangible fiscal planning.
He criticized the government’s past stance against debt, highlighting their campaign rhetoric that framed borrowing as a path to financial doom. Koya’s comments resonate with critiques from other opposition figures, such as Premila Kumar and Sachida Nand, who have similarly outlined how recent budgets lack transparency, fail to address critical needs, and disproportionately affect ordinary Fijians, who are already struggling with rising living costs.
Koya further pointed out that the budget neglects vital sectors necessary for sustainable growth, including agriculture and manufacturing, which are essential for job creation and food security in Fiji. His insistence on accountability echoes sentiments from previous debates, where opposition members underscored the importance of wise fiscal management to avoid exacerbating inequality between the wealthy and the poor.
Despite these challenges, there remains hope as the ongoing discussions could prompt the government to reconsider its budgeting approach. Engaging in meaningful dialogue with opposition leaders and addressing public concerns could pave the way for future economic strategies that genuinely reflect the needs of all Fijians, ultimately leading to enhanced stability and growth.
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