Fiji’s overall net deficit for the financial year 2023 -2024 has reduced by almost 50 percent.

The Coalition Government is scaling up the investment in the water sector with an increased budget of $250.8 million.

The National Budget address in Parliament by Professor Biman Prasad:

The People’s Coalition government is adopting strategies to better address the impacts of climate change in the country.

Finance Minister, Professor Biman Prasad says the coalition government inherited a national health system that is on the verge of collapse.

Finance Minister, Professor Biman Prasad says the government must find a staggering one billion dollars to service the public debt of close to $10 billion in the upcoming financial year.

The Government’s total expenditure is $4.3 billion with a projected revenue of $3.7 billion.

The Coalition government states that the economy is in a recovery mode and is therefore positioned to rebuild its fiscal buffers through a strategically crafted fiscal consolidation plan.

The U.S. Agency for International Development (USAID) is currently rolling out a five-year program worth $70 million, in twelve Pacific island countries, including Fiji.

Trade Minister Manoa Kamikamica outlines their ministry’s focus on promoting investment as their primary national budget submission, signalling a strong commitment to bolstering the country’s economy.

All eyes will be on the 2023–2024 national budget announcement, as the government will need to find a way to address Fiji’s fiscal crisis.

Fijian Competition and Consumer Commission Chief Executive, Joel Abraham says there’s always going to be an issue of scarcity as there will not be enough revenue for what the government wants to do.