BUDGET 2026-27 : Multiple risks looms over next-year budget, finance ministry warns (opens original article in a new tab)

The government warns of multiple risks to the 2026-27 budget including oil price spikes, natural disasters, and tax shortfalls, which could significantly increase the fiscal deficit.

• Global oil price hike of $40 per barrel could add 0.8pc to fiscal deficit
• Natural disasters may cause 1.5pc fiscal hit without proper financing
• Tax exemptions and concessions risk 1.3pc budget shortfall