Fiji Government Targets 75% Debt-to-GDP Ratio in Two Years

The Government of Fiji has set a target to reduce the national debt level to 75% of Gross Domestic Product (GDP) within the next two years.

This was announced by Deputy Prime Minister and Minister for Finance, Hon. Biman Prasad, in Parliament last week.

According to Prasad, Fiji’s debt levels have already declined significantly, falling from over 90% of GDP in 2022 to 78% as of early 2025.

He emphasized that the government remains committed to fiscal discipline and economic stability.

“Inflation was at an all-time low of 1.3% in 2024 and 1.4% in February 2025,” Prasad stated. “While the path to economic resilience requires difficult choices, our actions are ensuring a more stable and prosperous future for all Fijians.”