The Fiji Commerce and Employers Federation hosted a post-budget breakfast event to discuss the rationale and long-term objectives of the Government’s 2025-2026 National Budget. Taking place shortly after the budget announcement, the event provided a platform for business leaders, development partners, and government officials to gain insights into how the new budget is poised to foster sustainable growth, enhance investment opportunities, and fortify public finances.
During the gathering, Deputy Prime Minister and Finance Minister Professor Biman Prasad outlined that the budget builds on the accomplishments of the previous two years and aligns with a comprehensive economic governance strategy aimed at nurturing fiscal sustainability. He pointed out that recent indicators, such as the government revenue collection surpassing forecasts for the first time in two years, signify a well-assessed fiscal position.
Professor Prasad noted significant increases in welfare payments and support for agriculture and small and medium enterprises (SMEs), which collectively contributed to an estimated growth rate of about 4%. He emphasized that the budget’s strategy includes a boost in spending directed towards infrastructure development and key projects expected to stimulate further economic advancement.
The overarching objective of these efforts is to maintain a sustainable debt-to-GDP ratio while addressing critical social infrastructure, including health and education. Prasad’s enthusiasm for the budget reflects a broader commitment to ensure that all Fijians benefit from the improvements and investments being made, signaling a promising outlook for the nation’s economic future.
The event also underscored the ongoing dialogue between the government and the community, as the government seeks to integrate feedback from citizens into budget planning—a common theme in previous budgets focused on transparency and inclusive governance. This collaborative engagement demonstrates a hopeful narrative for the Fijian economy, positioning it to face global challenges while uplifting the lives of its citizens.
The sentiment of optimism and community involvement reinforces a sense of shared purpose among stakeholders, fostering a cooperative framework that aims to enhance Fiji’s economic resilience and societal well-being.
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