Deputy Prime Minister and Minister of Finance, Professor Biman Prasad, addressed the complexities of politics and economics during the Fiji Trades Union Congress National Council Meeting in Suva. He remarked that good politics does not always equate to good economics, nor does good policy necessarily translate into sound political strategy. This observation comes as he reflected on his decade-long journey from academia to the political arena, noting the unique insights gained especially during his tenure in opposition.
Prasad highlighted that while his government has been in power for only two and a half years and has delivered three budgets, the success of their policies, particularly the recent budget, has been well-received. He recognized the high expectations placed on the Coalition Government following a challenging 16-year prior period and emphasized the importance of collaboration with various sectors, including NGOs and unions, to refine policies effectively.
In earlier discussions, Professor Prasad stressed the government’s commitment to sustainable development, highlighting that the coalition is focused on implementing policies not to gain electoral favor, but to address pressing societal issues such as the rising cost of living. He noted their efforts to provide financial assistance, such as the allocation of $50 million to aid over 214,000 students, as indicative of his administration’s responsiveness to public needs.
Overall, Professor Prasad’s comments reflect a proactive and inclusive approach aimed at fostering trust and improving living standards. He expressed confidence in the direction of the government’s efforts, stating that by continuing to refine their economic model, the government is setting a foundation for future growth and stability in Fiji’s economy.
This positive outlook is crucial as the government navigates challenges, reaffirming its commitment to enhancing the well-being of all citizens, particularly the most vulnerable populations. The focus on effective policy delivery paves the way for potential improvements in public sentiment and economic conditions moving forward.
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