Deputy Prime Minister and Minister for Finance, Professor Biman Prasad has announced an expansionary 2025/2026 National Budget with a total revenue of $3.9 billion and total expenditure of $4.8 billion. This is a net deficit of $886 million.
Based on this, government debt is projected at $11.7 billion - around 79.8% of GDP.
Professor Prasad says this is about 10% lower than what the coalition government inherited in 2023.
He says the expansionary fiscal stance is deliberate to protect our people.
