There will be a five percent increase on the alcohol and tobacco excise duties.

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.