The 2025-2026 National Budget has been labeled a “panic budget” by Inia Seruiratu, the Leader of the Opposition, who asserts that it lacks the necessary economic foresight. During a recent parliamentary session, Seruiratu criticized the coalition government’s fiscal strategy, describing it as irresponsible and a deviation from what is needed for long-term financial health.
He highlighted the significant proposed expenditure of $4.8 billion, which exceeds the $3.9 billion revenue forecasts, suggesting that this approach could lead to increased debt levels and economic instability. Seruiratu insisted on the importance of maintaining a sustainable debt-to-GDP ratio, advocating for a target below 60% over the next decade. He emphasized that this focus should take precedence over partisan politics, stressing the need for the government to prioritize effective management of expenditures.
In addressing the pressing issue of poverty, which affects approximately 29.9% of Fiji’s population, Seruiratu pointed to the necessity of creating more robust strategies to combat economic hardship while aligning with the United Nations’ Sustainable Development Goals. He called for combined efforts from communities, private sectors, and non-governmental organizations to address both the immediate and long-term challenges that persist.
Seruiratu acknowledged some positive initiatives within the budget aimed at reducing the cost of living, particularly the establishment of a Joint Enforcement Task Force to monitor pricing. However, he maintained that more comprehensive and proactive measures are needed to genuinely alleviate the economic pressures facing many Fijians.
Similar articles have echoed these sentiments, with other opposition members also criticizing the budget for focusing on short-term electoral gains rather than long-term structural solutions. Such discussions underline the importance of creating strategic, effective economic policies that support all sectors of society and aim to improve the quality of life for every citizen.
Despite the criticisms, the acknowledgment of initiatives aimed at easing the cost of living represents a glimmer of hope. As the government navigates these fiscal challenges, constructive dialogues may pave the way for a comprehensive approach that uplifts communities and enhances economic well-being. By continuing to engage with various sectors for solutions, there is potential for fostering a more stable and prosperous future for Fiji.
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