Labasa Chamber says Budget strengthens business confidence

Northern businesses are pinning their hopes on continued investment in infrastructure, tourism and the sugar industry to drive economic growth, create jobs and unlock new opportunities following the Coalition Government's 2026-2027 National Budget.

The Labasa Chamber of Commerce and Industries said the Budget provided a disciplined and responsible fiscal framework that would help strengthen business confidence despite ongoing global economic uncertainty.

Chamber president Vinesh Dayal said the Budget's focus on fiscal restraint, infrastructure investment and a stable tax environment would provide greater certainty for businesses and investors.

"We appreciate the decision to maintain a stable tax environment, prioritise infrastructure investment, exercise fiscal restraint and place the private sector at the centre of future economic growth.

"These are positive signals that will help strengthen investor confidence and create a more sustainable economy," Mr Dayal said.

He said the chamber remained optimistic that continued Government investment in the North would deliver long-term benefits.

"For the North, we remain hopeful that continued investment in infrastructure, tourism and the revitalisation of the sugar industry will unlock greater opportunities for businesses, create jobs and deliver lasting economic benefits for our communities."

The chamber also welcomed the Government's commitment to positioning the private sector as a key driver of economic growth, saying the approach would support long-term economic stability and encourage further investment in the Northern Division.