The Coalition Government has reaffirmed its commitment to fostering sustainable economic growth and financial resilience as it prepares for the 2024-2025 national budget.
In a strategic move, Deputy Prime Minister and Acting Minister for Defence and Veterans Affairs, Prof. Biman Prasad, convened a high-level Donor Roundtable Meeting at the Novotel Convention Centre in Lami Bay on 26 February 2024.
Addressing development partners, DPM Prasad emphasised that the government’s vision extends beyond financial stability, focusing on economic expansion, job creation, and income generation.
“This is the path to prudent financial, fiscal, and economic management, and one that the Coalition Government is dedicated to pursuing for the benefit of all Fijians.”
With the national budget in its preparatory phase, the meeting served as a crucial platform for dialogue and collaboration. DPM Prasad acknowledged Fiji’s bilateral and development partners for their unwavering support in driving infrastructure development, human resource capacity-building, and long-term economic sustainability.
He highlighted the government’s focus on strengthening partnerships rooted in mutual respect and meaningful cooperation. Strategic investments in key sectors—including education, health, infrastructure, and environmental sustainability—remain at the core of Fiji’s development agenda.
Fiji’s post-pandemic economic recovery has been remarkable, with an estimated GDP growth of 3.8% in 2024. By the end of the year, the economy is expected to fully recover, surpassing pre-pandemic levels recorded in 2019. However, DPM Prasad underscored the need for continued financial discipline, rebuilding fiscal buffers, and ensuring public debt remains on a sustainable trajectory.
Describing the upcoming national budget as a reflection of the Coalition Government’s dedication to prudent fiscal management, DPM Prasad reassured stakeholders that investments in critical sectors would drive long-term prosperity.
“Our commitment remains firm—no Fijian will be left behind in our pursuit of sustainable development.”
Concluding the roundtable, DPM Prasad extended his gratitude to development partners, expressing confidence that a collaborative and consultative approach will lead to tangible, transformative outcomes for Fiji’s future.
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