Maseru, Feb 19 — For 2025/2026 financial year, the government projects total spending to 65 percent of Gross Domestic Product (GDP), with recurrent expenses at 48.8 percent of GDP.
This was disclosed by the Minister of Finance and Development Planning Dr Rets’elisitsoe Matlanyane when presenting 2025/2026 budget estimates in Parliament on Wednesday.
Dr. Matlanyane said a significant development in the country’s expenditure framework is the substantial increase in capital expenditure to 21.2 percent of GDP, reflecting commitment to infrastructure development and economic growth.
She also revealed that the public wage bill is projected to be maintained at 17.2 percent of GDP whilst preparatory works are being advanced to implement the requisite public service pay structural reforms.
“For expenditure in 2025/26, we have budgeted total spending of M 24,139.2 Million while recurrent expenses are projected at M18.813.2 Million, reflecting our commitment to efficient public service delivery ” she added, saying capital expenditure is set to increase to M5, 326.0 Million as the country continues to invest in critical infrastructure and development projects…
