Fiji’s People’s Coalition Government is set to announce its third national budget, aiming to bolster infrastructure, support vulnerable communities, and enhance private sector confidence, according to Deputy Prime Minister and Finance Minister Professor Biman Prasad. Ahead of the budget announcement, Prasad stated that this budget will build upon the strategic priorities established in the first two budgets since the coalition took power in 2022.
The forthcoming budget is focused on addressing critical deficits in areas like health, education, water, and roads. Prasad emphasized the growth achieved over the past two and a half years, while acknowledging that significant challenges still lie ahead. He outlined three strategic pillars: bridging infrastructure gaps, supporting vulnerable citizens, and stabilizing public finances to foster investment and growth.
Highlighting past measures, Prasad noted the increase in social welfare allowances, minimum wage adjustments, and subsidies for farmers, which have collectively aimed to ease the cost of living challenges faced by many Fijians. These initiatives reflect a commitment to addressing the needs of the most affected communities, a cornerstone of the government’s strategy.
On the economic front, positive trends such as a drop in inflation — with rates reported at 1.3% in 2024 and 0.1% in May 2025, down from 5.1% in 2023 — were highlighted as indicators of success in the government’s fiscal management. However, the budget is being prepared against a backdrop of global economic uncertainty, influenced by geopolitical conflicts and trade tensions, which could negatively impact small economies like Fiji.
Prasad expressed the importance of public engagement in policymaking, thanking citizens for their feedback during pre-budget consultations. He reassured that the upcoming budget would be crafted with input from the community, aiming to foster trust and confidence among the populace and potential investors.
With a focus on resilience and sustainable growth, the upcoming budget is positioned to not only address immediate needs but also lay the groundwork for Fiji’s long-term economic stability and prosperity. This collaborative approach marks a significant step towards responsive governance that prioritizes the welfare of all citizens.
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