BY MBONGENI NDLELA
LOBAMBA – Minister of Finance Neal Rijkenberg has assured the nation that the E32.61 billion 2025/26 national budget is fully financed, reflecting government’s prudent fiscal management and commitment to economic stability.
A balanced and sustainable budget
During his budget speech, Rijkenberg highlighted that the government has successfully secured funding for all planned expenditures without relying on unsustainable borrowing.
“This year’s budget is fully financed, meaning that every planned expenditure has been accounted for within our revenue streams and strategic financial planning,” he stated.
The budget is backed by a combination of domestic revenue, grants, and strategic borrowing, ensuring that essential services, infrastructure development, and economic programs continue uninterrupted.
Revenue Breakdown
- Total Revenue and Grants: E29.72 billion
- SACU Receipts: E10.40 billion
- Tax Revenue: E16.72 billion
- Non-Tax Revenue: E1 billion
- International Grants: E585.27 million
- Strategic Borrowing to Cover Deficit: E2.88 billion
Fiscal Responsibility and Economic Growth
Minister Rijkenberg emphasized that the government has carefully structured its financing strategy to avoid excessive debt accumulation.
“We have ensured that our borrowing remains within sustainable limits and will be used for productive investments that drive economic growth,” he said.
With a projected fiscal deficit of E2.88 billion, the government has secured responsible funding mechanisms that will not burden future generations.
Key Funded Sectors
The fully financed budget ensures the continuation and expansion of critical services and projects, including:
- Education: E5.41 billion
- Health: E3.1 billion
- Infrastructure Development: E7.25 billion
- Security and Law Enforcement: E3.5 billion
- Social Welfare Programs: E3.25 billion
Commitment to Stability and Progress
Rijkenberg reiterated the government’s commitment to fiscal discipline, ensuring that public funds are used effectively to enhance service delivery and drive national development.
“Our approach to financial management remains one of prudence and accountability. This budget reflects our dedication to building a stronger and more resilient economy,” he concluded.
With the 2025/26 budget fully financed, government is set to continue delivering on its national priorities while maintaining economic stability and fostering sustainable growth.
