The Fiji Labour Party (FLP) has reported an operating loss of $7,649 for the 2024 financial year, according to its recent financial statement submitted to the Fijian Elections Office on March 19. The party generated an income totaling $32,664, but its expenses reached $40,313, primarily attributed to significant costs such as $20,000 in office rent, $6,820 in salaries, and $3,024 for office repairs and maintenance.
During the same financial period, FLP managed to obtain $27,275 through donations and collected an additional $4,500 as a levy. Notably, a list of donors was submitted to the Registrar of Political Parties as of January 31, 2025. By the end of December 2024, the party’s cash reserves amounted to $36,599, comprising $1,500 in bonds, $34,361 in a Bank of Baroda account, and $738 cash on hand.
This loss contrasts sharply with the financial situation of other political parties in Fiji. For instance, the Peoples Alliance Party reported a much larger financial loss of $143,492 for the same fiscal year, with total expenditures reaching nearly $500,000. As Fijian political parties prepare for the upcoming elections, managing finances becomes increasingly critical.
The FLP’s financial results, while reflecting challenges, also indicate areas for potential improvement in fundraising and expense management. Such difficulties may serve as an impetus for the party to rethink its financial strategies as it approaches the 2026 General Elections, allowing space for new initiatives to engage with constituents and bolster support.
In these turbulent financial times where many organizations face operational setbacks, the FLP’s focus on increasing transparency and enhancing relationships with donors can pave the way to better financial health and community trust in the future.
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