The 2025/26 Budget aims to correct past mismanagement through a decisive shift in fiscal policy, with the new government outlining a reform-focused agenda. Prioritising economic renewal, social equity, and fiscal consolidation, the budget introduces measures to support diversification, climate resilience, and sectoral transformation. It aims to halve the fiscal deficit in this financial year, while significantly easing public sector debt. Although a step in the right direction, we think the government may be overly ambitious.
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