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The opposition PNM has described the 2025-2026 national budget as “fake and fraudulent.”

Chief among the opposition’s concerns is the oil price to which the budget was pegged. Finance Minister Davendranath Tancoo announced a $59 billion budget pegged against an oil price of US$73.25 per barrel and a gas price of US$4.35 per mmbtu.

“We expect total revenue of $55.367 billion and a total expenditure 59.232 billion with a fiscal Deficit of 3.865 billion,” said Tancoo.