Government tables $1.26 trillion budget
Published:Thursday | February 13, 2025 | 5:22 PM
The Government is planning to spend $1.26 trillion for the financial year 2025-2026.
This is $126 billion or 9.1 per cent less than last year’s revised budget of $1.38 trillion.
Given the five per cent inflation experienced up to December, the government’s budget is in effect about 14 per cent less than last financial year.
Finance Minister Fayval Williams tabled the estimates of expenditure in parliament on Thursday.
She told the House of Representatives that just under $1.1 trillion of the budget will be financed by taxes and other receipts while about $158.44 billion in loans will satisfy the shortfall.
The bulk of the expenditure, $1.20 trillion, will go towards recurrent or day-to-day expenditure while only $62.59 billion will go towards special projects or capital expenditure.
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