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.
For fiscal 2027, Government is working with an oil price assumption of US$77 per barrel, up from US$73.25 in 2026. The natural gas price assumption has also increased to US$5 per million British thermal units (MMBtu), compared with US$4.25 in 2026.
