The 2026/2027 budget now requires an adjustment of 2.9 billion dollars, after the government managed to reduce expenditure and increase revenue over the first six months of the fiscal year.

Finance Minister, Davendranath Tancoo on Monday asked Parliament to approve an additional 2.927 billion dollars in supplementary funding for the 2026/2027 fiscal year. Minister Tancoo described the adjustment as a measured and responsible approach. He said sound fiscal management has already resulted in reduced expenditure and increased earnings for the state at the mid-way point of this fiscal year.

“Mr. Speaker, for the period October 1st, 2025, to April 30th, 2026, revenue stood at approximately $30.1 billion against a projection of $28.0 billion. Expenditure stood at approximately $31.8 billion against a projection of $34.5 billion, resulting in an overall fiscal deficit of approximately $1.7 billion.”