Fiji To Spend $4.8 Billion Despite Growing Budget Deficit

Fiji To Spend $4.8 Billion Despite Growing Budget Deficit

Fiji’s Deputy Prime Minister and Minister for Finance Biman Prasad has revealed the small Pacific nation will spend FJ$4.8 billion (US$2 billion) in this year’s budget. It means each of its approximately 933,000 citizens gets around $5,145—almost the same as the Australian federal budget allocates to each of its citizens. But unlike resource-rich Australia, the Fijian economy derives most of its income from tourism, agriculture, and remittances …

Fiji sees investment boost

Deputy Prime Minister and Minister for Finance Professor Biman Prasad says Fiji is experiencing an increase in investment confidence, with $5.8 billion worth of projects either underway, completed, or in the pipeline. Professor Prasad says this demonstrates strong confidence in the government’s economic management and growth strategy. He emphasizes that this investment momentum is rooted […]

Fiji’s Dr Prasad unveils $4.8b budget as deficit widens

By Kaya Selby, RNZ Pacific journalist The Fiji government is spending big on this year’s budget. The country’s Deputy Prime Minister and Minister for Finance, Biman Prasad, unveiled a FJ$4.8 billion (about NZ$3.5 billion) spending package, complete with cost of living measures and fiscal stimulus, to the Fijian Parliament on Friday. This is about F$280 million more than last year, with the deficit widening to around $886 million. READ MORE: Oth…