2026 National Budget Summary
Information supplied by The Core Group (Stabilis Inc)
The 2026 Budget shows that the tough fiscal choices made by the government over the past few years are finally paying off. Even in a difficult global economic environment, the economy has remained resilient, with the economic outlook displaying modest gains and greater opportunities to accelerate investment. The government remained committed to restoring the public finances to health. Debt as a share of economic output is expected to reach its peak in the current fiscal year and will decline over the next few years. This is an important turning point because, as debt decreases, debt-service costs as a share of revenue decline. Lower debt-service costs, combined with the improved inflation outlook following the decision to reduce the inflation target to 3%, will boost private investment and job creation. Over the next three years, the government has anchored fiscal policy with the primary budget surplus. With the continued increase in the surplus over the coming years, government debt will be on a sustainable path.
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