A deficit of $112.3 million was recorded on Fiji’s balance on current and capital account for the September quarter this year, a decline from a surplus of $23.3m recorded a year earlier.
This was mainly driven by an increase in imports of machinery and transport equipment, and decreases in exports of food and live animals, re-exports of mineral fuels, lubricants and related materials, and personal transfers received from abroad.
The balance on financial account also recorded a deficit of $71.9m in the same quarter compared to a deficit of $92.5m a year earlier; attributed to a decrease in loans and trade credit and advances paid abroad, and an increase in equity and investment fund shares received from abroad.
In its balance of payment statistics for the September 2025 quarter released this month, the Fiji Bureau of Statistics (FBoS) said the current account balance showed a net outflow of $113.6m.
FBoS chief executive Kemueli Naiqama said the net outflow of current account fell by $136.1m (604.9 per cent) when compared to the September 2024 quarter of $22.5m.
Under the current account, balance on goods and services recorded a deficit of $175.8m, balance on primary income recorded an improved deficit of $151.8m due to an increase in investment income received from abroad, and balance on secondary income recorded a decreased surplus of $214m – attributed to a decrease in personal transfers received from abroad.
The capital account balance showed a net inflow of $1.3m.
“The net inflow of capital account balance rose by 62.5 per cent ($0.5m) when compared to the September quarter of 2024 ($0.8m),” Mr Naiqama said.
“The financial account balance showed a net borrowing of $71.9m, which consisted of net outflows of $24.3m in equity and $47.6m in debt for the September quarter of 2025.
“The net financial account balance improved by 22.3 per cent ($20.6m) when compared to the September quarter of 2024.”
In the country’s financial accounts, direct investment recorded a net outflow of $87.4m due to decrease investment income received from abroad; portfolio investment recorded a net inflow of $65.1m due to an increase in equity and investment fund shares received from abroad; other investment recorded a net outflow of $133.6m attributed to a decrease in loans and trade credit and advances paid abroad; and reserve assets – net inflow of $84.0m due to a decrease in the inflows of other reserve assets.
