Deputy Prime Minister and Minister for Finance Hon. Biman Prasad has reaffirmed that Fiji’s national budget is more than just an economic exercise — it is a political statement shaped by the values of democracy, transparency, and public participation.
Speaking at the National Budget Forum: The People’s Dialogue in Suva, DPM Prasad said the government’s approach to the budget process is grounded in openness and inclusivity, with a strong focus on working with partners outside of government.
“Budgets are not just economic processes — they are central political processes,” he said.
“Our approach is shaped by fundamental principles: democracy, media freedom, human rights, and public engagement.”
He highlighted the government’s consistent efforts since taking office — including repealing restrictive media laws, convening the National Economic Summit, and forming the Fiscal Review Committee — to ensure people are not only heard but involved in shaping national policies.
DPM Prasad outlined key achievements from the last two budgets, including revenue reforms that increased funding for social welfare, education, and healthcare.
In the third budget, he said the focus remains on addressing infrastructure gaps, easing cost-of-living pressures, and preparing for global economic uncertainties.
Measures include reducing VAT from 15% to 12.5%, cutting duties on essential food items, increasing social welfare payments by 5%, and investing in major health projects such as the upgrade of CWM Hospital and a transitional plan for a new mental health facility.
“We’re planning ahead, not reacting. This budget anticipates potential global slowdowns and continues to strengthen key services,” DPM Prasad said.
He also acknowledged development partners including Australia, New Zealand, and the World Bank for their support in helping rebuild Fiji’s critical infrastructure.
Hosted by Dialogue Fiji, the forum brought together voices from civil society, business, and grassroots communities to directly engage with government leaders on the 2025–2026 Budget.
“This is how democracy should work,” DPM Prasad concluded.
“Our budgets are shaped by real voices, real needs, and a shared vision for a stronger Fiji.”