The government is not crafting its national budgets to win over voters ahead of the 2026 elections, says Finance Minister Professor Biman Prasad.
In an interview on The Lens@177, Prof. Prasad mentioned that the new budget had been well-received across various economic sectors.
“When we assumed office, within a month, we realized that people, including our children and parents, were struggling,” he said.
“We immediately allocated $50 million after taking office and provided $200 each to over 214,000 students.”
“The impact was significant. This wasn’t done with an eye on the next election. Some critics claimed it was an election budget two years early.”
Prof. Prasad stated this action demonstrated that, as Finance Minister, he was not focused on the upcoming election.
He emphasized that while he might consider it later, his current priority was ensuring sustainable government policies.
Furthermore, Prof. Prasad noted that the measures taken in previous budgets were essential to mitigate greater hardships for the populace.
He explained that the additional income from VAT increases had been used to improve hospitals, schools, infrastructure, and provide income support.
“We tax the wealthy too,” he remarked.
“Corporate tax increased from 20 to 25 percent. We understand how tough it is—nobody wants to pay taxes.”
“Those with lower incomes need government support. And that was our focus in the last and current budgets, in addition to everyone else.”
Prof. Prasad reiterated that the budget was not about the election but rather addressed fundamental issues like the rising cost of living by focusing on income.
“Government policy options, especially regarding taxes, are limited. This is the best approach for any credible government tackling these issues.”
“This is a great budget for the people of Fiji. It will help put the country back on a path of sustained growth.”
“Looking forward, we are attracting more investments and will be in a much better position.”
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