AGP Executive Report
Last update: 8 hours agoYachting: Fiji welcomed 824 international yachts in 2025, generating $57.4 million for the economy, including $52 million in direct visitor spending. The Government is reviewing clearance fees and paperwork to address long-running industry concerns. Public Finances: The Finance Minister says there is little room for further spending cuts this year. Debt stood at $11.6 billion in September and is projected to reach $12.6 billion, or 84.8% of GDP, by next July. Water and Tourism: El Niño has pushed 19 of 44 monitored water sources to critical levels, with about 24,600 people on intermittent supply or relying on water deliveries. Tourism operators are being urged to review water plans. Fisheries: Warming seas could shift tuna stocks east and cost the region an estimated US$93 million a year, adding pressure to Fiji’s fishing industry and PAFCO. Energy Costs: Electricity fuel surcharges will continue until December, while a tariff increase is deferred until March 2027. Remittances: Money sent home reached $1.2 billion in the first eight months of the year.
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