FY2026-FY2028 Medium-Term Budget

The global economy has proven resilient in the post-pandemic period, with global disinflation continuing, but with significant remaining uncertainty. This backdrop and transformations in the economic landscape are driving strong demand for Fund engagement. The proposed budget is guided by the longstanding principle of budget prudence. Notwithstanding a modest proposed structural top-up to supplement critical cybersecurity-related needs, overall net resourcing to departments will decline, given ongoing unwinding of temporary pandemic-era resources.