Spending explained but no wealth creation in Budget: Koya

Fiji's 2026-2027 budget adequately details government spending plans but fails to adequately explain how the nation intends to generate wealth, according to opposition parliamentarian Faiyaz Koya. Speaking during the budget debate in the House, Koya pointed to concerns raised by the International Monetary Fund (IMF) regarding labor shortages and outward migration as significant constraints on Fiji's future economic growth and productivity.

Koya emphasized that these issues should be a serious concern for all members of Parliament. He explained that when skilled individuals leave the country, businesses face difficulties in finding qualified workers, leading to decreased productivity and a slowdown in economic growth. This situation puts pressure on government revenues, increasing reliance on borrowing to fund essential services and development projects.

The parliamentarian argued that Fiji's challenge extends beyond merely retaining its population. He stated that the nation must build an economy that provides citizens with compelling reasons to remain. This includes offering quality jobs, rewarding hard work with competitive wages, and fostering opportunities for innovation, entrepreneurship, and professional advancement. Ultimately, Koya believes such an economy would instill confidence in young people that their future can be built within Fiji.

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The challenge for Fiji is much greater than simply retaining people. He says it is about building an economy that gives people a compelling reason to remain, offers quality jobs and rewards hard work with high wages. Koya says it also creates opportunities for innovation, entrepreneurship and professional growth and gives young people the confidence that their future can be built in Fiji.