The parliamentary timeline for the 2026 fiscal cycle has been established. Key dates include:
• January 28: Meeting of the Standing Committee on Finance to finalize numbers.
• January 29: Commencement of the debate on the Estimates of Revenue and Expenditure.
• Early February: Introduction of the Appropriation Bill (anticipated in the first week).
Under the Constitution and the Finance Administration Act, the government may spend 1/12th of the previous year’s estimates for each month (up to April) until the Appropriation Bill is passed.
The 2025 budget provides a baseline for evaluating the 2026 estimates. The following table outlines the 2025 fiscal data:
| Category | 2025 Budgeted Amount (Approx. Millions) |
|---|---|
| Total Revenue | $1,850.0 |
| – Tax Revenue | $757.4 |
| – Non-Tax Revenue | $150.0 |
| – Capital Receipts | $942.0 |
| Total Expenditure | $1,850.0 |
| – Recurrent Expenditure (Salaries, Pensions, Interest) | $913.3 |
| – Amortization and Sinking Fund | $237.4 |
| – Capital Expenditure | $698.6 |