Cabinet has endorsed the Fiscal Strategy for the 2024 – 2025 financial year.

This was done by Section 12 of the Financial Management Act 2004 which requires the Minister responsible for Finance to submit a medium-term fiscal strategy to the Cabinet, before tabling in Parliament.

In a statement, the Coalition Government says after it was sworn into office in December 2022, they are following through on its objective to restore financial discipline, rebuild fiscal buffers, and put the public debt situation on a path of sustainability while reshaping Fiji’s economic policies.

They say apart from addressing the fiscal situation, the Coalition Government must carefully balance supporting economic recovery and investing in infrastructure maintenance and development, while being mindful of its obligation to provide improved public services such as health, water, sanitation, social protection, education, and national security.

The 2024 – 2025 Fiscal Strategy will be tabled at the next sitting of Parliament.