National budget

2021/2022 National budget bulletin

Nurturing investment growth; embedding economic resilience

What a difference a year makes? Last year with an election round the corner, but the impact of the global pandemic just beginning to be felt, the budget theme could have been described as “elections, infections, and collections”.

This year the tone is much more medium and long term, with this budget being the first annual plan in the implementation of the new five year development plan 2021/22-2-25/26 (FYDP III), with the theme “Realising Competitiveness and Industrialisation for Human Development”. The big backdrop though was the background of a full year of the impact of the pandemic on the economy and with that on collections.