Debt to GDP Ratio to Hit 78pc, Says Prasad

Debt to GDP ratio to hit 78pc, says Prasad

Fiji’s debt to GDP ratio could fall to around 78 percent by July, says Finance Minister Professor Biman Prasad. He told the Nadi Chamber of Commerce 2025 Business Forum this was made possible by a robust economic recovery. “Inflation fell to minus 0.9 percent in April 2025, down from 7.1 percent a year ago, marking the lowest level since May 2021,” Prof Prasad said. “This decline was driven by lower prices in food and non-alcoholic beverages, tr…

Budget | Fitch questions Treasury’s fiscal consolidation narrative – Moonstone Information Refinery

Fitch Ratings disagrees with National Treasury’s forecast that government debt will be brought under control this year. The Budget Overview published last week states that the gross debt-to-GDP ratio will hit its highest point this fiscal year (2025/26) at 77.4%. This is an upward revision from the 76.2% forecast in the second version of the Budget, in March. Fitch Ratings, however, foresees that government debt will continue to climb for the ne…

2025 Budget 3.0 Review

2025 Budget 3.0 Review