SUVA, FIJI — The Government has reaffirmed its commitment to close partnership with the private sector as a central driver of economic growth, stability and job creation, during a Breakfast Talanoa hosted by the Fiji Commerce and Employers Federation (FCEF) this morning at the Grand Pacific Hotel.
Speaking at the event, the Minister for Finance, Commerce and Business Development, Hon. Esrom Yosef Immanuel, highlighted the importance of sustained dialogue, consultation and collaboration between Government and businesses of all sizes, including MSMEs, to navigate an increasingly uncertain global economic environment.
The Minister provided an update on global and domestic economic conditions, noting that while geopolitical tensions and external shocks continue to pose risks, Fiji’s economy has shown resilience, with growth of 3.4 percent in 2025, strong tax collections, record remittance inflows, a sound financial system and stable foreign reserves.
He acknowledged challenges facing key sectors, particularly tourism, and underscored the need to improve competitiveness, manage costs, and strengthen governance and institutional effectiveness.
The Minister also outlined Government’s forward agenda, including prudent fiscal and debt management, measures to address cost-of-living pressures, reforms to improve the ease of doing business, and targeted investment in infrastructure and human capital.
Reaffirming that Government alone cannot be the engine of growth, the Minister stressed that sustainable economic expansion must be led by a dynamic, innovative and competitive private sector, supported by sound policies, efficient regulation and macroeconomic stability.
The Minister also announced that preparations for the 2026–2027 National Budget have commenced and encouraged FCEF and the wider private sector to actively participate in upcoming budget consultations and submit proposals to the Ministry of Finance.
He concluded by emphasizing that execution and implementation of reforms will be critical to delivering jobs, higher incomes and improved living standards for all Fijians.
