Lesotho: A Critical Examination of the 2025/2026 Kingdom of Lesotho Budget

1. Theme and Strategic Direction

The theme, “Building Strategies for Inclusive Growth,” demonstrates a commitment to economic expansion, job creation, and resilience against global shocks (Ministry of Finance, 2025). The focus on private-sector-led growth aligns with global best practices for sustainable development (World Bank, 2024).

1. Macroeconomic Stability and Fiscal Prudence

The budget presents a well-structured plan for fiscal stability, emphasizing revenue mobilization and careful expenditure…