The National Treasury is targeting to sustain revenue collection at 17.2 percent of the Gross domestic product and reduce expenditure to finance during the 2026/2027 fiscal year.
National Treasury Cabinet Secretary John Mbadi says the government will tighten the fiscal space to finance commercially viable infrastructure projects.
The other target is to lower government expenditure below the current 22.2 percent of the Gross Domestic Product. The focus of the 2026/2027 budget expenditure will be on commercially viable projects.
The state plans to reduce and sustain interest rates on government papers to a single digit figure to encourage lending to the privates sector to catalyze the economy.
