Prime Minister, the Hon. Philip Davis delivered his contribution to the 2026/2027 budget in the House Of Assembly on Wednesday.
Mr. Davis spoke about the improvement in the country’s finances and the economy. He said, “the debt burden has been driven down from more than 100% of GDP to 64.6% this year with a clear path toward 52% by the financial year 2028/2029. The cost of carrying that debt is easing too with interest payments falling back toward 3% of GDP. From a $1.3 billion deficit to surplus. From deterioration to discipline. That is the distance this country has traveled. The world has taken notice of our progress. The world has taken notice.”
The budget debate wrapped up on Wednesday with members expected to go into the committee stage on Thursday.
