Net debt is expected to be $27.9 billion in 2026-27
The budget brings in a record deficit of $13.3 billion
Debt held by the public is projected to rise from 101% of GDP to 120% — exceeding historical highs
Revenue, program expenses both rose: fiscal monitor
Social security funds posted a surplus of $13.5B for the quarter
Finance minister blames rising health care costs, falling oil prices, previous government
After first half pause, offshore investors back buying bonds in Q3
Consolidated general government interest expenses rose 10.3% in 2024
Deteriorating government finances could weigh on sovereign in medium term
Experts say the projected deficit is broadly in line with expectations