Government projects $63.4B Budget for 2027

Fi­nance Min­is­ter Dav­en­dranath Tan­coo has pro­ject­ed Gov­ern­ment ex­pen­di­ture of $63.368 bil­lion for fis­cal 2027, with rev­enue es­ti­mat­ed at $59.729 bil­lion, leav­ing a deficit of $3.639 bil­lion.

Pre­sent­ing the 2027 Bud­get in Par­lia­ment to­day, Tan­coo said the pro­ject­ed deficit rep­re­sent­ed 2.1 per cent of gross do­mes­tic prod­uct (GDP), with­in the in­ter­na­tion­al bench­mark of three per cent.

The pro­ject­ed ex­pen­di­ture of $63.368 bil­lion com­pares with a re­vised es­ti­mate of $61.247 bil­lion for fis­cal 2026, when Gov­ern­ment is ex­pect­ed to record a deficit of $7 bil­lion on rev­enue of $54.247 bil­lion.