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Debt projected to hit $11.37 billion ahead of election

Fiji's national debt is projected to climb to $11.37 billion by the end of July, according to the Government's Pre-Election Economic and Fiscal Update. The report forecasts total Government debt will reach $11.373 billion, equivalent to 80.9 per cent of Gross Domestic Product (GDP), comprising $7.529 billion in domestic debt and $3.844 billion in external debt. While the debt level remains below the peak recorded during the COVID-19 recovery period, the report acknowledges that Government debt remains elevated. [....]