Fiji’s Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, addressed the rising cost of living during his recent statements at the Nadi Chamber of Commerce and Industry Business Forum. He acknowledged that families are “feeling the pinch,” a sentiment echoed by several residents expressing concerns over inadequate infrastructure and stagnant wages.
Prasad announced that the 2025-2026 budget would be characterized by efficiency, inclusivity, and results-oriented approaches aimed at improving public service delivery. He noted that “the government must now spend more carefully” and emphasized the importance of transparency and seeing tangible value from public spending.
Key features of the upcoming budget will include measures for relief and support to help citizens cope with escalating living costs. This includes ongoing discussions on necessary investments in healthcare, education, and infrastructure to address the issues highlighted by citizens. Furthermore, the Finance Minister expressed the government’s readiness to work collaboratively with the private sector, reinforcing a commitment to economic growth.
In light of previous initiatives, like the removal of VAT on essential items, Prasad’s remarks signify a continued effort toward uplifting Fijians amidst external pressures. As the government prepares for upcoming budget consultations, the approach reflects a broader strategy focused on engaging citizens and fostering a cooperative relationship between the government and the community, eliminating barriers and facilitating economic inclusivity.
This commitment to collaboration and transparency is promising for the future, as it lays a hopeful foundation for economic stability and the well-being of all Fijians. Through strategic financial planning and engagement with various sectors, there’s optimism for a resilient economy that responds to the falling living standards and nurtures sustainable growth.
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