The Cabinet has endorsed the 2024 – 2025 Fiscal Strategy which will be tabled at the next sitting of Parliament.
The Cabinet held its second meeting for the year on Tuesday.
They say Section 12 of the Financial Management Act 2004 (FMA) requires the Minister responsible for Finance to table a medium-term fiscal strategy to Cabinet, before tabling in Parliament, thus the Financial Year 2024 –2025 Fiscal Strategy was considered and approved.
They say the Coalition Government, after it was sworn into office in December 2022, is 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.
The government says apart from addressing the fiscal situation, it 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 for health, water, sanitation, social protection, education and national security.
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