The Coalition Government of Fiji has reaffirmed its commitment to ensuring financial stability and promoting economic growth as preparations for the 2024-2025 national budget are underway. This dedication was highlighted during a Donor Round-table Meeting at the Novotel Convention Centre in Lami Bay, which brought together key development partners to discuss Fiji’s strategic priorities.
Deputy Prime Minister and Acting Minister for Defence and Veterans Affairs, Biman Prasad, emphasized the critical role of collaboration among stakeholders in achieving national development goals. He underscored the necessity for investments in essential sectors, including education, healthcare, infrastructure, and environmental sustainability.
“Our government is committed to standing strong and resilient, ensuring that no Fijian is left behind,” Prasad stated, reflecting the government’s approach. He also shared an optimistic view of Fiji’s economic recovery from the pandemic, projecting GDP growth of 3.8% for 2024, which is expected to surpass pre-pandemic levels by year’s end.
The Coalition Government’s key priorities also include restoring financial discipline, rebuilding fiscal reserves, managing public debt, and transitioning economic policies toward sustainable growth. Prasad indicated that the upcoming budget would focus on maintaining a balance between responsible fiscal management and investments aimed at enhancing the well-being of all Fijians.
In previous discussions, Prasad highlighted that the government has actively engaged with community needs, implementing measures such as tax reforms and reducing the debt-to-GDP ratio to strengthen fiscal responsibility and boost economic resilience. The tourism sector, a major contributor to Fiji’s economy, alongside other strategic initiatives, is pivotal for driving this positive recovery.
In conclusion, the government’s renewed commitment to financial stability and inclusive growth creates a hopeful outlook for Fiji, positioning the nation to navigate ongoing global economic challenges while ensuring a prosperous future for all its citizens.
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