SODELPA’s Financial Resilience: Profit Amid Challenges?

The Social Democratic Liberal Party (SODELPA) has reported an operating profit of $57,389 for the financial year ending December 31, 2024, as detailed in its recent audited financial accounts submitted to the Fijian Elections Office. The financial statements reveal that SODELPA received a total of $345,906, primarily from a parliamentary grant amounting to $325,000, alongside $11,695 generated through fundraising efforts and $3,547 in donations.

The party’s expenditures for the year totaled $288,517. This included $75,225 allocated for salaries and allowances, $53,815 for management board and working committee meetings, and $30,000 in salaries and allowances for the previous years. SODELPA also reported cash reserves of $122,962, comprised of $111,674 held at Bred Bank and $10,843 at ANZ Bank, along with $445 in cash on hand. The party’s total assets have been valued at $147,410.

While SODELPA’s financial results show an operating profit, it’s worth noting that recent articles have highlighted some financial concerns within the party, such as outstanding debts and discrepancies raised by the auditing firm responsible for its financial report. The firm I. Naiveli & Co. did not attend SODELPA’s recent Annual General Meeting (AGM), prompting questions about the party’s financial management and transparency.

However, the engagement of over 400 supporters at the AGM demonstrates a robust commitment to unity and transparency within SODELPA, reflecting a strong base of support. Party Leader Aseri Radrodro has emphasized the importance of resolving financial discrepancies before finalizing the accounts, indicating a proactive approach to maintaining trust with supporters as the party prepares for the 2026 General Election.

This positive engagement and a focus on addressing financial challenges suggest that SODELPA is navigating its current situation with optimism and resilience. As the political landscape continues to shift in Fiji, the party’s efforts to stabilize its finances and strengthen its connections with constituents are essential for fostering a sustainable future in governance and shaping an inclusive political environment.