The government is not tailoring its national budgets to win over voters for the 2026 elections, says Finance Minister Professor Biman Prasad.
In an interview on The Lens@177, Prof Prasad explained that the new budget has been well-received across various sectors of the economy.
“When we assumed office, we quickly realized that people were struggling, including our children and parents,” he remarked.
“We allocated $50 million shortly after taking office, providing $200 each to more than 214,000 students.”
“The immediate impact was significant. We did this without considering the next election. Critics claimed it was an election budget two years before the election.”
Prof Prasad emphasized that as Finance Minister, he is not focused on the next election.
He stated that his current priority is ensuring the Government adopts sustainable policies.
Additionally, he mentioned that if the Government had not taken the measures it did in previous budgets, the financial strain on the people would have been much worse.
He noted that the additional income from VAT increases has been used to improve hospitals, schools, infrastructure, and provide income support.
“We also tax the wealthy,” he said.
“Corporate tax was increased from 20 to 25 percent. We understand that paying taxes is difficult. Nobody likes it.”
“People with lower incomes need Government support. That is the group we focused on in the last budget and this one, along with everyone else.”
Prof Prasad concluded that the budget is not related to the election but instead aims to tackle fundamental issues like the rising cost of living by addressing income disparities.
“The options from government policy and tax policy are limited. This is the best approach for any responsible government dealing with this issue.”
“This is a significant budget for the people of Fiji that will set the country on a path to sustained growth.”
“Looking ahead, we expect more investments and will be in a much stronger position.”