Government pushes for profitable companies and reduced dependency on grants

We want our government statutory companies and commercial entities to be financially viable and profitable.

This was highlighted by Assistant Minister in the Office of the Prime Minister Sakiusa Tubuna during his recent trip to the Northern Division.

Tubuna highlighted the government's stance on promoting financial sustainability and reducing dependence on government grants for both statutory companies and commercial enterprises and stresses the importance of these entities being profitable and self-sustaining, contributing to the overall economic growth of Fiji.

He says the government aims to create an environment conducive to business success, fostering growth and innovation across sectors.

He further says this approach ensures that these companies and commercial enterprises can effectively fulfill their mandates, delivery services, and contribute to the development of the nation without relying heavily on taxpayers’ funds.

Tubuna says by encouraging companies to operate efficiently and generate profits, the government seeks to improve service delivery, expand job opportunities, and elevate the overall economic well-being of the country.

He further says the government believes that a financially healthy private sector, including government statutory companies, is crucial for driving economic progress.

The Assistant Minister reiterated that while the government is committed to supporting essential services and strategic projects, it aims to strike a balance between necessary funding and encouraging financial autonomy for various enterprises.

Tubuna says by incentivizing self-sufficiency, Fiji can build a more robust and resilient economy capable of navigating challenges and seizing opportunities in a global context.

He adds profitable businesses are better equipped to invest in modern technologies, infrastructure, and employee development, leading to increased competitiveness and productivity.

Tubuna says as we forge ahead, the government looks forward to seeing a dynamic and prosperous business landscape that contributes significantly to Fiji's growth and development.

He says the government is confident that a vibrant private sector, working in tandem with them, will pave the way for a more prosperous and sustainable future for all Fijians.

During his Northern tour, Tubuna visited the Food Processors -Fiji Limited facility in Batiri, the Fiji Rice plant in Dreketi, and the Fiji Coconut Millers PTE Limited in Savusavu.